Hyperloop

• The collaboration between Technology Innovation Institute and Virgin Hyperloop will strengthen the position of the United Arab Emirates as a global research hub.
• South Korea is hoping to launch a hyperloop network by 2024, cutting the journey time between Seoul and Busan from three hours to 30 minutes.
• As Virgin Hyperloop continues to grow, attracting top talent is an imperative on its journey to build the world's first hyperloop and act as a disruptive force in the transportation industry.
• Virgin Hyperloop says its aim is to achieve safety certification by 2025, with commercial operations beginning in 2030.
• A hyperloop between Abu Dhabi and Dubai will see journey times between the two cut from 120 minutes to 12.
• Richard Branson's Virgin Hyperloop has completed the world's first passenger ride on a high-speed levitating pod system, a key safety test for technology it hopes will transform human and cargo transportation.
• The Pune-Mumbai route could result in USD $55 billion in socio-economic benefits over 30 years of operation.
• Distances might shrink exponentially as an influx of transportation projects ranging from Elon Musk's Hyperloop to China's Supersonic trains are expected.
• Superfast mass public transport (like Elon Musk's Hyperloop) and intercity trains travelling up to 600mph will replace air travel and rail in some countries.
• Hyperloop Technology Market is expected to attain potential growth by 2027 witnessing market growth at a rate of 35.23% in the forecast period of 2020 to 2027.
• The world's first Hyperloop will be carrying cargo, not people, around the city of Dubai.
• A passive levitation system will eliminate the need for power stations along the Hyperloop track.
• A Hyperloop pod containing either passengers or cargo could travel up to 760 mph through an elevated, airless, and frictionless tube between cities.
• Hyperloop technology market in Slovakia and Czech Republic is expected to grow at the highest rate between 2020 and 2028.
• The first Virgin Hyperloop One commercial project in the world may start between Mumbai and Pune by 2025.
• The Hyperloop Technology Market was worth USD 0.08 billion in 2014 and is expected to reach approximately USD 2.78 billion by 2023, while registering itself at a compound annual growth rate of 48.12% during the forecast period.
• The Global Hyperloop Technology Market is expected to grow from USD 783.60 Million in 2018 to USD 5,982.30 Million by the end of 2025 at a Compound Annual Growth Rate of 33.69%.
• Virgin Hyperloop One, one of the start-ups vying to lead the Hyperloop revolution, has successfully tested its technology at scale and says Hyperloop travel will be a reality within this decade.
• The global market for hyperloop train is expected to expand at a rapid rate during the forecast period of 2017 to 2025.
• Hyperloop technology will satisfy the need for upgrading accessibility between Slovakia and the Czech Republic for different reasons such as passenger, cargo transport, business travels, and others.
• Hyperloop technology will fulfill the need of improvement in accessibility between the two countries for different reasons such as passenger, cargo transport, business travels, and others.
• The world's first commercial hyperloop, set to open in Abu Dhabi in 2020, will link Dubai and Abu Dhabi, reducing travel time between the emirates from hours to mere minutes, with capsules travelling at an impressive speed of 1,123 km/h.
• First envisaged by Tesla CEO Elon Musk, Hyperloop is a high-speed ground transport system that could connect distant places, such as San Francisco and Los Angeles, in just 35 minutes.

Last updated: 17 January 2021