Hyperloop One high speed project test results releasled.
Yesterday, Hyperloop One disclosed May 12 test results where the test vehicle levitating for 5.3 seconds and reached 70 miles per hour. Per company statement. The test was conducted in a vacuum sealed tube in the Nevada desert.
A new Hyperloop One high speed project test is preparing to launch a 28 foot test vehicle in excess of 250 miles per hour.
This model for transportation is on demand, energy efficient and low cost when compared to other transportation methods. “Loops” is the term referred to this mode of transportation.
Hyperloop One has already raised $160 million in funding and backers see the technology as a cost effective rapid transit solution. Airline speeds at bus ticket prices.
Started in 2014 Hyperloop One has been developing technology that accelerates and decelerates a levitated pod through a low pressure tube.
Routes in 5 counties are being developed with a goal of moving cargo by 2020 and passengers by 2021.
This type of system, still in development requires testing before implementation for safety. Concerns over permits, routes and land use intersect both environmental and political interests furthering the complexly of the project. Expect to see many upcoming Hyperloop One high speed project tests.
Hyperloop One projects a 4.7 trillion dollar market for loops. Up to 9.3 trillion by 2040.
Their goal is to capture 300 billion by 2020 and 1.9 trillion by 2040 of this market.
Hyperloop One’s pitch is not selling transportation, it’s selling time. Time is your most precious resource.
Watch the video below for information on The Hyperloop Experience.
Elon Musk, real life Iron Man has been a supporter and champion of this concept believes it fits perfectly in with SpaceX and Tesla, all solving transportation concerns.