Hyperloop, the innovative transportation technology that is expected to move people at 800 miles per hour is set to take off in India. Andhra Pradesh will be the first state to get this facility in India.
The state government has signed an agreement with Hyperloop Transportation Technologies (HTT), a US-based company, to connect Amaravati and Vijaywada using this transportation system. The route would turn a trip of more than an hour into a 5 minute ride.
The project will use a Public Private Partnership (PPP) model with funding primarily from private investors.
During Phase 1 of the project, HTT will conduct a six-month feasibility study commencing in October. Working with partners in the public and private sector, HTT will analyse the surrounding cityscapes to create the best route between the two cities while identifying all pertinent stakeholders in the region.
After conducting the initial six-month feasibility study, Phase 2 of the project will construct and build HTT’s first Hyperloop in India. The APEDB (Andhra Pradesh Economic Development Board) along with Government of Andhra Pradesh will assist Hyperloop Transportation Technologies Inc. (HTT) with all regulatory requirements and develop and implement hyperloop in Amaravati.
“In partnering with Andhra Pradesh, HTT will work with local stakeholders to build the regulatory standards necessary for safe and efficient operation", said Bibop Gresta, Chairman & Co-founder, Hyperloop Transportation Technologies.
Founded in 2013, HTT is a global team comprised of more than 800 engineers, creatives and technologists . It is led by co-founders Dirk Ahlborn (CEO) and Bibop Gresta (Chairman) and a senior management team of experienced entrepreneurs and professionals.