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Hyperloop One, known as Virgin Hyperloop until November 2022, was an American transportation technology company that worked to commercialize high-speed travel utilizing the Hyperloop concept which was a variant of the vacuum train. The company was established on June 1, 2014, and reorganized and renamed on October 12, 2017.
Hyperloop One undertook yet another feasibility study in 2016, this time with DP World to move containers from its Port of Jebel Ali in Dubai. [70] In late 2016, Hyperloop One announced a feasibility study with Dubai's Roads and Transport Authority for passenger and freight routes connecting Dubai with the greater United Arab Emirates.
He is the co-founder and former executive chairman of Hyperloop One and a co-founder and managing director of Sherpa Capital, a venture capital fund which has invested in companies including Airbnb, Uber, GoPuff, Cue Health, Slack, Robinhood, Munchery and Postmates. [1] [2] [3] As an angel investor, Pishevar has seeded more than 60 companies.
When Richard Branson threw his weight behind Hyperloop One in 2017, the world took notice. The billionaire’s Virgin Group invested in the transportation startup, which promised to zip passengers ...
2023 – The first test-runs of a superconducting maglev test line, called a hyperloop, are carried out in Datong, China (50 km/h of ~1,000 km/h). Hyperloop One conducted the world's first test carrying passengers in pods, reaching a speed of 172 km/h in Los Angeles in 2020, but reportedly abandoned the goal of transporting humans as of 2023. [93]
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Last year, Hyperloop One, a well-funded startup inspired by Musk’s vision (though not directly affiliated with Musk), threw in the towel after nearly 10 years.
Hyperloop pod competition test track. The Hyperloop Pod Competition was an annual competition sponsored by SpaceX from 2015 to 2019 in which a number of student and non-student teams participated to design—and for some teams, build—a subscale prototype transport vehicle in order to demonstrate technical feasibility of various aspects of the Hyperloop concept.