It’s confirmed: Hyperloop is in talks to run trials in India

Jayadevan PK December 6, 2016 1 min

It’s confirmed. Hyperloop will begin trials for its super-fast transportation technology in India as soon as it gets a nod from the transport ministry.

“The proposal is on Mr Gadkari’s table. We are ready,” Bibop G Gresta, chairman and Chief Bibop Officer, Hyperloop Transportation Technologies Inc (HTT), told FactorDaily here in Bengaluru.

“The world is watching you guys (India). This can be the greatest opportunity or the biggest disaster. Only history will tell”
— Bibop G Gresta, Chief Bibop Officer, Hyperloop Transportation Technologies  

Hyperloop is a new transportation technology that uses a pod through a near-vacuum tube to move objects and people from one place to the other.It currently costs about $40 million per kilometer. Hyperloop, which can move passengers at airline speeds, will take about four years from the date of approval to move the first passenger.

“The world is watching you guys (India). This can be the greatest opportunity or the biggest disaster. Only history will tell,” said Gresta, who is slated to speak at the Carnegie India Global Technology Summit later today.

Gresta, who met Prime Minster Modi and transportation minister Nitin Gadkari earlier, said, “They are really willing to make a change in this country. Actually, we are discussing a project here in India. We are on the table to do a feasibility study for a big route.” Huge density of population and the lack of infrastructure represents a huge market opportunity for Hyperloop in India.

Hyperloop Transporation Technologies is not the same as Hyperloop One. The two companies are competitors. Gadkari has also offered land to Hyperloop One, according to media reports earlier.

“We are the original Hyperloop with trademarks in India. There shouldn’t be any confusion,” said Gresta.


               

Thank you for reading FactorDaily

We hope this story worked for you.

Our journalism is produced by some of the best brains in the story-telling business who believe that good stories have only one master: you, the reader. Bringing these stories to you, just so you know, costs us a pretty dime even as the context of disruption remains unchanged in the journalism business the world over.

If you like what you read here, consider supporting the FactorDaily journey. We don’t have a paywall because we believe access to good journalism must be free to all, especially when it is in public interest and informs citizens with independence and accuracy. Such stories should not be restricted to a few who can pay. You are free to support us with any amount you like. 

Please note that 18% of your contribution will be paid to government as GST, per Indian accounting rules.

Credit/Debit Card, Netbanking, UPI, Wallet
Credit/Debit Card, Netbanking, UPI, Wallet

Disclosure: FactorDaily is owned by SourceCode Media, which counts Accel Partners, Blume Ventures and Vijay Shekhar Sharma among its investors. Accel Partners is an early investor in Flipkart. Vijay Shekhar Sharma is the founder of Paytm. None of FactorDaily’s investors have any influence on its reporting about India’s technology and startup ecosystem.