Dubai: The Hyperloop Race Heats Up

Dubai: The Hyperloop Race Heats Up

Dubai: The Hyperloop Race Heats Up

This week, Hyperloop Transportation Technologies (HTT) announced that it’s starting construction on its passenger capsule at its research and development facility in Toulouse, France, a sign that the spunky startup might be more than just talk.

HTT is working with Carbures S.A., a Spanish company that builds components and systems for use in aeronautics, defense, space and other complex technical industries.

The HTT passenger capsule will seat between 28 and 40 people, and is being designed to travel at more than 700 mph. The commercial capsule, so reminiscent of The Jetsons, will be about 100 feet long, with a 9-ft diameter and a weight of 20 tons.

“Our dream of creating the next breakthrough in transportation takes a big step forward today,” said Dirk Ahlborn, Co-founder & CEO of HTT.

HTT already has partnerships emerging with Abu Dhabi, Slovakia, and the Czech Republic regarding potential hyperloop system installations.

But it’s still a crowded field. The original concept for the fabled transportation system, which is intended to move passengers and cargo at airline speeds for a fraction of the cost of air transportation, emerged from a conversation between Elon Musk and Silicon Valley angel investor Shervin Pishevar.

The result was the company now known as Hyperloop One, which is also sitting on over $150-M in funding.

Hyperloop One is eyeing Dubai for its first commercial system, intended to connect Abu Dhabi and Dubai via hyperloop.

However, Hyperloop One has long had the advantage over its competitors, having already demonstrated its technology on a test track in Las Vegas last year.

It’s still up the air as to which firm is going to win the race to build a working hyperloop, but it’s a sure bet the story won’t be boring.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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