Jump to Main ContentJump to Primary Navigation
Top

The 750mph ‘train’ of the future just got $80 million in funding

There's currently a major transport race going on, really, really quickly. 

Back in 2013, Elon Musk (the real-life Iron Man tech whiz who keeps cropping up at the moment) revealed his idea for a new form of transport: the Hyperloop. Described as "a cross between a Concorde and a railgun and an air hockey table", his initial proposal outlined a passenger-carrying pod that could travel through a tube at speeds of around 750mph.

Rather than building it himself (he's got the future of space travel and electric cars to deal with), Musk opened the project up to anyone who wanted to take it on. 

Which is where Hyperloop One come in. Formerly named 'Hyperloop Technologies', the LA-based tech group has just announced it's raised $80 million in a recent funding round, along with a bundle of new international partners to help build the futuristic new vacuum train.

They're set to start testing the propulsion unit of their design in North Las Vegas, with a "full system, full scale test" due later this year.

Hyperloop

"It's real, it's happening now, and we're going to demonstrate how this company is making it happen," said Hyperloop CEO Rob Lloyd at a press conference, in which he also announced a competition to 'identify and select locations around the world with the potential to develop and construct the world’s first hyperloop networks'.

Entrants don't have to advance the tech or provide any engineering credentials, just convince Hyperloop One that the transport system could be put to good use in your area.

Hyperloop One currently has competition in the form of Hyperloop Transportation Technologies, a group currently funded by a crowdsourced project. While Musk originally proposed building the first track to take passengers between San Francisco and Los Angeles (covering 354 miles in 35 minutes), Hyperloop Transportation Technologies has agreed with the Slovakian government to build a hyperloop connecting Slovenia with Austria and Hungary.

Yes, you'll be stuck with overcrowded trains and gridlocked roads for the near future, but believe the hype - Hyperloop is coming.

[Via: Hyperloop One]

Related

ironman.jpg

SpaceX hires ‘Iron Man’ designer to make its spacesuits

tesla2.jpg

Tesla just unveiled the most important car in the world

GrandTourLarge.jpg

These new NASA space tourism posters are stunning

Comments

More

Super Mario in Grand Theft Auto is weird and awesome

Who would've thought Mario would get into a knife fight in a park?

by Jamie Carson
18 Jan 2017

The only Vines worth preserving

The most important cultural artefacts of our time

by Tristan Cross
17 Jan 2017

Hurrah: The Nintendo Switch now has a price and release date

Here's everything you need to know about the new console

by Tom Fordy
13 Jan 2017

The best underwater photographs of 2016 are staggeringly beautiful

Aquatic snaps that made a splash

by Dave Fawbert
12 Jan 2017

Using Google Maps actually does ruin your sense of direction

"Make a U-turn where possible"

by Dave Fawbert
11 Jan 2017

Netflix releases 8-bit game featuring Narcos and Stranger Things

Goodbye, productivity.

by Emily Badiozzaman
10 Jan 2017

The original Game Boy is coming back

Time to dust off your Pokemon Red & Blue cartridges

by Jamie Carson
10 Jan 2017

Watch Steve Jobs launch first iPhone 10 years ago

Today marks 10 years since Steve Jobs presented the world with this iconic product, but it could have been so different

09 Jan 2017

The best gadgets to launch at the biggest tech conference in the world

Christmas 2017 can't come early enough

by Joe Ellison
05 Jan 2017

This is why hitting the snooze button is bad for your health

If you snooze, you really do lose

03 Jan 2017