One of the longest-running hyperloop startups is reportedly shutting its doors. Hyperloop One, once backed by Richard Branson's Virgin Group, will cease
(Bloomberg) Hyperloop One, the futuristic transportation company building tube-encased lines to zip passengers and freight from city to city at airplane-like speeds, is shutting down, according to people familiar with the situation.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesUS Pushed Dutch Maker of Chip Equipment to Block Chinese Sales
Hyperloop One to Shut Down After Failing to Reinvent Transit yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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An ultra-high speed transportation system for passengers and cargo, Hyperloop has three essential working elements: tubes, pods, and terminals. While the concept has been around for a long time, it is at an early stage of trial and development by startups, academicians, and organisations across the world. ETAuto studies the progress made in India and how far is the dream from turning into a reality.