Hyperloop One
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| Industry | High-speed transport |
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Key people
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Rob Lloyd (CEO) Shervin Pishevar (Chairman, Co-founder) Brogan Bambrogan (CTO, Co-founder) Afshin Pishevar (CLO) |
| Website | hyperloop-one |
Hyperloop One, previously known as Hyperloop Technologies,[1] is a United States company formed to explore Elon Musk's Hyperloop concept.
The company is currently building a short 1.9-mile (3 km) test track in the Nevada desert to test lightweight prototype Hyperloop pods. Its publicly stated long-term goal is to deliver a fully operational Hyperloop system by 2020.[2]
On May 11, 2016 Hyperloop One conducted the first live trial of Hyperloop technology.[3]
Contents
Concept
A Hyperloop is a high speed, intercity transportation system which uses passenger and cargo capsules inside a reduced-pressure tube system that would reach a top speed of 800 miles per hour (1,300 km/h) with a yearly capacity of 15 million passengers. Musk envisioned it as an alternative to the California High-Speed Rail project.[4]
History
In early 2015, Hyperloop Technologies announced plans to build a freight-oriented Hyperloop to cover the 228 miles (367 km) between Los Angeles and Las Vegas.[5][6] Partners include Deutsche Bahn, SYSTRA and Bjarke Ingels.[7]
Test schedule
In December 2015, the company announced plans to begin testing on an open-air track in Nevada in January 2016, intending to reach speeds of 700 mph (1,100 km/h) by the end of that year. The test track is approximately 0.62 mi (1 km). The initial testing will explore the ability of the company's linear electric motor to accelerate the test vehicle to 335 mph (539 km/h). Thereafter the company plans to construct a full-scale 1.9 mi (3 km) test track where levitated pods will pass through low-friction tubes.[2]
By January 2016, HT had procured 50 acres (20 ha) of land and fabricated tube sections in order to build a test track in the Nevada desert. Construction of the test track was underway in 2016,[8] and tested at 2.5 G acceleration on May 11.[9][10]
Funding
Following a solicitation for a seed investment round led by SherpaVentures,[11] the company raised US$37 million in funding to support initial operations and the build of the 1.9 mi (3 km) test track in Nevada.[8] In late 2015, they were actively raising US$80 million for the next round of expansion.[12]
Ultimately, the proposed track from Los Angeles to San Francisco is estimated to cost nearer to US$8 billion.[8] Initial engineering and design will cost around US$8.5 million. The test track should be able to be built and operated with US$80 million. According to a cost analysis team, a two-way passenger tube will cost US$45.3 million per mile.[13]
Team
The CEO of Hyperloop Technologies is Rob Lloyd, former Cisco President of Sales and Development.[12] Former SpaceX engineer and Hyperloop Technologies cofounder ('Kevin')Brogan Bambrogan,[12] the previous CEO, became CTO upon Lloyd's arrival.[citation needed]
The board of directors was composed of HTI founder[12] Shervin Pishevar, David O. Sacks, Jim Messina, Peter Diamandis and Joe Lonsdale,[14] adding Emily White by November 2015.[12]
See also
References
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- ↑ Test video on YouTube
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External links
- E629: Hyperloop Tech co-founders Shervin Pishevar & Brogan BamBrogan, early 2016 interview with co-founders
