WHY THIS MATTERS IN BRIEF
- The Hyperloop is a train capable of Mach speed and this is the first time its propulsion system will be put through its paces
Hyperloop One, the company behind trying to bring Elon Musk’s fabled Mach 1.0, or 760mph “train in a tube” Hyperloop, to market, and who last week announced the completion “DevLoop,” the world’s first Hyperloop test track in the Nevada desert, have now announced another world first. They’re going to test their first Hyperloop propulsion system this coming Wednesday.
CEO Rob Lloyd also declared that the company had raised $80 million in venture capital from major transportation firms and is in talks with partners from California to Sweden to take the Elon Musk transportation concept from dream to reality by 2020.
“The Hyperloop is real. It’s happening now,” he said.
While the initial test will fall well short of the vision, first posed by Elon Musk in his 2013 paper, of levitating pods travelling at speeds of over 700mph between San Francisco and Los Angeles, it will mark the start of the next chapter for the technology. And no doubt the rulers of Dubai, who last year announced that they will be the first country to roll out an Emirate wide Hyperloop network from 2021, as well as perhaps observers in India where Hyperloop One just popped in a proposal, will be watching.
“The ethos of Hyperloop is really about connecting,” said co-founder and CTO Brogan BamBrogan, “why can’t we reimagine transportation? I think we can. It’s the 21st Century, yo!”
That may seem like a lot of confidence for a company that’s claim to fame looks like a deconstructed monorail, and whose first test run is only going to hit 116mph using a system that has no brakes, but the technology underlying even the propulsion system is unique enough to justify a little bravado. Magnetic attraction to the track will propel the sled forward at rates comparable to top dragsters, and that’s not to be sniffed at.
Matthew Griffin Global Futurist, Tech Evangelist, X Prize Mentor ● Int'l Keynote Speaker ● Disruption, Futures and Innovation expert
Matthew Griffin, Futurist and Founder of the 311 Institute, a global futures think tank, is described as “The Adviser behind the Advisers.” Recognised in 2013, 2015 and 2016 as one of Europe’s foremost futurists, innovation and strategy experts Matthew mentors several XPrize teams, and is an award winning author, entrepreneur and international speaker who is regularly featured on the BBC, Discovery, Kurzweil, Newsweek, TechCrunch and VentureBeat. Working hand in hand with accelerators, investors, governments, multi-nationals and regulators around the world Matthew shines a light on the future and helps them transform their industries, organisations, products and services by demonstrating how the combination of democratised, and increasingly powerful emerging technologies, are helping fuel cultural, industrial and societal change that is transforming old industries and creating new ones. Matthew’s clients include Accenture, Bain & Co, Bank of America, Booz Allen Hamilton, Boston Consulting Group, Dell EMC, Deloitte, Deutsche Bank, E&Y, Fidelity, Goldman Sachs, Huawei, JP Morgan Chase, KPMG, McKinsey & Co, PWC, Qualcomm, SAP, Schroeder’s, Sequoia Capital, UBS, the UK’s HM Treasury, the USAF and many others.