Virgin Hyperloop One (H-1) uses magnetic levitation. One set of magnets lifts the passenger pod off its track, while the other set propels the pod forward. The low pressure vacuum-sealed environment within the tube provides very little resistance, enabling the pod's high velocity.
DP World, which operates in forty countries, is Virgin Hyperloop One's largest investor. Its CEO, Mr. Bin Sulayem, is H-1's Chairman of the Board.
Government permits and regulations will be a hurdle to overcome in every locality that sponsors this innovative new transport system. Getting governments to participate with and support making hyperloop a reality will be essential.
An important step toward that goal has been reached in the U.S. by Elaine Chao, Secretary of Transportation. Just this month she announced the "Non-Traditional and Emerging Transportation Technology Council" to propel the process forward on the national level.
"Hyperloop is a new mode of transportation that is built for the 21st century,” said Jay Walder, CEO of Virgin Hyperloop One. “We want to be the company that spearheads the next giant leap forward in transportation here in the United States but we know we can’t do it alone. We applaud the DOT for their support of this technology.”
(cont'd tomorrow)
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