Hyperloop
Transportation Technologies (HTT), a US startup to revolutionize travel. — is
the brainchild of Tesla founder Elon Musk, who opensourced the basic design in
2013 in the form of a white paper. Bibop Gresta, chairman of HTT post his
talks with the Transport Minister Nitin Gadkari is looking for talks with
Karnataka’s chief minister to sell the concept of hyperloop in the state.
Addressing
a session on Leapfrogging Legacy: Hyperloop with Vishal Gondal, founder and CEO
of GOQii at the Carnegie India Global Technology Summit 2016, Gresta says, “The
concept of trains and metro are now legacy technologies and the way forward
is the hyperloop, wherein people can travel from Chennai to Bengaluru in 30
minutes — for a fraction of the cost of an airplane ticket.”
I came to India a few months ago and met
transport minister Nitin Gadkari. We have a proposal on the table to run
Hyperloop between Mumbai and Pune, he said. He goes on to say that it takes 6-8 months to do the feasibility study,
and 38 months to set it up, from the date we get all approvals. We don't want
government money. We only need the land and approvals. We will get private
investors to build the system. Several Indian investors have already expressed
interest, says Gresta.
I read
about the challenges of reaching the airport in Bangalore and it would be ideal
for the state government to look at hyperloop technology to play a major role
provided all end-to-end tasks are met, he said. "This tech takes less space and
no destruction to the environment".
Post his meeting with the minister,
Gresta said he found the Indian government very interested. “If they put their
money where their mouth is then we could see very quickly a hyperloop in this
country.” The company has already signed deals to build a hyperloop between Abu
Dhabi and Al Ain in the UAE.
The Indian government has been focussed on improving the infrastructure in the country. PM Narendra Modi, in particular, has talked about bringing bullet trains to India.
The Indian government has been focussed on improving the infrastructure in the country. PM Narendra Modi, in particular, has talked about bringing bullet trains to India.
The
first bullet train is expected to run between Mumbai and Ahmedabad and is
expected to be built by 2023 at a cost of about $12 billion. But Gresta thinks
bullet trains pale in comparison to the hyperloop system.
He said bullet
trains would be a big mistake for India. India has the potential to really
embrace new technologies. Put $1 billion in hyperloop. And you have a faster,
more efficient way to transport people.
HTT
uses a crowd-collaboration approach by roping in about 800 engineers and
companies who are working for stock options. There are about 25 people from
India working on the technology, Gresta said.
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