<strong>HTT to Launch India’s First Hyperloop</strong>
California based Hyperloop Transportation Technologies (HTT) signed MoU with Andhra Pradesh Economic Development Board (APEDB) to connect the city centers of Amaravati and Vijayawada for the new transportation system. This is the first of its kind in India. With this the travel distance will be reduced to 6 minutes from 60 minutes and will create 2,500 jobs.
Mr. Bibop Gresta, Chairman & Co-founder of HTT said,'we are extremely delighted to have entered into a MoU with the Government of Andhra Pradesh to bring the HTT Hyperloop to India. In partnering with Andhra Pradesh, HTT will work with local stakeholders to build the regulatory standards necessary for safe and efficient operation.'
This project will be executed in two phases. In first phase, HTT will conduct a feasibility test to analyze the surrounding areas for best route and in second phase, HTT will start India's first Hyperloop in Andhra Pradesh.
Hyperloop Transportation Technologies Inc. (HTT) is an innovative transportation and technology company focused on realizing the Hyperloop, a system that moves people and goods at unprecedented speeds safely, efficiently, and sustainable. Through the use of unique, patented technology and an advanced business model of lean collaboration, open innovation and integrated partnership, HTT is creating and licensing technologies.