Wednesday 24 July 2019
 
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DP World-backed Virgin Hyperloop One hits new high

DUBAI, 26 days ago

Virgin Hyperloop One (VHO), the only hyperloop company in the world to successfully test its technology at scale, was on Capitol Hill in Washington DC today (June 27) to showcase its industry-leading technology to members of Congress and federal stakeholders at its event “Hyperloop On The Hill,” as the company continues to broaden support of its revolutionary transportation technology.

VHO has been working with the Directorate-General for Mobility and Transport in Europe and the Consultative Group on Future Transportation (CGFT), under the Principal Scientific Advisor to the Government of India, as there has been significant interest from regulatory agencies in those regions to coordinate and prepare a global framework that would regulate hyperloop technology and systems.

Building off the momentum of US Secretary of Transportation Elaine Chao’s newly-formed Non-Traditional and Emerging Transportation Technology (NETT) Council to support new and innovative transportation projects like hyperloops and self-driving cars, VHO’s demonstration on Capitol Hill focused on this new mode of transportation that will change the way we move passengers and cargo in a safe, sustainable, and efficient way.

Now, there is a serious movement in the US to accelerate the regulatory process. The vision of the NETT Council is to develop and establish department-wide processes, solutions, and best practices to identify and manage non-traditional and emerging transportation technologies and projects, to provide assistance to local and state governments, and to conduct research to better understand the safety and regulatory needs of these technologies.

“We are seeing a rapidly growing global interest in Virgin Hyperloop One’s technology,” remarked Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World and Virgin Hyperloop One.

“The progress in the United States accelerates our vision for a globally certified system, allowing us to bring this transformative technology all over the world, and specifically to the GCC, in years not decades.”

“It is time to seize the opportunity that hyperloop technology presents to bring people and economies closer together through more efficient, affordable, and seamless travel,” said Jay Walder, CEO of Virgin Hyperloop One.

“We are now seeing the groundswell of support that’s needed to realise the hyperloop revolution with the formation of the NETT Council and support from lawmakers across the world. As hyperloop moves toward reality it’s becoming clear that it will not only transform how we travel but also create an entirely new industry with thousands of new jobs.”

As cities across the country face increasing transportation challenges, such as extreme traffic congestion, vehicle emissions, long commute times and more, today’s event also kicked-off Virgin Hyperloop One’s roadshow.

This summer, VHO will be travelling across the US to showcase their XP-1 vehicle, connect with communities, and educate local and state governments on the tangible benefits of hyperloop.

Virgin Hyperloop One’s technology would transport passengers and goods three times as fast as high-speed rail and enable regional cities to connect just as local city subways connect neighbourhoods.

After Washington DC, Ohio will be the next stop on the tour, taking place later this summer. Over the next few months, VHO will make stops across America in Missouri, Texas, Ohio, and more to showcase its technology and competitive advantage when it comes to advancing America’s transportation technology capabilities.-TradeArabia News Service




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