Hyperloop One, the company that once envisioned a high-speed freight link between Europe and China, capable of transporting cargo from one end to the other in a single day, will not be able to fulfill this goal. Engadget has confirmed the closure of Hyperloop One after Bloomberg published a report about it. The company was founded in 2014 following the release of Elon Musk’s paper on hyperloop transportation technologies.
Initially, Hyperloop One aimed to provide transportation for both cargo and people using pods that would travel through sealed metal tubes at speeds similar to airplanes. From 2017 to 2022, it operated under the name Virgin Hyperloop One, thanks to an investment from Richard Branson’s Virgin Group. However, Virgin quietly removed its branding last year when the company decided to abandon its plans for passenger transportation and focus solely on building a cargo service. Hyperloop One laid…
2023-12-21 22:00:49
Post from www.engadget.com
