Hyperloop Transportation Technologies wants to connect the Middle East

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He pointed out that actual hyperloop systems will not travel at 750 miles per hour, though that is the technology’s often-cited, theoretical maximum speed. Instead, the average speed will be much slower.

The way to maintain passenger comfort is by accelerating and decelerating slowly, he said.

“It will be like a very comfortable airplane — without all the bumps and the problems of an airplane,” Gresta said.

Gresta did not reveal how much a ride will cost, but he explained that the technology uses renewable energy that “guarantees that the price of the ticket is minimal.”

HTT is not the only company that’s looking into this new concept of super-fast transportation. Other start-ups in this space include Virgin Hyperloop One.

When asked how his company stands out, Gresta said that HTT was the first firm that “actually took the challenge of bringing this technology to the market.”

“We’re the only company that actually is building the first full-scale hyperloop in history,” he said, adding that competition from others was welcomed.

He added that the company is already discussing future projects in 11 countries, including Saudi Arabia.

HTT began building a prototype of the hyperloop system earlier this month in Toulouse, France. The company said it expected delivery of the first passenger pod later in the year.

— CNBC’s Arjun Kharpal contributed to this report.



Source : CNBC