I do wonder what gets people to invest in this. I guess for Virgin, it's just marketing, so they can put a picture of an Hyperloop pod in the shareholder section of their website.
Edit: According to the loop site, they got $400M so far. See the FAQs section https://virginhyperloop.com/pegasus
Main backer is "DP Trade"
Basically, when evaluating the feasibility of Hyperloop, don't think about human transportation at all.
Edit: According to the loop site, they got $400M so far. See the FAQs section https://virginhyperloop.com/pegasus
Main backer is "DP Trade"
DP is an international network with a local presence in many countries, providing a complete range of services related to steel trading.
Basically, when evaluating the feasibility of Hyperloop, don't think about human transportation at all.
DP World Cargospeed
is a global brand for hyperloop-enabled cargo systems operated by DP World and enabled by Virgin Hyperloop technology. These systems will deliver freight at the speed of flight and closer to the cost of trucking for fast, sustainable, and efficient delivery of palletized cargo.
The focus would be on high-priority, on-demand goods – fresh food, medical supplies, electronics, and more.
With DP World Cargospeed, deliveries can be completed in hours versus days with greater reliability and fewer delays. It will expand freight transportation capacity by connecting with existing modes of road, rail, ports, and air transport, and will provide greater connectivity with manufacturing parks, economic zones, distribution centers, and regional urban centers. This can shrink inventory lead times, help reduce finished goods inventory, and cut required warehouse space and cost by 25%. DP World Cargospeed networks can also enable just-in-time, agile manufacturing practices.
The Virgin Hyperloop is unique in that it doesn't need to be passenger-only or cargo-only. We are designing a mixed-use system that fully utilizes system capacity while maximizing economic and social benefits. However, it is possible to run cargo commercial operations while certification and regulation are still ongoing for passenger use.
Many infrastructure projects succeed or fail based on right-of-way issues. We are designing a system that requires only about half the right-of-way as high-speed rail and can more easily adapt to existing right-of-ways. At high speeds, the VHO system has a 4.5 times tighter turn radius compared to high-speed rail and can climb grades that are 6 times steeper, reducing the disturbance at crossings. Portals will be purposely integrated into and support existing communities and landscapes. Low noise levels will expand opportunities to build hyperloops closer to the city center.
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