A working system could potentially be used to travel from Delhi to Mumbai in 55 minutes.
Hyperloop One sees India as among the top three markets for its super-fast transportation solution and is ready to invest "billions of dollars" in the country, CEO Rob Llyod said.
The US-based company, which is hopeful of launching the prototype within next three to four months, is ready to invest "billions of dollars" if India evinces interest and provides a conducive environment.
"India for hyperloop is among the top three markets in the world ...It may have the strongest economic case in anywhere in the world because of the population density and lack of infrastructure...If 'Make in India' is a priority you need to build infrastructure," Lloyd told PTI in an interview.
He said the company is in talks with the government as well as companies for some routes that could be built on public-private partnership.
The Los Angeles-based company will decide whether "could it be India or it could be the Middle East" to launch its first project.
The company is working on a technology that would use magnetic levitation in low-pressure tubes to transport people and goods at superfast speeds like 1,102 km Mumbai-to-Chennai via Bengaluru in 50 minutes or 334 km Bengaluru to Chennai in 20 minutes.
This will be "first time in the world that any company will be demonstrating the first scale hyperloop sometime in the spring. that will be the first production of hyperloop.
The company has raised 116 million dollars of financing," said Lloyd.
The Chief Executive Officer of the company said that since it is an expensive endeavour the company is currently raising more funds.
"We are in the market...We would be raising another USD 200 to USD 300 million dollars between now and the summer. We think that the first scale prototype is required for some investors to see it at work...We are going to selling to governments, transportation authorities and this is not small thing, these are multi-billion dollar projects," Lloyd said.
"Hyperloop One will help accelerate India's growth towards building substantial infrastructure that is both financially and environmentally sustainable," said Rob Lloyd, CEO of Hyperloop One. "A transportation system like the Hyperloop will undoubtedly ease the pressure on existing infrastructure while enhancing the quality of life of the people. We are already working with the governments around the world on passenger and freight projects, and we look forward to also partnering with India to support this endeavour." The Hyperloop One Vision For India summit also showcased five Hyperloop One Global Challenge (HOGC) semi-finalist teams from India, each of which proposed high-speed transportation routes that could improve the lives of millions of Indian citizens. The HOGC required the teams to develop regional proposals integrating Hyperloop One's disruptive transport technology to move passengers and freight from point-to-point, swiftly, and on-demand.
The HOGC which kicked off in May 2016 invited teams across the world to put forward a comprehensive and commercially viable transport plan covering economic and policy aspects of their respective cities, regions, and countries. The HOGC received more than 2,600 registrants from 90 countries and narrowed the field down to 35 semi-finalists across all continents with a potential pipeline worth $26 billion. India led the way with the highest number of registrants and had the most vocal supporters of Hyperloop One on social media. The India semi-finalists include: -
AECOM - Bengaluru-to-Chennai: 334 km in 20 minutes; meeting the demand of a passenger and freight super-corridor growing at 15% a year.
LUX Hyperloop Network - Bengaluru-to-Thiruvananthapuram: 736 km in 41 minutes; connects two major ports in southern India with population centres of Coimbatore and Kochi.
Dinclix GroundWorks - Delhi-to-Mumbai via Jaipur and Indore: 1,317 km in 55 minutes; freight and passengers; connects two megacities and creates seaport access for landlocked intermediary cities in the interior.
Hyperloop India - Mumbai-to-Chennai via Bengaluru: 1,102 km; 50 minutes; phased development for freight and passengers; boosts capacity at ports of Mumbai and Chennai, creates a Suez Canal-like link between India's coasts.
Infi-Alpha - Bengaluru to Chennai: 334 km in 20 minutes; meeting the demand of a passenger and freight super-corridor growing at 15% a year; connects with major airports.
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