Thursday, March 10, 2016

Hyperloop Transportation Technologies Inks Deal In Slovak Republic

Playa Vista-based Hyperloop Transportation Technologies, one of the similarly named companies working on further developing Elon Musk's grand idea for a next generation transportation system, said Thursday that it has inked an agreement with the Government of the Slovak Republic, to explore building a Hyperloop system between Bratislava and Vienna, Austria and Budapest, Hungary. Financial details of the deal were not disclosed. Hyperloop Transportation Technologies (HTT) is led by Dirk Ahlborn, and was originally funded by crowdfunding site JumpStarter. HTT said the deal will make it the first company to work on plans for a Hyperloop system in Europe. HTT, like similarly named Los Angeles startup Hyperloop Technologies, is also working on developing similar technology, as is a team from SpaceX, which is building a Hyperloop test track in Hawthorne, although SpaceX says it is not developing a commercial Hyperloop itself.

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