The Hyperloop companies join forces to form the first international Hyperloop association
Hyperloop Hardt, Hyperloop One, Hyperloop Transportation Technologies, Nevomo, TransPod, Swisspod Technologies and Zeleros have joined forces to form the Hyperloop Association, the first global association in the Hyperloop industry. The founding act of the association was signed on December 14, 2022 by the seven initiating companies. A decree establishing the association is expected in the coming weeks, after which an official announcement will be made. Railway Supply magazine writes about this, citing the Global Railway Review.
Hyperloop is a new high-speed transportation system consisting of an autonomous, all-electric capsule that levitates and travels at high speed under low pressure conditions. Hyperloop will significantly reduce the travel time for passengers and goods between cities and countries and will be more energy efficient and environmentally friendly than any existing form of public transport.
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The Hyperloop Association will stimulate the development and growth of this new transport market, participate and support institutions in cooperation with government and regulatory bodies in the development of transport policy.
“In the upcoming months, we expect major developments in the hyperloop space,” Ben Paczek, inaugural President of The Hyperloop Association, said. “The European Commission will initiate the work on the hyperloop regulatory framework, which is a significant milestone for the industry, not just in Europe but worldwide. The Hyperloop Association is looking forward to collaborating with European and international institutions, as well as industry stakeholders on this landmark occasion and showcasing hyperloop technologies as a feasible cutting-edge, safe, and environmentally sustainable mobility solution of tomorrow”
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