Hyperloops are the future of public transportation, maybe even the prospect of mobility as a whole. Reducing the stress and time of commuting is an ongoing problem that has ever-evolving solutions. Disrupting public transportation is one of the most talked about issues in the tech industry, with two companies explicitly looking to uncover and advance the technology required to make public transit more efficient and reliable.
The technology that has been developed is called “Hyperloop,” a term coined and trademarked by The Boring Company’s Elon Musk. The Hyperloop is built for alternative ground transportation systems. It is said to be faster than a commercial airline and will supposedly be priced at lower cost for the customer. The goal of getting people where they need to be quickly is increasingly of interest as more and more people live in megacities which have trouble adapting existing transportation solutions. In addition to The Boring Company, Richard Branson has also gotten in on the game with his company Virgin Hyperloop One. In his white paper of 2013, Elon Musk encouraged other companies to take his idea and work on developing the Hyperloop because he was busy with his other ventures at that moment. Since the time Elon Musk released his white paper on hyperloop in 2013, there have been many companies who took this opportunity to develop the technology needed to make the Hyperloop a reality. In recent years, Musk has been putting more effort into improving the express in Los Angeles and recently Chicago.
Although Virgin Hyperloop One and The Boring Company essentially do the same thing, they are serving different communities. While the focus at Virgin is global (including Dubai, India, and New York), The Boring Company seems to be tackling cities at a slower pace, currently working with bringing the loop to Los Angeles and most recently to Chicago. With Elon Musk getting the bid and finalizing contracts for tunneling for a Chicago airport transit link and also fighting for clearance to build a road tunnel network under Los Angeles.
On the other end, Hyperloop One has business in both the States and internationally. According to Hyperloop One, their technology will allow people in India to get from Mumbai to Pune in 25 mins when it currently takes four hours to travel between Mumbai and Pune. It is reported that Hyperloop One will be built and completed by 2024.
Who will come to provide the most beneficial service in the cities chosen to be the home of these express trains? A Hyperloop company backed by Richard Branson or Elon Musk? Is there enough room for the both of them? What technological differences will there be? We hope to see the results in the near future.