And finally, hyperloop is all set for launch in India.
The Government of Maharashtra has deemed Virgin Hyperloop One a public infrastructure project, setting it up to become the first hyperloop project in the world.
The announcement brings the hyperloop transportation system in India closer to reality, recognizing hyperloop technology alongside other more traditional forms of mass transit.
Dubbed the Pune-Mumbai Hyperloop, the project will link central Pune to Mumbai in under 35 minutes, as opposed to the current 3.5+ hours by road.
The project create over $36 billion USD in wider socio-economic benefits, and create new hyperloop component and manufacturing opportunities for Maharashtra to export to India and the rest of the world.
DP World (DPW), a global trade leader and a major ports and logistics operator in India, is set to invest $500 million USD in private capital to complete Phase One of the project.
