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Hyperloop One shuts down amid contract failures and asset liquidation
Headquartered in Los Angeles, the company, known for achieving the world's first passenger ride on a super high-speed levitating pod system in 2020, will liquidate its remaining assets.Read more
Virgin Hyperloop One signs MoU with Government of Karnataka for its preliminary study
Virgin Hyperloop One announced its partnership with the Government of Karnataka to conduct its preliminary study to understand hyperloop's feasibility and economic impact in the region. The US-based company signed a Memorandum of Understanding (MoU) with the Karnataka Urban Development Department (KUDD) aimed at identifying potential routes to improve mobility in the Bengaluru metropolitan area and connect high growth cities such as Tumakuru, Hubli-Dharwad and Hosur within the state.Read more