Hyperloop One is one of several companies working on transportation technology known as hyperloop, which will feature pods or cars racing through tubes in near-vacuum conditions with little to no air resistance to maximize efficiency and increase speed.
Hyperloop One held the first public demonstration of its propulsion system on Wednesday, with a unmanned sled hitting 116 mph (187 kmh) in just 1.1 seconds on a short stretch of track outside of Las Vegas.
The company hopes the system will hit speeds of more than 700 mph.
Tesla cofounder Elon Musk released a white paper in 2013 in support of the technology. In an interview with All Things D, he called hyperloop “a cross between a Concorde, a railgun and an air hockey table.”
Earlier this week, the company announced that it had raised $80 million in financing and was changing its name from Hyperloop Technologies to Hyperloop One. The company is hoping its system will be operational within five years, transporting passengers between Los Angeles and San Francisco in just 30 minutes, the BBC reported.
Source: The Huffington Post Canada