Hyperloop Transportation Technologies, an ambitious transportation project from Elon Musk sets its eyes on Europe with Slovakia agreement. JumpStartFund’s Hyperloop has signed an agreement to explore and build a local Hyperloop system for future transportation.
“Slovakia is a technological leader in the automotive, material science, and energy industries, many of the areas that are integral to the Hyperloop system,” said Dirk Ahlborn, HTT CEO. He added,”With our project in Quay Valley, this agreement with Slovakia, and future developments with other regions of the world, HTT truly has become a global movement.”
Hyperloop aims to connect Bratislava with Vienna in Austria and Budapest in Hungary. Hyperloop says the distance from Bratislava to Vienna can be covered in under 8 minutes at full speed while Bratislava to Budapest route would take just 10 minutes.
“The expansion of Hyperloop will lead to an increased demand for the creation of new innovation hubs, in Slovakia and all over Europe,” said Vazil Hudak, Minister of Economy of the Slovak Republic.
Hyperloop is a tube based transportation system that desires to change the inter and intra-city transport.