Updated: July 6, 2016 5:27:12 pm
Hyperloop One, which is a startup working on the Hyperloop idea proposed by SpaceX CEO Elon Musk, has run a pre-feasibility study showcasing how such a system would work. The company claims it could connect Helsinki and Stockholm in just 30 minutes.
The Hyperloop One and KPMG report claims the Hyperloop system will be able to cover the 485 Km distance between the two capital cities in 28 minutes reaching speeds in excess of 1,000 kms per hour by 2017.
The distance between Helsinki and Stockholm is covered in 11 hours by ferry, and in 3 hours and 30 minutes on an flight – including getting to the airport and check-in. The actual flight time between the two cities is however less than 1 hour.
Hyperloop is a registered trademark of the Space Exploration Technologies Corporation, that will provide very high speed transportation of passengers in “pods” or “capsules” via partial vacuum tubes.
SpaceX has called for a competition asking companies across the world to design these pods, which will float just millimeters over the rails. It should be noted SpaceX is not affiliated with HyperLoop One.
The preliminary design of the Hyperloop was made public in 2013 with a proposal to connect San Francisco and Los Angeles. The first sub-scale model of the Hyperloop was built on a test track in Nevada, on a short route of 1 mile.
According to the KPMG study, the European Hyperloop One project is expected to cost €19 billion to build, and claims to generate €321m in value of time benefit per annum, €1,071m revenue per annum with a 42.7m ridership eventually.
The company Hyperloop One has reportedly raised $130 million till June 2016. It has also reportedly signed a memorandum of understanding (MoU) to explore the development of the Hyperloop system in Russia.