Hyperloop One, which will be built at the Jebel Ali Port in Dubai, is reinventing transportation to eliminate barriers of time and distance by using Hyperloop transport to move cargo and passengers immediately, safely, efficiently, and sustainably.
Back in August there were clear signs that Hyperloop One (HO) might be building its super-fast transportation system at the Jebel Ali port in Dubai. The Royalty-led government of the United Arab Emirates and the CEO of DP World, Sultan Ahmed Bin Sulayem, appeared to be entertaining the idea of a submerged, floating Hyperloop to shift cargo at lightning speed from the port, having spent billions on the new port terminals.
But then in September at TechCrunch Disrupt conference an announcement was made by one investor Shervin Pishevar that the company was looking to build its first fully functioning hyperloop.
The idea of hyperloop first proposed by Elon Musk, co-founder of Tesla, in 2013.But his idea is still being tested. But Dubai has already partnered with Los Angeles-based Hyperloop One to examine possible lines going to the UAE capital Abu Dhabi, and elsewhere.
At a presentation, Hyperloop One suggested such a network could include an undersea tunnel connecting Abu Dhabi to Doha, Qatar, with a trip time of just under 22 minutes. The network could extend to the island nation of Bahrain and Saudi Arabia.
“Imagine that you can live in Riyadh, work in Dubai, have your dinner in Abu Dhabi and watch a movie in Qatar,” Saif al-Aleeli, the young CEO of the Dubai Future Foundation, which hosted the competition, told The Associated Press. “Dubai is trying, as a mission, to prove that concept.”
Even a competition was held last month “Build Earth Live”. The competition was created by Asite and sponsored by Hyperloop One, Vectorworks as well as the aforementioned Dubai Future Foundations.
Seven finalists were reached from a field of 65 teams from nearly 30 countries. The finalists were charged with designing both a cargo hyperloop as well as one for people and were evaluated for sustainability, security, efficiency and design among other standards. In addition to the two hyperloops, each finalist needed to design a station with halls sufficient to deal with hundreds of passengers.
A breakdown of the funding was not disclosed, but Hyperloop One said that latest round brought to $160 million the amount of financing raised since it was founded in 2014.