"Hyperloop India team has partnered with us to build the prototype pod in Bengaluru by the end of July. The building work will start from May 22. This will mark India's entry into the international Hyperloop race," Workbench Projects founder and CEO Pavan Kumar said today.
Hyperloop India comprises more than 80 students from BITS Pilani, Indian School of Business and IIM-Ahmedabad, and their scaled down pod prototype 'OrcaPod' has been selected for the final stage of SpaceX's Hyperloop Pod Design competition, he told PTI.
Hyperloop envisages transporting passengers or goods inside capsules put inside vacuum created in special tunnels above the ground at speeds of over 1,000 kmph.
On the funding, Kumar said Rs 75 lakh was required to build the pod and so far he had been able to raise Rs 20 lakh through sponsorship.
"As much as Rs 75 lakh is required to build the pod, and so far, I have raised Rs 20 lakh through sponsorship. I have raised this money from corporates, and I am confident I will be able to reach the target before the work begins," he said.
"My firm will assist Hyperloop India team to connect with fabricators and experts from Peenya and Electronic City for this build," he said.
The pod will be raced inside a mile-long vacuum tube built by SpaceX at Hawthorne in California, the official said.
Hyperloop Transport Technologies had met Prime Minister Narendra Modi and several others, including Chief Ministers of various states, expressing interest in starting the project in India.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
