Hyperloop One demonstrated the propulsion system for the Hyperloop transport. Watch the video.
The company has changed its name to Hyperloop One and announced $80 million in funding. On Wednesday May 11 the company did a propulsion open-air test (POAT) in North Las Vegas. A new video shows the POAT in new detail. Watch below.
"The overwhelming response we've had already confirms what we've always known, that Hyperloop One is at the forefront of a movement to solve one of the planet's most pressing problems," said Hyperloop One cofounder and Executive Chairman Shervin Pishevar. "The brightest minds are coming together at the right time to eliminate the distances and borders that separate economies and cultures."
Don't Miss: See the first leaked Black Friday 2016 Ad
The milestone was the first of many full-scale tests by Hyperloop One. Hyperloop One is developing the Hyperloop, an elegant, integrated structure to move passengers and cargo between two points immediately, safely, efficiently, and sustainably.
The Hyperloop One team has experts in engineering, technology and transport project delivery, working in tandem with global partners and investors to make Hyperloop a reality, now. Headquartered in Los Angeles, the company was founded in 2014 by its Executive Chairman Shervin Pishevar and CTO Brogan BamBrogan, and is led by CEO Rob Lloyd.
Don't Miss: Incredible Pokemon Gifts
The first Hyperloop could be operational in 2021. There is a competition underway to scout the location for the first commercial Hyperloop.