Hyperloop companies Hardt, Hyperloop One, Hyperloop Transportation Technologies, Nevomo, TransPod, Swisspod Technologies, and Zeleros have joined forces to form The Hyperloop Association, the first global association within the hyperloop industry. The constitutive act of the association was signed on 14 December 2022 by the seven initiating companies. The royal decree establishing the association is expected in the next weeks, followed by an official association announcement.
Hyperloop is a new, high-speed transportation system consisting of an autonomous, fully electric pod levitating and travelling at high speeds in a low-pressure environment. Hyperloop will significantly cut the journey times of passengers and cargo between cities and countries and will be more energy efficient and sustainable than any current mode of mass transportation.
Goals of the Hyperloop Association
The Hyperloop Association aims to stimulate the development and growth of this emerging new transportation market and participate in and support institutes collaborating with government and regulatory agencies on transportation policymaking. Acting as a united entity representing the hyperloop industry, the newly formed association’s primary goals will be to:
- Serve as the point of entry for the sector, positioning itself as the go-to organization for all hyperloop-related matters.
- Represent, advocate for, elevate and defend its members’ interests in all hyperloop endeavours.
- Leverage its expertise to provide guidance and insights to decision-makers and stakeholders on hyperloop and associated topics.
Based in Brussels, the Hyperloop Association will work closely with the European Commission, the European Parliament, Europe`s Rail Joint Undertaking, industry value chain stakeholders, research centers, and academia to advance the progress and facilitate the widespread implementation of the innovative transportation system across Europe and globally.
In the upcoming months, we expect major developments in the hyperloop space. The European Commission will initiate the work on the hyperloop regulatory framework, a significant milestone for the industry, not just in Europe but worldwide. The Hyperloop Association looks forward to collaborating with European and international institutions and industry stakeholders on this landmark occasion and showcasing hyperloop technologies as a feasible cutting-edge, safe, and environmentally sustainable mobility solution of tomorrow.
Ben Paczek, inaugural President of The Hyperloop Association
The Hyperloop Association welcomes corporations, public and private entities, and non-profit organizations that play a role in the hyperloop industry’s value chain to join as members. Its founding members aim to promote inclusiveness and strong collaboration among industry experts, research and development entities, and academia.
About TransPod Inc.
TransPod’s goal is to disrupt and redefine commercial transportation between major cities in developed and emerging markets. The startup was founded in 2015 to build the world’s leading tube-transportation system (the TransPod Line) to connect people, cities, and businesses with high-speed transportation that is affordable and environmentally sustainable. TransPod Inc. is headquartered in Toronto, Canada and has affiliate companies in Alberta, France, and the UAE. Visit www.transpod.com to learn more.
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Dianna Lai Read