Virgin Hyperloop, a US-based company, plans to unveil its cargo delivery services much early than its planned launch in the 2030s.
The company has earlier introduced a next-generation technology that aims to drastically cut down transportation times.
In the UAE, Virgin Hyperloop’s project will reduce travel time between Dubai and Abu Dhabi to 12 minutes from the current hour or longer.
The Las Vegas-based company took the decision on the recommendations of the Dubai government-owned DP World.
According to a senior official at Virgin Hyperloop, DP World has made a strong case for the cargo project, which was needed during the ongoing global supply chain issue caused by the coronavirus pandemic.
Virgin Hyperloop’s Vice-President of Marketing and Communications Ryan Kelly said that cargo ships and containers are held up at ports worldwide, which increase cargo costs. He lauded DP World’s recommendation, saying transportation should be fast-tracked to offer a solution to handling future supply chain needs.
Virgin Hyperloop has also promoted its current CFO Raja Narayanan to its interim CEO. He will take over from Josh Giegel, who is also the founder of the company. Narayanan will take the helm of the company along with his current responsibilities as the CFO.
The company has recently conducted several experiments, including one using passenger pods. The transportation is built on a number of these pods moving through a high-speed elevated channel between destinations, using solar power as the propellant.
Proven in the latest tests, speeds can reach up to 1,000 kilometre per hour, which would be three times faster than what current high-speed rail systems offer. Hyperloop technology has caught the interest of multiple investors, including Tesla’s Elon Musk, as having the dynamics to change the face of transportation.
Last year, Virgin Hyperloop became the first to ferry passengers in a trial run, and which brought further attention to the project’s development. Now, with DP World putting its considerable weight behind speeding up the cargo side of the operations, the project should kick up a gear or two.