Hyperloop Transportation Technologies has entered into a joint venture that could lead to the construction of the world’s first commercial hyperloop system in Italy.
The hyperloop is intended to operate between Venice-Mestre and Padua, two major cities within Italy.
Named ‘Hyper Transfer,’ the project, when completed, is hoped to reduce heavy traffic, decrease traditional transport times and energy consumption, improve road safety, and enhance the interconnections between transport systems and smart cities in the local area.
Zach Zhang, Director HyperloopTT and Silicon Valley-based venture capitalist said:
“As both a long-time advocate for innovative transportation solutions and an investor in HyperloopTT, I am thrilled to witness the birth of the ‘Hyper Transfer’ project […] We are not only investing in a technological marvel, but also in the people that are creating the future of sustainable and efficient travel.”
The project is expected to roll out in multiple phases after which the system will then be expandable to fully connect the cities of Venice and Padua.
The joint venture, collectively called Hyper Builders, consists of Webuild – Italian engineering and general contractor group with Leonardo – company specializing in aerospace, defense, and security as well as RINA – a firm that builds businesses in transport and infrastructure – and Hyperloop Italia – HyperloopTT’s licensee in Italy.
The hyperloop is a tube-based transportation system that moves people and goods at airplane speeds safely, efficiently, and sustainably. When introduced to the world, hyperloops will reduce travel times between city centers from hours to minutes, promoting widespread economic expansion throughout connected regions while replacing current emissions-heavy travel options.
