The company behind plans to bring super-fast travel to the UAE is bringing on board everyone from Nasa scientists to world-renowned experts as it seeks to make the technology a reality.
Hyperloop Transportation Technologies is offering shares of the company to some of the best experts in their field to help develop the high-speed transport system that could drastically cut travel times between cities and even continents.
Executives spoke to The National in Brazil on Saturday as they signed a deal to open a freight terminal in Contagem, near the country's sixth largest city Belo Horizonte, from which the technology can operate.
Tech start-ups that have taken on the long held science of moving objects at high speed via electro magnetic levitation have so far struggled to develop it into a viable commercial enterprise.
One of the main sticking points is the huge investment required to gather engineering expertise and foresight to develop necessary feasibility studies, vital to encourage governments to get involved.
California-based HTT’s business model of offering shares in the company is helping keep costs down.
“We have the best team of talent available to work on this project,” said Bibop Gresta, president and co-founder of Hyperloop Transportation Technologies.
“Nasa scientists are working with university lecturers to Pulitzer prize nominees – many don’t get paid a salary, just stock options so it must be something they believe in.
"That is what makes it so exciting. The only way you can build this is to answer questions in a very specific way to come up with working solutions.”
HTT has already completed its own feasibility study on the model planned for the UAE, probably between Al Ain and Abu Dhabi.
Rivals at the Sir Richard Branson backed Virgin Hyperloop One will conduct a similar evaluation on a service between Pune and Mumbai that could reduce transport times from 3 hours to just 25 minutes.
The Virgin company has also signed an agreement with the Indian State of Maharashtra.
Despite the rivalry, those at HTT insist the technology is not an arms race to bring the first project to the mass market.
“It is impossible to say when people will be able to use the Hyperloop, and whilst we have to be optimistic, we have a responsibility to say to the world that we are ready,” said Andres de Leon, chief operating officer of Hyperloop TT.
“The technology is in development, so now it is time to implement it with the regulation. Guidelines are being created to help this process accelerate.”
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Passenger tubes and capsules have arrived in Toulouse, and HTT is connecting that side of the technology very soon.
“It is unprecedented, with investors committing to this project from all over the world,” Mr Gresta said.
“Hyperloop TT are not the conquistadors to exploit countries, but to enhance and leave a lasting legacy and growth within communities.”
Those at HTT are quietly confident theirs will be the first to enter public service.
A passenger pod and 1km test track is due to be launched in Toulouse later this year and follows the unveiling of the freight hub and innovation centre in Contagem in the south east of Brazil, an hour and a half plane ride from Rio de Janeiro.
The city’s Hyperloop Academy will bring jobs and training to an underdeveloped corner of the Minas Gerais region.
“I have the most exciting role with HTT as I can innovate and dream without walls,” said Yvonne Cagle, an American NASA astronaut recruited by HyperloopTT.
“Whilst building bridges with the academy to bring in the very best minds and skills, we can incubate ideas and solutions within local and global innovations in transportation.
“That will transcend into tourism, education, environment and sustainability.”
In 1989 Dr Cagle volunteered to serve as the Air Force Medical Liaison Officer for the STS-30 Atlantis shuttle mission to test the Magellan spacecraft, and is now using her expertise and experience to help develop Hyperloop around the world.
“There is huge benefit from growth and learning, so the academy is very important in cultivating young minds,” she said.
“I feel like I’m looking back on impossibility and telling it to catch up. This technology is already changing the world by altering the perceptions of young people and their hope for the future.”
There is still some way to go before passengers are flying through vacuum tunnels at 1200 km an hour in Abu Dhabi, but those at HTT are confident they will be travelling in a pod designed by their experts.
“Creating technology that can be used not just in Brazil, but all over the world is the focus of the innovation centre,” said Mr de Leon.
“It is important for the UAE to understand that we are trying to connect this technology around the world – with Toulouse, Belo Horizonte and Abu Dhabi where the technology and innovation will be shared.”
Women & Power: A Manifesto
Mary Beard
Profile Books and London Review of Books
MATCH INFO
Manchester City 0
Wolves 2 (Traore 80', 90 4')
COMPANY%20PROFILE
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Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
Asia Cup Qualifier
Final
UAE v Hong Kong
Live on OSN Cricket HD. Coverage starts at 5.30am
DUNE%3A%20PART%20TWO
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The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
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Killing of Qassem Suleimani
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Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
Company%20Profile
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How Apple's credit card works
The Apple Card looks different from a traditional credit card — there's no number on the front and the users' name is etched in metal. The card expands the company's digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Its attributes include quick sign-up, elimination of most fees, strong security protections and cash back.
What does it cost?
Apple says there are no fees associated with the card. That means no late fee, no annual fee, no international fee and no over-the-limit fees. It also said it aims to have among the lowest interest rates in the industry. Users must have an iPhone to use the card, which comes at a cost. But they will earn cash back on their purchases — 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card. Apple says it is the only card to provide those rewards in real time, so that cash earned can be used immediately.
What will the interest rate be?
The card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness. That's in line with the rest of the market, according to analysts
What about security?
The physical card has no numbers so purchases are made with the embedded chip and the digital version lives in your Apple Wallet on your phone, where it's protected by fingerprints or facial recognition. That means that even if someone steals your phone, they won't be able to use the card to buy things.
Is it easy to use?
Apple says users will be able to sign up for the card in the Wallet app on their iPhone and begin using it almost immediately. It also tracks spending on the phone in a more user-friendly format, eliminating some of the gibberish that fills a traditional credit card statement. Plus it includes some budgeting tools, such as tracking spending and providing estimates of how much interest could be charged on a purchase to help people make an informed decision.
* Associated Press
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
THE SPECS
Engine: Four-cylinder 2.5-litre
Transmission: Seven-speed auto
Power: 165hp
Torque: 241Nm
Price: Dh99,900 to Dh134,000
On sale: now
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UAE currency: the story behind the money in your pockets