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Hyperloop One Performing First Tests & Secures Funds From New Investors

In the middle of a desert in Nevada, the Los Angeles-based startup and recently renamed Hyperloop One (formerly Hyperloop Technologies) is planning the first demonstration of its propulsion system on Wednesday.

For those not familiar with the Hyperloop, it is the futuristic method of mass transportation dreamed up by Tesla (TSLA) and SpaceX CEO Elon Musk that incorporates reduced-pressure tubes in which pressurized capsules ride on an air cushion driven by linear induction motors and air compressors, traveling at speeds of roughly 700-MPH.

Mr. Musk called this “the fifth mode” of transportation — after planes, trains, automobiles, and boats. Mr. Musk promised this system would be as fast as an airplane, less expensive than trains, and would emit no carbon pollution.

(Also read: "As SolarCity Crashes, Is Elon Musk Overrated?")

At an event in Las Vegas, Hyperloop One also presented a handful of big-name engineering and transportation companies that it’s partnering with

Moreover, On Tuesday, Hyperloop One announced new funding and new partners in transportation and engineering, including AECOM, Amberg Group, Arup, Bjarke Ingels Group, Deutsche Bahn, KPMG, and Systra, per a report by Forbes.  According to a Gizmodo report, Mr. Ingels “will give some much-needed design direction for how Hyperloop One's projects might start to integrate with the cities they're meant to serve.”

Mr. Ingels commented on the matter, per the Gizmodo report: “With Hyperloop we are not only designing a futuristic station or a very fast train, we are dealing with an entirely novel technology with the potential to completely transform how our existing cities will grow and evolve, and how new cities will be conceived and constructed.”

Hyperloop One CEO Rob Lloyd said in a statement that the company would work with these new partners “to redefine the future of transportation, providing a more immediate, safe, efficient and sustainable high-speed backbone for the movement of people and things.”

Hyperloop One is not the only company developing their own versions of Mr. Musk’s idea. Another LA-based startup called Hyperloop Transportation Technologies (HTT) relies on volunteer labor, claiming to have around 200 volunteers working on different areas of the project. HHT focuses on using passive magnetic levitation system developed by Dr. Richard Post at the Lawrence Livermore National Labs. A passive magnetic levitation system would remove the need for building power stations along the track, which is something needed for Hyperloop One’s project.

If the testing goes well for Hyperloop One, it will be a huge step forward in human transportation. Current modes of transport all have flaws, ranging from expenses to time it takes to get to point A from point B. For the citizens of the United States, having a functioning Hyperloop would forever transform how we commute, which is something we all should be rooting for.

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