Hyperloop Transportation Technologies (HTT) may be a step behind its rival Hyperloop One but is making its own plans to go global — starting with an announcement that HTT has signed an agreement to explore connecting a hyperloop system from Slovakia to the Czech Republic.
HTT already has an agreement with the city of Bratislava, Slovakia to build a hyperloop there, but this new agreement will help the startup see if it makes sense to build a system connecting the 80 miles between Brno in the Czech Republic to Bratislava and then 140 miles south to the Czech capital Prague. HTT also says it has an agreement with Abu Dhabi and has made some preliminary inquiries to possibly build in Melbourne, Australia.
Since they have solved all the technical issues, it is now crucial to collaborate with governments around the world. It is critical for Hyperloop to be working directly with regulators at this stage of development, new rules and frameworks will need to be written as they begin building out systems in Slovakia, the Emirates and several others to come.
Hyperloop Transportation Technologies, Inc. (HTT) was founded in November, 2013, birthed of JumpStartFund — a unique crowdfunding and crowdsourcing incubator platform that uses collective knowledge and assets. HTT is a collaborative organization built within the egalitarian ecosystem of a company that values every one of its contributors — both individual and entity. They are partnered with more than 600 professional team members who provide the company with engineering, physics, legal, human resources, media relations, logistics and construction talent to fuel a company that is uniquely collaborative and talent-laden. In support of these endeavors and the global team, announced the surpassing of $100 million in investments in December of 2016. More agreements are set to be formally announced during 2017.