A group of seven hyperloop companies have come together to form the first global association for the new, high-speed form of transportation.
Hardt, Hyperloop One, Hyperloop Transportation Technologies, Nevomo, TransPod, Swisspod Technologies, and Zeleros Hyperloop Association have signed a constitutive act to create The Hyperloop Association.
Hyperloop transportation systems consist of an autonomous, fully electric pod levitating and travelling at high speeds in a low-pressure environment. Hyperloop will significantly cut journey times of passengers and cargo between cities and countries and will be more energy efficient and sustainable than any current mode of mass transportation.
The Hyperloop Association aims to stimulate the development and growth of this emerging new transportation market, participate and support institutes in collaborating with government and regulatory agencies on transportation policymaking. Acting as a united entity representing the hyperloop industry, the newly formed association’s main goals will be to:
- serve as the point of entry for the sector, positioning itself as the go-to organisation for all hyperloop-related matters
- represent, advocate for, elevate and defend its members’ interests in all hyperloop endeavors
- leverage its expertise to provide guidance and insights to decision-makers and stakeholders on hyperloop and associated topics.
Based in Brussels, the Hyperloop Association will work closely with the European Commission, the European Parliament, Europe`s Rail Joint Undertaking, industry value chain stakeholders, research centres, and academia to advance the progress and facilitate the widespread implementation of the transportation system across Europe and globally.
The Hyperloop Association will be represented by Ben Paczek, CEO and co-founder of Nevomo, who was elected as the inaugural president of the organisation. “In the upcoming months, we expect major developments in the hyperloop space,” said Paczek. “The European Commission will initiate the work on the hyperloop regulatory framework which is a significant milestone for the industry, not just in Europe but worldwide.
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