Hyperloop termed as the “fifth mode” of transportation by Elon Musk, the CEO of Tesla Motors and SpaceX. Recently Dirk Ahlborn, CEO of Hyperloop Transportation Technologies(HTT) reached an agreement with Slovakia for building the first Hyperloop there, one route possibly could connect the capital, Bratislava, with Vienna and Budapest with possible speeds up to 760mph .According to Wired, the estimated cost for the Hyperloop at Slovakia between $200m and $300m and be completed by 2020.
Competitions are also held by Musk through SpaceX as a sign of an encouraging hand for designing a prototype passenger pod for the Hyperloop.
High energy efficiency coupled with electric propulsion yield an energy elegant, carbon-free mode of transportation. And to enable on-demand transport, Hyperloop pods are much smaller than most planes and trains and are designed to depart as often as every 10 seconds.
In California, HTT’s rival Hyperloop Technologies is currently in the process of building a three-mile test track, which they hope to complete by the end of the year. Rob Lloyd, chief executive officer of Hyperloop Technologies, told CNN that their first commercial train could be ready as soon as 2021 or even 2020.