Other companies too? see https://docs.google.com/spreadsheets/d/1imiTt4iGmGfdW5Pcf1DhLi5fER52pHgAeDosjZ31bA8/edit?usp=sharing
Founded 2013
First hyperloop company to go public
Raised over $485 million as of May 2019
focused on developing and licensing hyperloop technology, rather than being a train operator itself. (now)All projects: - Commercial prototype Veneto, Italy (Hyper Transfer)- R&D centre Tolouse, France (full scale test track, full scale passenger capsule)- Feasibility study Great Lakes USA- HyperPort Hamburg, GermanyConstructing test tracks and systems for testing:- HTT has a 320-meter test track system in Toulouse, France where they plan to begin integrating their full-scale passenger capsule for human trials in 2020. - Building a 2nd full-scale 1 km elevated test system expected to be completed in 2019.Pursuing commercial hyperloop projects:- HTT's first commercial hyperloop project is a 10 km track planned in Abu Dhabi, United Arab Emirates, with construction expected to start in Q3 2019 and operations aimed for Expo 2020.- Signed an MOU with Andhra Pradesh in India to build a hyperloop line between Vijaywada and Amaravati, starting with a 6-month feasibility study.- Another potential route identified is between Bratislava, Slovakia and Brno, Czech RepublicAdvancing the technology and system design:- HTT is working on developing and integrating their passive magnetic levitation system and 30-meter passenger capsules designed to carry 28-40 passengers at up to 1,223 km/h.- Focus is on optimizing the capsule design, levitation technology, and other core hyperloop systems through testing and refinement.Securing funding and partnerships:- Operates as a public-private partnership model, relying primarily on private investment for project funding.- Maybe prioritize securing financial backing, investors and government partnerships for their planned commercial hyperloop routes.Regulatory approvals and feasibility assessments:- For proposed routes like India and Europe, HTT conducts feasibility studies and works towards obtaining necessary permits and regulatory approvals to proceed with construction- Actively involved in efforts to establish regulatory frameworks and technical standards for hyperloop
ProsCrowd-sourced innovation model:- HTT operates on a crowd collaboration approach, leveraging a global team of over 800 contributors across 40 countries. Allows them to tap into a diverse pool of expertise and ideas, potentially driving innovation.- Collaborative & crowsourcing early + older in the industry so they know many places & project ideas that will & won't work + MANY strong connections/partnerships around the world in several transporation areasHighly involved in regulations making:- Will basically be the makers of hyperloop regulations due to their close involvement & connections w transportation agenciesProducing revenue:- Some profitability w all the partnerships & tech dev from them + patents- annual revenue was [$4 million](https://rocketreach.co/hyperloop-transportation-technologies-inc-profile_b5ff8074f707c8c0#:~:text=What is the annual revenue,was %244 million in 2024.) in 2024- money & development model: building MANY partnerships to solve their R&D problems instead of paying lots of money for their engineers to figure it out over timeCons- patent conflictsSlower progress compared to claims:- Frequently missed their own ambitious timelines and forward-looking statements, such as plans for an IPO in 2015, a demonstration track in 2016, and operational systems by certain dates. Their actual progress seems slower than projected.Lack of operational commercial system:- As of early 2024, HTT does not appear to have any operational, revenue-generating hyperloop system in place, unlike some competitors like Virgin Hyperloop that have test passenger operations.Financial constraints and uncertainties:- Being a crowd-sourced venture, HTT may face challenges in securing the massive capital required to build full-scale commercial hyperloop systems and infrastructure.Technical risks and uncertainties:- Like all hyperloop companies, HTT faces significant technical hurdles in areas like high-speed levitation, depressurization risks, emergency evacuations, and integrating all sub-systems safely