One of the companies pioneering hyperloop transport technology is opening a global logistics base in Brazil.
Hyperloop Transportation Technologies (HyperloopTT) featured on these pages last year when it agreed a deal with the city of Toulouse in France to open a centre for testing the levitated tube system designed to hit speeds in excess of 700mph.
As well as advancing a concept first put forward by Elon Musk, HyperloopTT’s overarching ambition is to shape the future of transport. And its new XO Square facility in Contagem, Minas Gerais, is intended to support its desire to be at the vanguard of developing global logistics networks. It will bring together startups, companies, innovators, scientists and universities working to transform public transportation and be home to HyperloopTT’s fabrication lab and logistic research division.
“We set out to fix transportation nearly five years ago, yet there are many issues that need to be solved beyond building the Hyperloop. Ecosystems like XO Square are critical to helping us solve these challenges together,” said Dirk Ahlborn, CEO of HyperloopTT.