The
concept of Hyperloop was floated by Elon Musk, founder of Tesla and
SpaceX, and has the potential to revolutionise the transportation
industry.
Avishkar
Hyperloop, a team of engineering students from IIT
Madras, have been shortlisted for the final round of SpaceX
Hyperloop Pod competition 2019 to be held in Los Angeles, California
in July 2019. P2P lending firm RupeeCircle will sponsor the group’s
mission. The IIT students beat 20 other finalists in the competition.
Avishkar
Hyperloop is comprised of a group of enterprising engineers,
designers and business think tanks who work together at the Centre
For Innovation (CFI) – a student innovation lab at IIT Madras –
with the goal of designing and developing a new mode of transport,
the Hyperloop.
The
concept of Hyperloop was floated by Elon
Musk, founder of Tesla and SpaceX, and has the potential to
revolutionise the transportation industry.
The
competition itself is sponsored by SpaceX to create awareness and
bring the best minds in the world together to work on the concept.
Avishkar
Hyperloop team from IIT Madras has cleared the Preliminary Design
Briefing among hundreds of participants across the globe and are
preparing for the final round to be held in Los Angeles, California.
RupeeCircle
Founder and CEO, Ajit Kumar said, “We aim to be at the forefront of
technology that would impact the global business landscape and would
continue promoting initiatives that can benefit the masses.
At
this outset, it is a privilege to be a part of this talented and
innovative group of people and support them in innovative solutions.
As a start-up we are aware of the hurdles that innovators face on
their quest to success, and that’s the reason why RupeeCircle
decided to team up with Avishkar and support them in the monetary
aspect of their mission”.
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