Hyperloop Transportation Technologies (HTT), a project being managed by the Jumpstartfund, has taken another step forward with the announcement of the base technology for the levitation system. According to a report from HTT, the “passive magnetic levitation,” originally developed at the Lawrence Livermore National Labs (LLNL) by Dr. Richard Post and his team, has been exclusively licensed by the project. HTTT and LLNL have been working together during the past year to build the test system need to power and launch the Hyperloop transportation vehicle.
“I had the honor of meeting with Dr. Post in 2014 prior to his passing,” said Dirk Ahlborn CEO of Jumpstartfund and Hyperloop Transportation Technologies, Inc. “He saw the Hyperloop transportation system as the perfect fit for this technology and was excited to see it become part of the project.”
“Utilizing a passive levitation system will eliminate the need for power stations along the Hyperloop track, which makes this system the most suitable for the application and will keep construction costs low,” stated Bibop Gresta, COO of HTT. “From a safety aspect, the system has huge advantages, levitation occurs purely through movement, therefore, if any type of power failure occurs, Hyperloop pods would continue to levitate and only after reaching minimal speeds touch the ground.”
The Hyperloop project is using a crowdsourcing model. The team is working with organizations, universities and students to develop on top of their existing IP. HTT was founded in 2013 by JumpStarter, utilizing JumpStarter’s crowd collaboration platform the JumpStartFund.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!