Jumpstartfund’s Hyperloop Transportation Technologies, Inc. (HTT) announced on Wednesday it has signed an agreement for a feasibility study with a contract value of $2.5 Million with private investors and the Ministry of Transportation in Indonesia. The company claimed that the agreement marks the immediate exploration of the feasibility for a Hyperloop system for Indonesia, with an initial focus on Jakarta, and a full exploration of Hyperloop transportation connecting Java and Sumatra.
HTT reported that this is its first agreement in Southeast Asia and a multitude of similar government agreements is expected this year as the company continues to create private-public partnerships to develop route studies and necessary regulatory framework for its systems worldwide. The company has already achieved the following:
- Development of a route from Bratislava, Slovakia to Brno, Czech Republic.
- A research and development center in Toulouse, France.
- Development of a route connecting Abu Dhabi to Al Ain under the patronage of HH Sheikh Falah Bin Zayed Al Nahyan.
HTT also revealed:
“With a population of over 260 million, Indonesia is the fourth most populated country in the world. The city of Jakarta, with a population of over 10 million people, faces some of the worst traffic in the world with a commonplace daily four-hour commute. An estimated 70% of the air pollution comes from vehicles. A Hyperloop system would go to great lengths to help solve these issues. For example, a Hyperloop route from Jakarta to Yogyakarta would take approximately 25 minutes, compared to nearly 10 hours via automobile. Jakarta to neighboring Bandung would take 9 minutes, versus the current 2.5 hours, and a Hyperloop™ connecting Jakarta Soekarno-Hatta International Airport to the Jakarta city center would take 5 minutes, compared to 30 minutes.”
“Indonesia, and Jakarta in particular, is one of the most densely populated areas in the world. With traffic and congestion being such a big issue there, the Hyperloop will be a welcome transformation for the region.”
Dwi Putranto Sulaksono, Founder of The Dwiyuna Jaya Foundation, the local partner, also commented:
“The Hyperloop will affect the full spectrum of life, from business to quality of life to sustainability. We are happy to create this partnership with HTT which will create a positive impact for Indonesia.”
Dirk Ahlborn, CEO of HTT, added:
“We have been in negotiations directly with a wide multitude of governments around the world for over two years now. Now that we are ready to build our first system, developing the necessary regulatory framework is the most important step.”
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!