Tata Steel and TuTr Hyperloop have signed a Memorandum of Agreement (MoA) at IIT Madras to jointly work on developing and deploying Hyperloop technology at scale.
The main research areas will focus on key design and materials selection challenges, a press release from Tata steel said.
Dr Debashish Bhattacharjee, Vice President, Technology and New Materials Business, Tata Steel, said, “We encourage and foster homegrown technologies and are committed to drive them towards commercial success.”
Globally, Hyperloop holds huge potential for high-speed sustainable transportation of tomorrow, he said.
“As a materials company committed to sustainable business, we will contribute to finding solutions to critical challenges in the Hyperloop journey by leveraging our R&D capabilities and the Tata ecosystem,” he added.
R Balaji, Co-founder and CEO, TuTr Hyperloop, noted that the company is currently developing and testing various options to make the Hyperloop technology solution a global benchmark in terms of cost and efficiency.
“To meet this objective, we need to leverage the capabilities of global leaders like Tata Steel. Partnership with Tata Steel will enable us to solve materials and design related challenges and drive Hyperloop to become a reality,” he added.
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