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Hyperloop One Makes History With World’s First Successful Hyperloop Full Systems Test

12Jul By AdityaNo Comments

News, USA

Hyperloop One Makes History With World’s First Successful Hyperloop Full Systems Test

Hyperloop One today announced the successful completion of the world's first full systems Hyperloop test in a vacuum environment. This test was Phase 1 of a multi-phase program and was privately conducted on May 12, 2017 at the company's test track, 'DevLoop' in the Nevada Desert. The vehicle coasted above the first portion of the track for 5.3 seconds using magnetic levitation and reached nearly 2Gs of acceleration, while achieving the Phase 1 target speed of 70mph. The company is now entering the next campaign of testing, which will target speeds of 250 mph. "Hyperloop One has accomplished what no one has done before by successfully testing the first full scale Hyperloop system. By achieving full vacuum, we essentially invented our own sky in a tube, as if you're flying at 200,000 feet ...

Elon Musk Are You Listening, No local Sourcing Required For Manufacturing in India

23May By PriyankaNo Comments

News

Elon Musk Are You Listening, No local Sourcing Required For Manufacturing in India

The government today clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here. The commerce and industry ministry through its Make in India Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. .@elonmusk With respect to news reports on launch plans of Tesla in India being delayed, please note some key clarifications#MakeInIndia pic.twitter.com/9RFICGM9Kk — Make in India (@makeinindia) May 23, 2017 As per the policy, after ma...

Bengaluru Firm Chosen For Building Hyperloop Pod Prototype

12May By Press Trust of IndiaNo Comments

News

Bengaluru Firm Chosen For Building Hyperloop Pod Prototype

Hyperloop India has tied up with a city-based Workbench Projects to build the prototype pod that will feature in the global design competition for the super fast transportation system using magnetic levitation technology. "Hyperloop India team has partnered with us to build the prototype pod in Bengaluru by the end of July. The building work will start from May 22. This will mark India's entry into the international Hyperloop race," Workbench Projects founder and CEO Pavan Kumar said today. Hyperloop India comprises more than 80 students from BITS Pilani, Indian School of Business and IIM-Ahmedabad, and their scaled down pod prototype 'OrcaPod' has been selected for the final stage of SpaceX's Hyperloop Pod Design competition, he told PTI. OrcaPod, being developed by Hyperloop Ind...

Elon Musk SpaceX Rocket Lifts Off Secret US Military Satellite

1May By reutersNo Comments

News, USA

Elon Musk SpaceX Rocket Lifts Off Secret US Military Satellite

A SpaceX Falcon 9 rocket lifted off from Florida on Monday, carrying the company's first satellite for the U.S. military, and breaking a 10-year monopoly held by a partnership of Lockheed Martin and Boeing. The 23-story tall rocket took off from its seaside launch pad at Kennedy Space Center at 7:15 a.m. EDT. It will put into orbit a classified satellite for the U.S. National Reconnaissance Office, an agency within the Defense Department that operates the nation's spy satellites. Nine minutes after takeoff, the rocket's main section touched down on a landing pad at Cape Canaveral Air Force Station, just south of NASA's spaceport. Last month, Space Exploration Technologies Corp flew its first recovered booster on a second mission, a key step in company founder Elon Musk's quest ...

Hyperloop One Unveils its Vision for America, Details 11 Routes as a Part of Global Challenge

8Apr By AdityaNo Comments

USA

Hyperloop One Unveils its Vision for America, Details 11 Routes as a Part of Global Challenge

Executives from Hyperloop One joined leading policymakers and transportation experts here today to reveal details of select Hyperloop routes in the United States and to initiate a nationwide conversation about the future of American transportation. Of more than 2,600 participants in the Hyperloop One Global Challenge, 11 teams presented routes, linking 35 states and covering more than 4,200 miles. They join 24 other teams from around the globe, each vying to be among 12 finalists. Three eventual winners will work closely with Hyperloop One engineering and business development teams to explore project development and financing. "Hyperloop One is the only company in the world building an operational commercial Hyperloop system," said Rob Lloyd, Chief Executive Officer of Hyperloop One....

Tesla Raises $1.2 Billion, 20 Percent More Than Planned

19Mar By reutersNo Comments

FUNDING

Tesla Raises $1.2 Billion, 20 Percent More Than Planned

Tesla said on Friday it had raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan. The company, led by Elon Musk, said it sold 1.3 million common shares at $262 apiece to raise $350 million and that it raised another $850 million though the sale of convertible senior notes due 2022. The electric car company said on Wednesday it planned to sell $250 million worth of stock and $750 million in notes. Tesla had been expected to raise capital since late last year, with the expectations gaining steam last month after Musk said the company could be "close to the edge" on cash needs. Musk had Tesla was considering a number of options, including raising capital, to reduce ri...

Hyperloop One and Indian Government Officials Lead First-Ever Summit on Hyperloop Technologies

1Mar By AnkitaNo Comments

News

Hyperloop One and Indian Government Officials Lead First-Ever Summit on Hyperloop Technologies

Hyperloop One, the global leader in developing the world's first operational Hyperloop, convened a landmark innovation summit – The Hyperloop One Vision For India in New Delhi today. The summit, which was graced by Shri Suresh Prabhu, Hon'ble Minister of Railways and Shri Amitabh Kant, CEO, NITI Aayog, discussed how Hyperloop One can integrate with and augment India's vast transport network with reliable, clean, and on-demand autonomous transport, connecting India's major cities at faster-than-airline speeds. Hyperloop can reinvent and transform transportation in India, making the nation a global leader in innovation, efficiency, and regional economic growth. The Hyperloop concept has generated excitement and interest from start-ups around the world since it was first proposed in 20...

SpaceX Aborts Launch After ‘Odd’ Rocket Engine Behaviour

19Feb By reutersNo Comments

News

SpaceX Aborts Launch After ‘Odd’ Rocket Engine Behaviour

SpaceX aborted its planned Dragon cargo launch to the International Space Station just seconds before liftoff today due to a "slightly odd" technical issue with the Falcon 9 rocket engine. The delay was made "out of an abundance of caution," a SpaceX spokesman said, and came a day after engineers discovered a small helium leak in the engine's second stage. "All systems go, except the movement trace of an upper stage engine steering hydraulic piston was slightly odd," SpaceX chief executive officer Elon Musk said on Twitter after the launch was scrubbed. "Standing down to investigate." Musk added that the issue was "99 per cent likely to be fine." "But that one per cent chance isn't worth rolling the dice. Better to wait a day." The next launch attempt is scheduled for 9:38 am tomo...

How Much Profit ISRO Made on The Launch of World Record 104 Satellites?

16Feb By PriyankaNo Comments

INDIA

How Much Profit ISRO Made on The Launch of World Record 104 Satellites?

Yesterday, ISRO (India Space Research Organisation) has launched record 104 satellites beating Russia's record which was 37 satellites in one go. The record launch has established more credibility of ISRO in international space market. Apart from technology and its 100% successful foreign satellite launches, ISRO also challenging other international players on the pricing point. As per the data available, for a satellite launch SpaceX (company owned by Elon Musk) charge around USD 60 million, while ISRO charged an average of USD 3 million per satellite between 2013 and 2015. Last year in FY16, ISRO made 239 crore through commercial launch. The forex revenue for ISRO's commercial arm, Antrix Corporation, went up 204.9 percent in 2015. In 2016, ISRO launched 10 Indian satellites and 22...

Samsung Electronics to Supply Chips to Tesla Motors

10Dec By reutersNo Comments

News

Samsung Electronics to Supply Chips to Tesla Motors

Samsung Electronics Co Ltd will supply semiconductors to US electric car maker Tesla Motors Inc, South Korea's Electronic Times reported on Friday citing unnamed sources. Samsung would contract manufacture chips for self-driving features in Tesla vehicles, the paper reported, without putting a value on the order. The South Korean firm has been trying to build auto-related sales for components such as semiconductors and displays in a push to develop a new growth engine. Samsung in November said it would acquire Harman International Industries (HAR.N) for USD 8 billion in a bid to grow quickly in the automotive market. Samsung did not immediately comment on the report, while Tesla could not be immediately reached for comment.

We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

8Dec By AnkitaNo Comments

Entrepreneurs Talk

We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

Elon Musk-backed Hyperloop Transportation Technologies (HTT) Co-Founder Bibop G Gresta today said the company is ready to build Hyperloop between Mumbai and Pune, but the decision is left with Union Transport Minister Nitin Gadkari to go ahead with the project. "Gadkari has a proposal to build the Hyperloop on his table and he has to take a decision. If he wants to go ahead with it, we are ready, and it will be a feasibility study to begin with to lay line between Bombay (Mumbai) and Pune," he told PIXR8 here on the sidelines of the Carnegie Global Technology Summit 2016 here. Hyperloop runs faster than an aircraft at a speed of 1,120 kmph. Asked about the regulatory challenges to build Hyperloop in India, Gresta said Gadkari, during the meeting, had expressed the Indian Government's w...

Elon Musk’s SolarCity Sued By Khosla Ventures & Cogenra Solar

27Sep By reutersNo Comments

News

Elon Musk’s SolarCity Sued By Khosla Ventures & Cogenra Solar

Elon Musk's SolarCity has been accused of intellectual property theft by Cogenra Solar, a wholly owned subsidiary of SunPower Corporation, and Khosla Ventures. In a lawsuit filed in San Francisco on Monday, the parties accused SolarCity of gaining undue advantage of Cogenra's Shingling technology that helps in manufacturing high-efficiency commercially viable solar panels. SolarCity and its subsidiary Silevo misappropriated Cogenra's trade secrets, manufacturing processes, and other intellectual property to give themselves a competitive advantage and head start in developing shingled-cell solar modules, Cogenra said in the lawsuit. SolarCity said that last week it discovered that a former SolarCity employee had unlawfully downloaded confidential information, copied that informatio...