If Richard Branson has his way in India, hyperloop travel could turn out to be cheaper than a flight ticket.
Virgin Hyperloop One, the futuristic transportation company backed by the British tycoon, wants to build a network of high-speed pods that can carry people and cargo across India. It’s looking to price the ride at less than what airlines charge in a market where air travel is growing at the fastest pace in the world. But, fares will still be more expensive than first-class train coaches, Harj Dhaliwal, Hyperloop One’s managing director for Middle East and India, said in an interview.
“India is a super price sensitive market,” he said. “We are in the process of price modeling. We want to keep fares as low as possible to stimulate demand but not so cheap that will drive away financial or private investors from the project.” Read More