The team of 25 students, the only one from Asia which qualified in the final round along with 19 teams, will present its pod design to SpaceX founder Elon Musk. Hyperloop ideally is a concept wherein a pod travels in a vaccum tube and there is magnetic levitation, and no mechanical friction. The competition gives us a one mile long vacuum tube and the whole point is to achieve maximum speed in that distance. The teams come with innovative ideas by attaining top speed with their pods," the IIT-M student explained. The project, which cost the team nearly ₹1 crore to complete (to design and build the pod), also has P2P (peer-to-peer) lending firm RupeeCircle as a financial partner.

Source: Mint June 13, 2019 05:48 UTC