Challenges fuel global Hyperloop competitions

Just three months after sharing hugs, high-fives and champagne in the Nevada desert, 35 miles north of Las Vegas — which celebrated a successful public field test completed just days after $80 million in new Series B funding had been announced — the newly splintered leadership of high-powered startup Hylerloop One now finds itself on opposite ends of multiple lawsuits.

This, even as the well-connected startup racing to create “the fourth mode of transportation” continues to host the Hyperloop One Global Challenge, an international competition intended to identify and select locations around the world with the potential to develop and construct the world’s first hyperloop networks. Launched May 15 as an open online portal, the contest already has drawn over 500 entries from more than 80 countries, spread across six continents. As of last month, proposals are most heavily clustered in India, Western Europe, and the Eastern U.S. The submission portal closes Sept. 15.

Read the full story: http://www.builtworlds.com/news/2016/8/21/challenges-fuel-hyperloop-contests

by ROB McMANAMY