Hyperloop companies launch first international The Hyperloop Association

Hyperloop companies launch first international The Hyperloop Association

The Articles of Association were signed by the seven founding companies last December. The Royal Decree establishing the Association is expected in the coming weeks, followed by an official announcement of the Association.

Hyperloop companies Hardt, Hyperloop One, Hyperloop Transportation Technologies, Nevomo, TransPod, Swisspod Technologies, and Zeleros form “The Hyperloop Association”, the first global association within the hyperloop industry. 

Hyperloop is a new high-speed transportation system consisting of an autonomous, fully electric pod that floats and travels at high speeds in a low-pressure environment. Hyperloop will dramatically reduce travel times for passengers and cargo between cities and countries, and will be more energy efficient and sustainable than any current mode of mass transportation.

The Hyperloop Association aims to stimulate the development and growth of this emerging new transportation market, and to participate in and assist institutions in working with government and regulatory bodies on transportation policy. As a unified entity representing the Hyperloop industry, the primary goals of the newly formed association will be to:

  • serve as the point of entry for the sector, positioning itself as the go-to organization for all hyperloop-related matters
  • represent, advocate for, elevate and defend its members' interests in all hyperloop endeavors
  • leverage its expertise to provide guidance and insights to decision-makers and stakeholders on hyperloop and associated topics

The Hyperloop Association will be represented by Ben Paczek, CEO and co-founder of Nevomo, who has been elected as the organisation's first president.

In a statement on the association’s next steps, Ben Paczek said: “In the upcoming months, we expect major developments in the hyperloop space. The European Commission will initiate the work on the hyperloop regulatory framework, which is a significant milestone for the industry, not just in Europe but worldwide. The Hyperloop Association is looking forward to collaborating with European and international institutions, as well as industry stakeholders on this landmark occasion and showcasing hyperloop technologies as a feasible cutting-edge, safe, and environmentally sustainable mobility solution of tomorrow”.

Based in Brussels, the Hyperloop Association will work closely with the European Commission, the European Parliament, the European Rail Joint Undertaking, industry value chain stakeholders, research centres and academia.

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