Hyperloop Transportation Technologies, the global specialist company in developing the next generation of sustainable high-speed travel, announces a company move from the research and development centre in Toulouse, France to Italy.

Hyperloop Transportation Technologies (HyperloopTT) has emerged as the technology provider in a collaborative venture between leading Italian industrial companies, Webuild and Leonardo.

To travel 350km between two cities in 30 minutes could become a reality in the next decade thanks to hyperloop technology, the transport system that combines the best of trains and planes to create a new means of transport.

HyperloopTT and Forest Road, a publicly traded special purpose acquisition company, have entered into a definitive merger agreement that is expected to result in HyperloopTT becoming a publicly listed company.

Hitachi Rail and HyperloopTT have achieved an important milestone towards the commercial running of the innovative system – that will be able to run at speeds of up to 1,200km/h – with the completion of proof of concept for a cloud-based ERTMS signalling system for HyperloopTT’s capsules.

HyperloopTT has announced a financial investment from Thornton Tomasetti, a leading global scientific and engineering consulting firm that provides specialized safety, security and risk management services.