Tata Steel Ltd.

Tata Steel and TuTr Hyperloop signed a Memorandum of Agreement (MoA) at IIT Madras to jointly work on development and deployment of Hyperloop technology at scale. The main research areas will focus on key challenges of design and materials selection.

Hyperloop is a future option for high-speed, low cost, sustainable transport system for both passengers and cargo. The Hyperloop system has key elements such as tubes, pods, propulsion systems, and track. Autonomous, levitated pods travel through a network of evacuated tubes. It promises 10x more energy-efficiency than road transport and aviation, uses 2-3x less space than rail and road, and enables shorter travel duration than aviation.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.