Los-Angeles established Virgin Hyperloop One on Sunday signed a Memorandum of Understanding (MoU) with the Maharashtra government to build and create the world’s first operational hyperloop between Mumbai and Pune.

The Hyperloop One XP-1. Image: Virgin Hyperloop OneThe Hyperloop One XP-1.

Travellers who currently need roughly three-four hours to complete the 140-kilometre stretch can now wave their traffic woes goodbye as hyperloop is expected to cover the same within 14-25 minutes. Hyperloop does possess the capacity to reach higher speeds (up to 1,000 kmph), however as mentioned in a report from The Hindu Business Line, on this route, it would be restricted to roughly 350 km. This, though, will be increased to about 600 kmph in time.

The route is also anticipated to join Navi Mumbai International Airport that would make it easier for much more travellers. The foundation stone for the project was set by Prime Minister Narendra Modi at the Magnetic Maharashtra Global Business Summit at Mumbai.

What would be even bigger news is that India may become the first country to have an operational system, even as Dubai is a close second.

Richard Branson, Company Chairman and business tycoon, said that it would choose the job three years to complete the test conduct and roughly 7 years to begin commercial operations.

Interacting with journalists, he stated, “I have sat in Indian visitors whenever I have come here, it is not a nice experience, and if I had been an Indian a lot of my life would have been spent sitting in traffic jams. This is a miserable way of spending one’s life.”

Branson also included that the project will be “for the masses” rather than a premium priced service. Virgin Hyperloop One can be in talks with the Andhra Pradesh and Karnataka state governments to add projects in India.