Hyperloop Transportation Technologies (HTT) has signed a Memorandum of Understanding (MOU) with the government of Andhra Pradesh to build India's first Hyperloop route. The proposed route will connect the cities of Amaravati and Vijayawada - a journey which currently takes more than an hour. According to HTT, with their high-speed transportation system, the journey time will be cut down to just 5 minutes.

The proposed project will use a Public Private Partnership (PPP) model and will receive funding primarily from private investors. In the first phase, HTT will conduct a 6-month feasibility study starting in the month of October. During this time, the best route will be identified by analyzing the surrounding cityscapes. Construction will begin in phase 2 of the project after the feasibility study.

HTT will also work with local stakeholders to build regulatory standards necessary for safe and efficient operation. Moreover, the public-private partnership is expected to generate 2,500 jobs.

Hyperloop is a high-speed transportation system that is currently in its early stages of development. The system consists of a capsule that hovers inside a tube with low air pressure. The remaining air in the front of the capsule is moved back through a compressor. The company claims that this capsule can reach speeds of up to 1,200 km/h in the tube.