Tata Steel and TuTr Hyperloop collaborate: Tata Steel and TuTr Hyperloop signed a Memorandum of Agreement (MoA) on December 23, 2022 at IIT Madras to work together on the development and widespread application of Hyperloop technology. The primary study topics will concentrate on the most important design and material selection problems.
December 2022 Current Affairs Quiz
Tata Steel and TuTr Hyperloop’s Hyperloop Technology: Key Points
- A high-speed, affordable, sustainable option for transportation of both people and goods is the hyperloop. Key components of the hyperloop system include tubes, capsules, propulsion systems, and track.
- Levitated autonomous pods move through a system of evacuated tubes. It promises to be 10 times more energy-efficient than rail and road transportation, utilise 2-3 times less area, and offer quicker journey times than flight.
- Tata Steel’s key areas of expertise are the design and development of steel and composite materials.
- Tata Steel has chosen Hyperloop as an ideal breakthrough technology in the field of future mobility, in keeping with its strategy aim to produce future-ready sustainable business.
- A leader in this field, TuTr, a deeptech business based in India’s IIT Madras, promises a cheap hyperloop solution as its primary value proposition.
- TuTr excels at designing propulsion systems and pods. Designing, developing, and scaling up the technology for commercialization are the shared goals of Tata Steel and TuTr.
- The phase-I activity will take place on the 50-meter test track at IIT Madras.
- Phases II and III will see the completion of the ensuing work to create a 10-km track with the assistance of a group of additional industrial partners from the automotive, construction, and engineering sectors.
About TuTr Hyperloop
The development of hyperloop technologies is the focus of the deep tech startup TuTr Hyperloop. It aims to offer consumers quick, dependable “on-demand” transportation that is less expensive and more environmentally friendly than traditional forms of transportation. The first hyperloop test track in India (and Asia) is currently being constructed on the IIT Madras Discovery campus. TuTr hopes to use its collaboration with IIT Madras and proximity to India’s greatest deep tech ecosystem to spur the creation of affordable Hyperloop technologies that will improve a variety of sectors’ productivity by addressing their problems with the flow of goods.
About Tata Steel
The 34 million tonnes of crude steel that the Tata Steel Group can produce annually places it among the top steel producers in the world. With activities and a global commercial presence, it is one of the most geographically diversified steel producers in the world. Consolidated sales for the group was US$32.83 billion for the fiscal year that ended March 31, 2022.
