North Carolina's high-tech Research Triangle may get even more advanced in years to come.

The Tar Heel State announced on Friday that it is exploring options to bring Virgin Hyperloop One technology to the Raleigh-Durham-Chapel Hill corridor, which has grown into a hub for technology companies and research universities.

"You can literally begin to start thinking about the cities like they're metro stops," Jay Walder, the CEO of Virgin Hyperloop One, told Cheddar. North Carolina's inquiry makes it the ninth state to explore hyperloop as a potential regional transportation system.

"We have stopped our imagination somewhere around 1956, which is when the interstate highway system was created, and it is time to restart our imagination," Walder said.

Virgin Hyperloop One, which was developed by Virgin founder Richard Branson, is the first company to successfully operate a full-scale hyperloop vehicle system, which uses electric propulsion and electromagnetic levitation in depressurized tubes to propel vehicles at hundreds of miles per hour.

"Imagine being in a super-fast vehicle that is completely smooth, no turbulence moving at airline speed," Walder added.

Although still in its early stages, hyperloop technology is proving to be a far faster, safer, and more environmentally friendly alternative to traditional forms of transportation, according to the company.

"The Research Triangle area is uniquely positioned from a technology focus, spatial layout, and favorable mid-East Coast location to benefit from a hyperloop travel solution that could quickly link America's R&D cities of Raleigh and Durham with each other and with neighboring regions in the southeast and mid-Atlantic," Joe Milazzo II, the executive director of North Carolina's Regional Transportation Alliance, said in a statement.

Trips between Raleigh, Durham, and Chapel Hill are expected to be under 10 minutes, according Virgin Hyperloop One's initial estimates.

"You can take it a step further — Raleigh-Durham to Washington DC it just over 35 minutes," Walder told Cheddar.

<i>Cheddar</i>
Share:
More In Technology
Uber and Lyft Q4 Earnings Beat Expectations Despite Omicron Setbacks
Ride share competitors Uber and Lyft both posted their fourth quarter earnings days apart from each other. Both companies have been trying to get back on their feet after taking some pandemic-related hits, but the Omicron variant had other ideas as the year came to a close, with each company taking a hit in ridership in December. Lance Ippolito, head trader at The Future of Wealth explains how Uber and Lyft measured up this earnings period and why Uber may still have an edge over the competition.
Parallel Systems Working On Autonomous, Battery-Electric Rail Vehicles
Parallel Systems has been selected to receive $4.5 million from the Department of Energy for an advanced testing program of its autonomous, battery-electric rail vehicles. The startup, which has raised more than $53 million to date, was founded by former SpaceX engineers to reimagine the rail system by creating a more efficient, decarbonized freight network. Matt Soule, Co-founder & CEO of Parallel Systems, joined Cheddar's Opening Bell to discuss what the company hopes to achieve.
Load More