HTT and Deutsche Bahn Partner to Build "Innovation Train"

Jumpstartfund'sHyperloop Transportation Technologies Inc. (HTT) has agreed to collaborate with Deutsche Bahn to create an "Innovation Train": a conventional train that will use new technologies being developed by HTT for the Hyperloop to increase efficiency and bring a modern digital presence to today's train transportation.

HTT's unique approach to creating the Hyperloop system has led to the development of additional technologies such as augmented reality windows and a digital ecosystem through its community. These developments will supplement the train technology Deutsche Bahn is known for building around the world. The partnership is part of HTT's goals of making transportation enjoyable and profitable again by implementing more forward-thinking technologies into traditional ones.

The project, which starts August 2016, will utilize Hyperloop Transportation Technologies crowdsourcing and community collaboration, while implementations will be financed by Deutsche Bahn. The project is broken down into phases including research, usage scenarios, design concepts, design finalization and implementation. The train will be ready for passengers to test the new technologies by the beginning of 2017.

"One of the biggest issues in public transportation is the need for public subsidies," said Dirk Ahlborn, HTT CEO. "New technologies and new ideas, can create a better passenger experience while solving these issues through new monetization strategies and business models, with the Hyperloop and all other forms of transportation."

"We have combined our strong development capabilities for digital technology with Hyperloop Transportation Technologies in order to integrate new ideas and innovative prototypes into our local passenger train service," said Christoph Kraller, managing director of the SOB. "The creation of a digital travel companion in cooperation with Hyperloop continues our steady progress forward."

"We see this partnership as a validation of the technology we're developing and as proof that the nature of our business model is working," said HTT Chairman Bibop Gresta. "Our company structure lends itself to more collaborative partnerships that are attractive to forward-thinking organizations like Deutsche Bahn."