News
High-Speed Freight Link Hyperloop One To Shut Down
The high-tech transportation system was planned to connect Europe and China.
Founded in 2014 with the goal of building a high-speed freight link between Europe and China, Hyperloop One is reportedly shutting down.
Following a paper in 2014 by Elon Musk about his vision for hyperloop transport systems, the project intended to carry cargo along the length of its route in just a single day. The company planned to carry cargo and people in pods traveling through sealed metal tubes at aircraft-like speeds.
From 2017 until 2022, the company was known as Virgin Hyperloop One due to an investment from Richard Branson’s Virgin Group. However, Virgin pulled out last year when Hyperloop One decided to abandon plans to transport passengers. The company has now laid off over 100 staff members due to its change in priorities.
Also Read: Aramex And Regent To Develop Electric Seagliders
According to news outlet Bloomberg, Hyperloop One never secured a contract to build a working hyperloop system, and all remaining employees will be gone by December 31.
News
AltoVolo Opens Orders For Limited Edition Sigma eVTOLs
Early buyers can now reserve build slots for AltoVolo’s 500-mile hybrid aircraft through a new online configurator.
AltoVolo has started taking pre-orders for its first electric vertical take-off and landing aircraft, the Sigma, moving the startup closer to commercial rollout. Customers can now secure a build slot with a £860 deposit and customize every detail online — from paintwork to seatbelt stitching. It’s the first configurator of its kind for a civilian eVTOL, mirroring how luxury car brands let clients tailor performance models before production.
The Sigma runs on a hybrid-electric tilting jet system built for long range and low noise. It can travel up to 500 miles at a 220-mph cruise, and is over 80% quieter than a helicopter. The three-seater weighs just 980kg and can maintain stable flight even if one jet fails. Safety systems include triple-redundant controls, thrust-vectoring stability and a ballistic parachute.
“We will be delivering an ultra-refined hybrid electric aircraft,” said founder and CEO Will Wood. “We believe there are thousands of customers for this type of cutting-edge technology”.
The first 100 units will come with exclusive materials and finishes. AltoVolo is also setting up a global service and maintenance network, with early planning for overhaul schedules already underway. The company’s focus on ownership experience echoes its ambition to anchor itself alongside established aviation brands rather than pure tech ventures.
To help new owners train, the company has built a full-scale simulator that replicates the Sigma cockpit in carbon fiber and leather. Pilots can log time toward a license using the system, aligned with the new US MOSAIC rules that ease certification for powered-lift aircraft. Certification work in Europe and the UK continues in parallel, signaling growing international alignment around light sport and eVTOL regulation.
Also Read: Snapchat Opens Qatar Office To Deepen Gulf Presence
Noise inside the cabin has become another design focus. Engineers are refining internal vibration levels and developing a responsive soundscape that shifts with each jet’s power load — part feedback, part theatre.
Urban air mobility projects across the Gulf and elsewhere are pushing regulators and manufacturers to meet in the middle. Dubai, Riyadh and Doha have each outlined plans for air taxi corridors this decade. AltoVolo’s hybrid Sigma, sitting between electric promise and aviation realism, looks built for that middle ground.
