IIT Madras team to present Hyperloop blueprint to Elon Musk

A group of engineering students from IIT Madras -- Avishkar Hyperloop -- have got selected to the final round of SpaceX Hyperloop Pod competition 2019. The event will be held in July this year in Los Angeles, California. The group of students, who beat 20 other finalists, to present their hyperloop idea, will be sponsored by P2P lending firm RupeeCircle.

Working together at the Center for Innovation (CFI), the student innovation lab in IIT Madras, a group of engineers, designers and business analysts came together to form Avishkar Hyperloop. According to a report by the Business Standard, their aim was to design and develop a new mode of commute -- the hyperloop.

The concept of commuting through hyperloop was the brainchild of billionaire industrialist Elon Musk, who is the founder of Tesla and SpaceX. Musk believes that hyperloop has the potential to transform the entire transportation industry.

Notably, the competition is sponsored by SpaceX with the goal of spreading awareness on the idea and invite the best minds from across the world to work on developing the concept.