While communications technology is increasing the pace of our lives at a rapid rate, transport speeds have remained largely constant – safe driving speeds and dated infrastructure slow us down on road and rail, while transatlantic flights are slower today than they were 20 years ago thanks to the demise of Concorde.

Flight is, of course, still the current fastest option, but one future transport solution called Hyperloop is promising to get us from A to B at speeds of up to 760mph – while keeping our feet firmly on the ground. The team behind Hyperloop are one step closer to achieving that after reaching speeds of around 240mph during a test on December 15th.

[Read more: Has Musk received government approval to build Hyperloop?]

What is Hyperloop?

Hyperloop is the name of the company behind a proposed passenger and freight transport service that would travel at a top speed of 760mph.

The new mode of transport is a pod-like vehicle that would be sent racing along rails within reduced-pressure tubes. These would use bilinear induction motors and air compressors to ride on an air cushion.

Click here to watch a Hyperloop prototype pod achieve magnetic levitation for the first time.

A company known as Hyperloop One is working on commercialising the concept.

What is Virgin Hyperloop One?

In December 2017, Virgin Hyperloop One, a company that has Sir Richard Branson as its non-executive chairman, set a new speed record with its hyperloop pod.

According to The Verge, it reached speeds of nearly 240 mph in tests in Nevada, which is a significant increase on the previous top speed of 192 mph. 

Branson said this new way of moving people at airline speeds could be operating in three to four years time. 


Who started Hyperloop?

Elon Musk, co-founder of electric car maker Tesla and founder of aerospace services company SpaceX, created the Hyperloop concept in 2012 and now has some 500 employees working on the project.

Elon Musk

However, Musk has no involvement with Hyperloop One, the company trying to commercialise the concept.

[Read more: Musk's Hyperloop dream takes a step towards reality with first public propulsion test]

Where will Hyperloop run?

Hyperloop is still very much in the testing phase but suggested routes have already been divulged by Hyperloop One.

Some 11 were outlined in the US but more recently nine across Europe have been put forward, with three of those in the UK.

One suggestion is London to Edinburgh, which would take 50 minutes, as well as other routes to Glasgow and Cardiff.

Dubai has also been shortlisted as a potential location.

When will Hyperloop launch?

Hyperloop One hopes to have a fully operational Hyperloop system in action by 2020.

However it would take a considerable amount of time to negotiate the implementation of Hyperloop with governments and costs would run into the billions, leading many experts to question whether it will ever happen.

[Read more: London to Manchester in 18 minutes? Hyperloop could be coming to the UK]