Chennai, May 11, 2022: Indian Institute of Technology Madras Students’ Team Avishkar Hyperloop has received investment from global pure-play engineering services provider L&T Technology Services Limited (LTTS) to develop innovations in the Hyperloop landscape. LTTS is providing funding & technical support to Team Avishkar on their Hyperloop project.
LTTS will enable Team Avishkar to further gain traction on its breakthrough disruptions in the emerging domain of Hyperloop-based transportation solutions for futuristic commuting experience.
The Leadership Team of L&T Technology Services and IIT (Madras) along with Team Avishkar
The Hyperloop model proposed by Team Avishkar can achieve a top speed of over 1,200 kilometres per hour. It is completely autonomous, safe, and clean. The team is spearheading Hyperloop Tube research in India and has already patented a novel and cost-effective tube design. Hyperloop has been a buzzword in India for the last few years. Several companies have proposed routes including Mumbai-Pune and Chandigarh-Amritsar.
Commenting on this project, Prof. V. Kamakoti, Director, IIT Madras, said, “The vacuum tube, when developed, will be the first of its kind in academia anywhere globally and would be on par with the test facility of the commercial entity, Virgin Hyperloop One in the U.S.A. As such, ours would be the only one of its kind available in public, which we intend to utilize to organize international Hyperloop competitions.”
Avishkar Hyperloop is a student team from the Centre for Innovation, IIT Madras, focusing on revolutionizing transportation with Hyperloop technologies. It is a 70-member strong interdisciplinary team, drawing members from 11 different academic disciplines.
Amit Chadha, CEO & MD at L&T Technology Services (Left) with Prof. V. Kamakoti, Director, IIT Madras
Prof. Mahesh Panchagnula, Dean (Alumni and Corporate Relations), IIT Madras, said, “CSR funds invested in developing sustainable technology solutions is the only way to be ready for tomorrow’s challenges. We are excited that LTTS has chosen this route.”
Team Avishkar is aiming to build the world's largest student-developed Hyperloop testing facility at IIT Madras and is hoping to complete the construction of this 500-metre-long Hyperloop facility by this year. This facility will be constructed at Discovery Campus, the Satellite campus of IIT Madras located about 35 km from the main campus.
Speaking about this Project, Mr. Amit Chadha, CEO and Managing Director, L&T Technology Services Limited, said, “The future of everyday commuting will be determined by the innovations and disruptions that we as a human race pursue today. LTTS, with its focus on ER&D and digital engineering, is committed to pushing the boundaries of modern transportation. As an engineering organization, we always look forward to rendering support to academic institutions on R&D activities in upcoming technologies.”
About IIT Madras
Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an ‘Institute of National Importance.’ The activities of the Institute in various fields of Science and Technology are carried out in 16 academic departments and several advanced interdisciplinary research academic centres. The Institute offers undergraduate and postgraduate programs leading to B.Tech., M.Sc., M.B.A., M.Tech., M.S., and Ph.D., degrees in a variety of specializations. IITM is a residential institute with more than 600 faculty and 9,500 students. Students from 18 countries are enrolled here. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell.
Recognized as an Institution of Eminence (IoE) in 2019, IITM has been ranked No.1 in the ‘Overall’ Category for the third consecutive year in India Ranking 2021 released by National Institutional Ranking Framework, Ministry of Education, Govt. of India. The Institute has also been ranked No.1 in the ‘Engineering Institutions’ category in the same Rankings for six consecutive years – from 2016 to 2021. It was also adjudged as the ‘Top innovative Institution’ in the country in Atal Ranking of Institutions on Innovation Achievements (ARIIA) in 2019, 2020 and 2021. ARIIA Ranking was launched by the Innovation Cell of Ministry of Education.
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About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 20,800 employees spread across 17 global design centers, 28 global sales offices and 89 innovation labs as of March 31, 2022. For more information, please visit https://www.ltts.com/