This uses permanent magnets arranged in a Halbach Array for levitation.
This method of levitating a pod is incredibly efficient and gets more efficient at higher speeds (in a vacuum). You can actually exceed typical rail efficiency (rolling resistance of 1:1000, i.e. an effective coefficient of friction of 0.001 or a lift-to-drag ratio of 1000) at 300m/s since levitation power remains basically constant above a certain speed (as opposed to increasing linearly in the case of friction or rolling-resistance). And because you're in a vacuum, you're far exceeding what could be possible in a non-hyperloop/vactrain design: https://www.google.com/patents/US20100064929