From Electrek: Dubai’s port funds Hyperloop One with $50 million to make hyperloop a reality

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Dubai’s port funds Hyperloop One with $50 million to make hyperloop a reality



Everything points toward Dubai, especially its port, being the first place to get a full-scale commercial hyperloop system. It was announced in August that DP World, one of the world’s biggest marine port operator, including of Dubai’s Port of Jebel Ali, inked a deal with Hyperloop One, the main company developing a hyperloop system, and DP World, in order to evaluate and develop a potential ‘Hyperloop cargo offloader’ at the port.

Now today DP World announced that it is investing $50 million in Hyperloop One to help the company complete its full-scale test track in Nevada and bring the concept one step closer to the first commercial system. more…

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