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From Electrek: Hyperloop startup announces $30 million investment, claims total raised over...

Discussion in 'News from Electrek.co' started by RSSFeed, Dec 1, 2016.

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    Hyperloop startup announces $30 million investment, claims total raised over $100 million based on some unconventional math

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    While Hyperloop One, the main startup developing hyperloop technologies and deployment projects, is moving full steam ahead with its test track in Nevada and several full-scale projects around the world, another startup called Hyperloop Transportation Technologies, Inc. (HTT) is also trying to carve itself a place in the space.

    Hyperloop One has been taken more seriously than HTT since it has been backed with more money from serious investors, but today the company announced that Hyperloop One is not the only hyperloop company capable of raising capital and confirmed a $30 million round of investment and a $100 million total investment to date, but that’s based on some unconventional math to say the least. more…

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