The new round of funding came from Dubai’s DP World and Russia’s Caspian Venture Capital. Axios, which first reported the story, called the money a lifeline for a company so low on cash that the jobs of some 300 employees were at stake.
The company has raised $295 million since its 2014 founding.
Other Hyperloop Companies
The Boring Company led by Elon Musk. Elon created the original Hyperloop designs.
Arrivo Corp. led by BamBrogan and other former Hyperloop One employees.
Virgin Hyperloop One has recently set a new speed record of 240 mph at its test site in Las Vegas.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.