Tuesday, May 10, 2016

Hyperloop One Raises $80M, Inks Infrastructure Partnerships

Los Angeles-based Hyperloop One--formerly, Hyperloop Technologies--said late Monday that it has raised $80M in a Series B financing round, and inked a list of infrastructure partners. The company, which also said it is conducting its first, open-air test of its propulsion system tomorrow in North Las Vegas, said the funding came from Sherpa Ventures, EightVC, ZhenFund and Caspian Venture Partners plus 137 Ventures, Khosla Ventures, Fast Digital, Western Technology Investment (WTI), SNCF, the French National Rail Company, and GE Ventures. Hyperloop One is led by Rob Lloyd, and the company's Executive Chairman is Shervin Pishevar. In addition to the funding, Hyperloop One said it has inked partnerships with AECOM, AMBERG Group, ARUP, BJARKE INGELS GROUP/BIG, DEUTSCHE BAHN ENGINEERING AND CONSULTING, KPMG, and SYSTRA around various elements of its efforts to develop its high speed transportation systems. More information »

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