Hyperloop one to shut down after failing to reinvent transit
Once a high-profile startup, Hyperloop One raised more than $450 million since its founding in 2014, according to PitchBook.
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Once a high-profile startup, Hyperloop One raised more than $450 million since its founding in 2014, according to PitchBook.
The company had captured the public’s imagination since its founding in 2014, a year after Elon Musk released a white paper outlining a vision for hyperloop technology. The concept was a tantalizing promise of a new kind of transportation technology — and an end to traffic.
High-speed transportation firm Hyperloop One is shutting down its operations from December 31, after failing to obtain a commercial project.
Hyperloop One, the company testing a proposed high-speed transportation system in the Nevada desert, is reportedly shutting down.Bloomberg reports that the comp
Hyperloop One, the company testing a proposed high-speed transportation system in the Nevada desert, is reportedly shutting down.Bloomberg reports that the comp