Hyperloop One, based in Los Angeles, is developing new technologies for future transportation systems. Recently, according to foreign media reports, the company said it has completed the latest round of financing, raised 50 million US dollars of funds, and also hired Uber former chief financial officer Brent Callinicos as full-time consultant.
The latest round of financing for Hyperloop One is Dubai World Port Company DP World in the United Arab Emirates. This round of $50 million in financing allowed Hyperloop One to raise $160 million in funding.
It is understood that the CEO of Dubai World Port Company will also join the board of Hyperloop One. In fact, as early as August of this year, the company had signed a cooperation agreement with Hyperloop One to discuss the establishment of the Hyperloop system in Dubai. The agreement plans to transfer containers from a ship docked in the port of Jebel Ali to a new inland container yard in Dubai , and to save the floor space of the port by connecting the port to an inland container transfer station.
Hyperloop One’s super high-speed rail project has also attracted a number of institutional investors. The current investors include Kosra Ventures, French National Railways, and General Electric.
In addition, the company also announced that it will fully test the Hyperloop system in the first quarter of next year.
Via bloomberg
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