hyperloop

  • Hyperloop Transportation Technologies claims more than $100 million in total investment

    Hyperloop Transportation Technologies claims more than $100 million in total investment

    Hyperloop Transportation Technologies (HTT), the counterpart startup to Hyperloop One, which is also building a prototype of Elon Musk’s hyperloop system, says it has raised a little over $108 million dollars to build the tech aiming to zip us from San Francisco to Los Angeles in under half an hour. To be clear, the company has raised a total of $31.8 million in cash from investors… Read More

  • Hyperloop One has settled the lawsuit with former co-founder Brogan BamBrogan

    Hyperloop One has settled the lawsuit with former co-founder Brogan BamBrogan

    Hyperloop One tells TechCrunch it has just settled an ongoing lawsuit brought against the company by its former co-founder Brogan BamBrogan and several former employees. BamBrogan, David Pendergast, William Mulholland and Knut Sauer filed the lawsuit against the company this summer, claiming the technology they built was being “strangled” by the venture capitalists who had… Read More

  • Crunch Report | First Hyperloop Will Be Built in UAE

    It’s looking like the first Hyperloop will be built in the UAE, Facebook is testing a job openings feature, Tesla plans to increase manufacturing automation by acquiring Grohmann Engineering, LeEco is hopeful that it can put the company’s finances back on track and Uber rival Karhoo shuts down. All this on Crunch Report. Read More

  • Hyperloop One will build the first Hyperloop system to go from Dubai to Abu Dhabi in twelve minutes

    Hyperloop One will build the first Hyperloop system to go from Dubai to Abu Dhabi in twelve minutes

    Hyperloop One and the United Arab Emirates are on the fast track to building out the first hyperloop system. Just today H1 announced it would build the first commercial hyperloop transportation system from Dubai to Abu Dhabi. The journey is 99 miles (159.4 km) long and normally takes about two hours by car but H1 promises it would take a mere 12 minutes in the hyperloop. H1 is partnering with… Read More

  • What we learned about Elon Musk’s Mars plan in his Reddit AMA

    What we learned about Elon Musk’s Mars plan in his Reddit AMA

    Elon Musk, founder and CEO of SpaceX, hosted a Reddit “Ask Me Anything” this afternoon. He noted that the AMA should focus on SpaceX’s plans for Mars, which Musk revealed during the International Astronautical Congress last month. This will be under /r/spacex, not the general AMA. Meant to be supplemental to the IAC talk. — Elon Musk (@elonmusk) October 23… Read More

  • Hyperloop One gains $50 million in funding from DP World Group of Dubai

    Hyperloop One gains $50 million in funding from DP World Group of Dubai

    Hyperloop One is getting even cozier with its partners in the United Arab Emirates. The futuristic transportation system that aims to ship things and people faster than a speeding plane just pulled in $50 million in strategic investment led by DP World Group of Dubai, bringing up the total raised to $160 million. DP World Group is the third-largest ports operator in the world and has… Read More

  • Shervin Pishevar: The first Hyperloop will likely be built overseas

    Shervin Pishevar: The first Hyperloop will likely be built overseas

    Shervin Pishevar, well-known venture capitalist and co-founder in the two-year-old L.A.-based futuristic transportation company Hyperloop One came to TechCrunch Disrupt today to chat about shooting across the world people and things — faster than the speed of sound. But just how soon will we see that happen? Pishevar says his team is “full steam ahead” to get us there by 2021… Read More

  • Here’s a first look at the SpaceX Hyperloop test track

    Here’s a first look at the SpaceX Hyperloop test track

    While Elon Musk isn’t building a Hyperloop transportation system himself (he clearly has a lot on his plate already), SpaceX is building a test track for Hyperloop pods from others. SpaceX is hosting a Hyperloop Pod Design Competition for student and engineering teams, and 23 winners were selected earlier this year to build their pod prototypes and race them on the test track, a 1-mile… Read More