Hyperloop One, $ 80 million to test the propulsion of travelers in the middle of the desert

by bold-lichterman

The Hyperloop Technologies project is shifting into high gear. Renamed “Hyperloop One”, the futuristic fad of Elon Musk, founder of Tesla Motors and SpaceX, announced that it had completed the second part of its funding plan, with $ 80 million raised. After a first funding round of $ 26 million at the end of 2015, the company, which is working on a very high-speed transport capsule, had given itself one month to reach its goal of 80 million.

It will therefore have finally taken six months to convince its historical investors (Sherpa Ventures, EightVC, ZhenFund, Caspian Venture Partners) and new ones such: 137 Ventures, Khosla Ventures, Fast Digital, Western Technology Investment (WTI), GE Ventures, Partech Ventures and… the SNCF which does not comment on the information.

hyperloop-one2The rebranding can be explained for at least two reasons. Hyperloop One must first describe the new full-scale and “open air” propulsion test that will take place in the north of Las Vegas, in the middle of the desert. The Hyperloop tube, in which the passengers must settle, operates on a magnetic levitation technology. It would connect San Francisco to Los Angeles in less than 30 minutes, at a speed of around 1,200 km / h. The project would cost 8 billion dollars, according to the American press. For the development of the interior of the capsule alone, the company expects $ 255,000, preciseshe does.

Then, Elon Musk probably also wants to differentiate his project from a similar one, Hyperloop Transport Technologies (HTT), founded by Dirk Ahlborn and Bibop Gresta.

Founded in 2014 in Los Angeles, Hyperloop (Technologies) One also attracts partnerships with manufacturers. In addition to the SNCF, on the site The project also includes consultants and engineers from Deutsche Bahn, the audit firm KPMG, but also French engineers from Systra.

Hyperloop Transport Technologies

Credit: Hyperloop One