Hyperloop One
ClosedMoving People and Cargo at the Speed of Flight
Los Angeles, United States · Founded 2014 · $449.0M raised
- Headquarters
- Los Angeles, California
- Employees
- 201–500
- Founded
- 2014
- Business Model
- B2G
- Website
- hyperloop-one.com
- Total Funding
- $449.0M
- Last Round
- $225.0M Venture RoundMay 2019
- Rounds
- 5
About
Hyperloop One (later rebranded as Virgin Hyperloop) was an American transportation technology company working to commercialize high-speed travel through low-pressure tubes using magnetic levitation. Founded in 2014 in Los Angeles by Shervin Pishevar, Brogan BamBrogan, and Josh Giegel, the company raised hundreds of millions of dollars and conducted successful proof-of-concept tests at its DevLoop facility in Nevada. It received backing from DP World and Virgin Group. After pivoting to freight-only in 2022 and losing the Virgin branding, the company failed to win any commercial contracts and ceased operations on December 31, 2023.
Summary
Hyperloop One is a Deep Tech company based in Los Angeles, United States, founded in 2014. It has raised $449.0M in total across 5 rounds, most recently a $225.0M Venture Round round in May 2019. Investors include DP World Group, Sherpa Capital and Caspian VC Partners.
Tech & App Stack
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Funding History
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May 2019
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Investors
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