Virgin Hyperloop One - Exisiting Shares Available

Categories Securities, Unissued Securities
Sale Type Asking Price
Price Guide USD POA
Status: Open

Summary:

Virgin Hyperloop One formerly known as Hyperloop Technologies, Inc was founded in 2014 and is headquartered in Los Angeles, California. Hyperloop One, Inc. designs and develops Hyperloop, a tubular transit system that relies on magnetic levitation technology to transport passengers and cargo between two points at much greater speed, efficiency and sustainability compared to typical high speed trains, planes, cars and other modes of transport. Feasibility studies and testing are currently under way in multiple locations around the world. Both Elon Musk and Richard Branson have been heavily involved throughout the project. 

Key Business Highlights

  • A total of US$295M has been raised, first raise in 2014 and last Dec 2017
  • Virgin and Hyperloop one developed a strategic partnership on October 12, 2017
  • Entered a memorandum of understanding with the Government of Maharashtra to build a hyperloop between Mumbai and Pune
  • In 2018 the Spanish Government signed a deal to open the First European hyperloop development facility

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