Hyperloop One has 245 million to advance

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On September 21, it was confirmed that Hyperloop One was able to secure $ 85 million in new financing rounds, totaling $ 245 million. This total is the culmination of 3 years of raising investors for the project.

This investment increases the project’s total valuation to 700 million dollars. Hyperloop One, so far, is the only company in the world with proven Hyperloop technology, and a Hyperloop system built. The company plans to maintain cooperation with governments and public-private partnerships.