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Source: Twitter

Hyperloop One Receives Boost In Funding For Underground Transport

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Excitement for the growing underground transportation industry continues to explode with investors giving an additional $85 million in funding to Hyperloop One. For perspective, the company has now raised $245 million since launching three years ago. They join Elon Musk’s Boring Company in an effort to bring alternative transportation to the world.

Investors for the round of funding that took place in September include DP World, Caspian VC Partners, WTI, and OurCrowd.com. According to Recode, Hyperloop One is now valued at $700 million. Shervin Pishevar, the company’s executive chairman and co-founder, said they were expected to raise $50 million and ended up getting $35 million more.