# Hyperloop Transportation Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hyperloop-transportation-technologies

- Industry: Transportation Services
- Headquarters: Culver City, US
- Website: www.hyperlooptt.com
- Total disclosed funding: $37M
- Latest round: Series B (May 1, 2016)
- Investors on record: 1

## About

Based in California, US, and founded in 2013 by Dirk Ahlborn and Bibop Gresta, Hyperloop Transportation Technologies Inc. In February 2018, the company received a venture funding round led by Tony Jamous, an individual investor. To date, more than 603 individuals including more than 200 professionals from 44 companies in 38 countries have contributed time and resources to developing HTT’s technology, sales, engineering, design, and implementation. Contributing companies include Catalyst, an Austrian innovative software developer, and PriestmanGoode, a travel and transport design consultancy.

Hyperloops main operation is its development of a high-speed tube-based transportation system designed to serve inter and intra-city transport using a new low burn rate crowd-powered approach. The company's hyperloop system utilizes a vacuum tube design with a drastic reduction of air in the tube, enabling passengers and goods to move at unprecedented speeds safely, efficiently, and sustainably.

## Funding rounds

- Series B, May 1, 2016, $26M — ACME Capital
- Series A, Feb 1, 2015, $11M — ACME Capital

## Investors

- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Series A, Series B