Hyperloop accelerates to $80m series B

May 11, 2016 • Thierry Heles

GE and SNCF have participated in a series B round for vacuum tube-based transportation system developer Hyperloop One, previously known as Hyperloop Technologies.

US-based transportation system developer Hyperloop One closed an $80m series B round today from a consortium featuring GE Ventures, the corporate venturing subsidiary of conglomerate General Electric, and railway operator SNCF.

The round also included Sherpa Ventures, EightVC, ZhenFund, Caspian Venture, 137 Ventures, Khosla Ventures, Fast Digital and Western Technology Investment.

Founded in 2013, Hyperloop One is working on a transportation system that uses vacuum tubes to accelerate trains to the speed of sound. The technology could provide travel times…

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