DP World has returned to lead a $172m funding round for the advanced transport technology developer, having previously co-led a $50m round in 2017.
US-based transport technology developer Virgin Hyperloop One has raised $172m in funding from investors led by port terminal operator DP World, The Verge reported on Tuesday, citing a regulatory filing.
DP World provided at least $90m and made up part of a list of 80 investors, though none of the other participants were identified in the filing, which revealed Hyperloop One is seeking an additional $52.5m to close the round at approximately $225m.
Founded in 2014 as Hyperloop Technologies,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
