GE Ventures returned to contribute to a series B-1 round that valued the advanced transport network developer at $700m, bringing its overall funding to $245m.
US-based transport system developer Hyperloop One completed an $85m series B-1 round yesterday that included GE Ventures, the corporate venture capital vehicle for industrial and power technology producer General Electric.
The round also featured Caspian VC Partners, a branch of diversified holding company Summa Group, as well as crowdfunded investment platform OurCrowd and VC firms Western Technology Investment and Khosla Ventures.
Hyperloop One claims to be the only company in the world to have built a full-scale Hyperloop system, the…
