DP World and Caspian Venture Capital provided the funding ahead of a planned series C round for Virgin Hyperloop One, which has now raised $295m in total.
Port terminal operator DP World Group and venture capital firm Caspian Venture Capital co-led a $50m funding round for US-based transport technology developer Virgin Hyperloop One on Monday.
The funding comes ahead of a planned series C round, the company said. Richard Branson, founder of conglomerate Virgin, has been named chairman of the company, which recently rebranded from Hyperloop One following an investment by Virgin in October 2017.
Founded in 2014, Virgin Hyperloop One is working on a…
