Still tied up in litigation between founders over various allegations of seedy misdeeds, Hyperloop One nonetheless looks like a great business investment to some, given its promise to make traveling and moving cargo between places hyper-fast and efficient.
How do we know? Today, the Los Angeles-based company said it has closed a new $50 million round of funding, bringing its total VC haul so far to $160 million. It also announced it has brought on former Uber CFO Brent Callinicos as a strategic advisor.
Hyperloop One has said it expects to start moving people and cargo within five years, likely in areas of the world with less regulation than the United States. DT