Hyperloop Technologies changed its name to Hyperloop One to coincide with today’s successful propulsion open-air test (POAT) in North Las Vegas.
Hyperloop One assembled the leadership and resources necessary to attract more than 150 employees at its campus in Downtown Los Angeles and test and safety site in North Las Vegas, NV.
Positive government participation has been pivotal for Hyperloop One in Nevada. Fast-acting leaders at the City of North Las Vegas, Clark County and the State of Nevada were quick to see the potential in Hyperloop One and were instrumental in the rapid development of our test site in North Las Vegas.
Global partnerships will be vital to making Hyperloop One the next mode of transportation. Today we’re excited to announce a series of critical relationships with several world leaders in transportation, engineering, operations, architecture, construction, passenger and freight economics, station design and tunneling. Hyperloop One partners announced today include:
- AECOM, a global network of experts based in Los Angeles who develop and implement solutions to the world’s most complex challenges.
- AMBERG Group, with headquarters in Zurich, an expert in transportation infrastructure and tunnel planning and design to drive technical, economic and social development.
- ARUP, an independent firm of designers, planners, engineers, consultants and technical specialists that address today’s and tomorrow’s most challenging projects around the world.
- BJARKE INGELS GROUP/BIG, world-renowned architects, concept designers and future thinkers headquartered in New York.
- DEUTSCHE BAHN ENGINEERING AND CONSULTING, based in Berlin, offers consulting and engineering services for passengers and freight transport, from conception through to operation.
- KPMG, a worldwide presence in audit, tax and advisory services with global expertise in transportation strategy, procurement, financing and related services.
- SYSTRA, an international engineering and consulting group and world leader in public transport and high-speed rail infrastructure based in Paris.
The Company announced that Hyperloop One is participating in privately funded feasibility studies to examine the economic and social benefits of Hyperloop routes in Finland and Sweden. Hyperloop One is partnering with FS Links Ab, a company based in the Åland Islands in the heart of the Baltic region, to develop the technical, commercial and policy case for a strategic link between Stockholm and Helsinki. The Company is also participating in a feasibility study with Arcturan Sustainable Cargo of Los Angeles to determine how Hyperloop One can streamline the movement of containers from the ports of Long Beach and Los Angeles to reduce congestion and pollution. The company has recently joined with the founders of Cargo Sous Terrain in Switzerland to investigate how Hyperloop One can help create a completely tunneled cargo transport and logistics system throughout Switzerland.
In order to harness the most creative minds in making Hyperloop a reality, the company today announced the Hyperloop One Global Challenge. This is an opportunity for individuals, companies and governments to develop competitive proposals for using the first Hyperloop One solutions on transport corridors in their regions. The company will provide access to its expertise and ecosystem to help develop these concepts. The deadline for entries is September 15, 2016. Hyperloop One and an expert panel will select by March 2017 the projects that best demonstrate the transformative power of Hyperloop and are most likely to gain government, financial and regulatory support.
Organizations such as Connekt Netherlands, an independent network working to improve mobility in the Netherlands in a sustainable manner, have announced a Dutch National Hyperloop Competition with the objective of finding a winner.
The company also announced the closing of an $80 Million Series B Financing with ongoing investments from Series A investors Sherpa Ventures, EightVC, ZhenFund and Caspian Venture Partners. New investors in the Series B round include 137 Ventures, Khosla Ventures, Fast Digital, Western Technology Investment (WTI), SNCF, the French National Rail Company and one of the major forces behind high speed rail in Europe, and GE Ventures.
For more information on Hyperloop One and the Hyperloop One Global Challenge, please visit www.hyperloopchallenge.com.