HyperLoop Transport Raises $890M Series D

HyperLoop Transport

Commercial hyperloop transportation system achieving 600 mph speeds for cargo and passenger transport between major cities.

$890M

Series D

Valuation

$13.2B

Headquarters

Los Angeles, CA

Employees

920

Sector

Transportation

About the Funding

HyperLoop Transport has successfully raised $890M in a Series D funding round, bringing their total valuation to $13.2B. This significant investment will fuel the company's mission to complete los angeles-san francisco route, advance international projects, and develop autonomous pod technology.

Use of Funds

Complete Los Angeles-San Francisco route, advance international projects, and develop autonomous pod technology

Company Overview

Commercial hyperloop transportation system achieving 600 mph speeds for cargo and passenger transport between major cities.

Key Investors

• Virgin Group
• SpaceX Ventures
• Softbank Vision Fund
• DP World

Founders

• Alex Martinez
• Dr. Priya Singh

Previous Rounds

Series C

$500M

2024-01-28

Series B

$280M

2023-06-15

Series A

$150M

2022-12-20

Market Impact

This funding round positions HyperLoop Transport as a leader in the Transportation space, with the capital to accelerate innovation and expand their market presence. The investment reflects growing confidence in transportation solutions and the company's potential to transform the industry.