Hyperloop One founder launches Own Company

BamBrogan did not say if he had hired anybody else or raised any venture capital. Arrivo is far behind Hyperloop One which had raised $50 million and was planning to raise $160 million in October. Hyperloop One has already identified potential routes and is planning a full scale test of its technology in April.

Arrivo is also lagging between Hyperloop Transportation Technologies or HTT which is planning to create a research and development center in France. News reports indicate that the crowd-sourced HTT has raised around $35 million and gotten land rights in a number of locations.

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Will Insane Lawsuit Threaten Hyperloop’s Future?

The suit threatens Hyperloop One because it was brought by one of the company’s founders; Brogan BamBrogan, and three top managers. BamBrogan was the company’s first CEO and chief technology officer, who resigned last month. He was also the brains behind much of the organization’s technology.

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Lloyd: Hyperloop Could Be up and Running by 2020

Pishevar thinks Hyperloop will have its Kitty Hawk moment next year. Kitty Hawk refers to the tiny town on North Carolina’s outer banks where Orville and Wilbur Wright first successfully tested their airplane.

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