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.Read more