Hyperloop

Key tech investor leaves VC firm amid harassment claims

San Francisco - AFP

Shervin Pishevar, an early Uber investor and a founder of high-speed transport startup Hyperloop One, said Thursday he is breaking ties with his Silicon Valley venture capital firm to fight sexual harassment allegations. The decision came less that two weeks after the prominent tech industry investor took a leave of absence from Sherpa Capital, Virgin Hyperloop One and the boardsRead more

Study into feasibility of building Hyperloop between Abu Dhabi and Al Ain begins

Abu Dhabi - Arab Today

An American hyperloop company aims to cut the journey time between Abu Dhabi and Al Ain to as little as eight minutes. Abu Dhabi’s Department of Municipal Affairs and Transport signed an agreement on Monday with Hyperloop Transportation Technologies to explore locations for stations and tracks within the next few months. The company is a rival to Hyperloop One, anotherRead more

Hyperloop One to conduct full system test this quarter

Abu Dhabi - Arab Today

The first full systems test of Hyperloop One is expected to take place in the first quarter of the year, and the UAE is one of the company’s priority countries in which to deploy the superfast transportation technology, a senior executive at developer company Hyperloop One said in the capital on Wednesday. The systems test will take place at theRead more

Dubai port titan invests in futuristic Hyperloop train

San Francisco - AFP

Shipping port industry colossus DP World Group of Dubai on Thursday joined backers of a US startup working on the futuristic super-speedy train concept Hyperloop. DP World Group, the third-largest port operator in the world, led a $50 million round of investment in Hyperloop One, according to the company. A breakdown of the funding was not disclosed, but Hyperloop OneRead more

Of low-cost futuristic transport

Berlin - Arab Today

Is it a plane, is it a train? No, say supporters of Hyperloop, a futuristic mode of transport floated by Silicon Valley billionaire Elon Musk that promises high-tech, high-speed and cheap travel over long distances. It may sound like the stuff of science fiction, but developers insist their dream of passengers seated in pods shooting through a tube above theRead more

Legal drama could knock Hyperloop off track

New York - Arab Today

A Hyperloop One co-founder is suing the startup and accusing former colleagues of nepotism, threats and mismanagement, igniting a drama that could stall the company devoted to revolutionizing transport systems. Brogan BamBrogan, who left the company in June,was among complainants in a civil suit filed in a California state court on Tuesday. "It became apparent that those in control ofRead more

French national rail backs futuristic Hyperloop

Las Vegas - Arab Today

Hyperloop One startup, intent on zipping people along at near-supersonic speeds in pressurized tubes, announced Tuesday that the French national rail company had joined its growing list of backers. Hyperloop One said that it raised $80 million in fresh funding from an array of investors, including GE Ventures and France's SNCF. "The overwhelming response we've had already confirms what we'veRead more