Hyperloop Raises $50 Million—In 13 Years High Speed Rail Raise $0 From Private Sources

By Stephen Frank : calpolitics – excerpt

The High Speed Rail concept has been trying to raise private funds for more than 13 years—yet not a dime of private money has been invested.  In fact, the Bond measure that gave us this boondoggle said they had to raise equal amounts from the private sector before beginning the process—like everything else, they lied… (more)

Hyperloop One raises $50 million despite lawsuit, and adds finance adviser

by : venturebeat – excerpt

Hyperloop One is working on a transportation technology that can make trains go as fast as 760 miles per hour. And today, the company said it has raised $50 million from the port of Dubai and others to explore building a high-speed transportation system to move cargo.

The deal comes on a previous announcement to explore building a high-capacity passenger transport system in Moscow and a $80 million funding in May. The company was able to close that deal and add a new chief financial adviser in spite of bad publicity from four former high-ranking employees who accused Hyperloop One’s of corporate misgovernance in a lawsuit(more)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s