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Virgin Hyperloop One
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Developer of vacuum tube transportation technology for moving passengers and/or cargo at airline speeds at a fraction of the cost of air travel

Founded in 2014
Founded in

Company type Private Public ()
Company type

Industry Group transportation & logistics

Sector rail

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Los Angeles, CA Los Angeles, United States
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Updated by Henri Vansoest at on 05/03/2017

Edited by Cleantech Group on 08/12/2021

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Date Partner Type
05/01/2018
Dubai Municipality Dubai Municipality
Partnership to develop a new startup, DP World Cargospeed, which will develop a hyperloop system specifically designed for transporting cargo.
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Confirmed by Dubai Municipality
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Date Investors Type Amount
05/14/2019 DP World Group of Dubai DP World Group of Dubai (1)
Post-money valuation of
This round has a target of $224 million and additional investors were not disclosed.
 Growth Equity $172,000,000
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