Hyperloop Transportation Technologies now has more than $100 million in total investment

Several companies have offered their in-kind services includes composites manufacturer Carbures Europe SA.

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Hyperloop Transportation Technologies Inc. (HTT) announces investments totaling more than $100 million. Specifically, the company has raised an equity investment of $31.8 million, and total in-kind and land value investments of $77 million. HTT says that several companies have offered their in-kind services includes composites manufacturer Carbures Europe SA.

"Carbures is a leading expert in composite fuselages, and the HTT system is taking advantage of existing technologies we have developed," says Carbures Chairman and Cofounder Rafael Contreras. 

Founded in 2013 by California-based JumpStarter Inc., two weeks after publication of Elon Musk's whitepaper and utilizing JumpStartFund's crowd collaboration platform, U.S.-based HTT is a global team focused on removing barriers of speed and congestion in transportation. Initially, the company is focused on building a functional five-mile test track in Quay Valley, Calif., between Los Angeles and San Francisco.

In addition, HTT has reached an agreement with Slovakia to serve as a hub in developing an Hyperloop line connecting Vienna, Bratislava, and Budapest.

HTT is also researching an east-west line between Bratislava and Kosice, Slovakia’s two largest cities, on opposite ends of the country, 250 miles apart. The estimated the 25-minute trip by Hyperloop is more than 10 times faster than the current trip of 4.5 hours by car.

HTT is one of the first growth companies to globally crowdsource the launch and development of its business and products. To date, more than 603 individuals including more than 200 professionals from 44 companies in 38 countries have contributed time and resources to developing HTT's technology, sales, engineering, design and implementation.

"Hyperloop Transportation Technologies is more than a company, it is a movement," says HTT CEO Dirk Ahlborn. "We have many people who followed their passion and joined the company at the beginning, working for equity making the company worth of millions."

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