Hyperloop One raises funds, to test futuristic transport system this year

Aiming for value: Brogan BamBrogan, Co-Founder and Chief Technical Officer of Hyperloop Technologies, said the company's engineering team is focused on finding efficiencies to reduce the cost of building a hyperloop. — Reuters

LAS VEGAS: Hyperloop One, a Los Angeles company working to develop the futuristic transportation technology, on May 10 announced the closing of US$80mil (RM323.08mil) in financing and said it plans to conduct a full system test before the end of the year. 

A hyperloop would whisk passengers and cargo in pods through a low pressure tube at speeds of up to 1,207 km/h.