Hyperloop Transportation Technologies

Overview

• Industryhigh-speed rail¹
• HeadquartersCulver City¹
• Websitehyperloop.global
• Legal formcorporation¹

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Hyperloop Transportation Technologies, also known as HyperloopTT, is an American research company formed using a crowd collaboration approach (a mix of team collaboration and crowdsourcing) to develop around the world commercial transportation systems based on the Hyperloop concept. The concept of the Hyperloop was popularized in 2013 by Elon Musk, not affiliated with HyperloopTT. The project was to develop a high speed, intercity transporter using a low pressure tube train which would reach a top speed of 800 miles per hour (1,300 km/h) with a yearly capacity of 15 million passengers.²

Timeline

1. 2013Founded Founded¹

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA⁵. Matched to this company by name and state.

1. Apr 10, 2020$260.9K PPP loan (first draw) from City National Bank⁵To HYPERLOOP TRANSPORTATION TECHNOLOGIES, INC., Culver City CA; $263.7K forgiven May 28, 2021
2. Mar 3, 2021$305.0K PPP loan (second draw) from City National Bank⁵To HYPERLOOP TRANSPORTATION TECHNOLOGIES, Culver City CA; $307.8K forgiven Feb 7, 2022

Links

• Websitehyperloop.global¹
• X (Twitter)x.com/hyperlooptt¹
• Facebookwww.facebook.com/hyperlooptt¹
• Instagramwww.instagram.com/hyperlooptt¹
• WikipediaHyperloop Transportation Technologies
• WikidataQ18350567