te Hyperloop start-up Arrivo to shut down: Report | Zee Business

Hyperloop start-up Arrivo to shut down: Report

A start-up named Arrivo formed by ex-Hyperloop One executives is winding up operations after laying off all employees in November as it sought new funding

Hyperloop start-up Arrivo to shut down: Report
A start-up named Arrivo formed by ex-Hyperloop One executives is winding up operations after laying off all employees in November as it sought new funding. Source: Reuters

A start-up named Arrivo formed by ex-Hyperloop One executives is winding up operations after laying off all employees in November as it sought new funding, The Verge has reported.

Based in Los Angeles, Arrivo Corporation was working to commercialise Hyperloop -- a proposed mode of transportation, first used to describe an open-source vactrain design released by a joint team from Elon Musk-owned Tesla and SpaceX. 

Arrivo was started in 2017 by former SpaceX engineer Brogan BamBrogan, who was also a co-founder of Musk`s company Hyperloop One, the report said on Friday. Two of BamBrogan`s fellow co-founders had resigned in the months before the furloughs and the announcement that Arrivo was ceasing operations.

TRENDING NOW

One of the co-founders of Arrivo, Andrew Liu, left the company in October, said his LinkedIn profile. "In November, they moved to a more standard maglev model, in that their development plans no longer contained an essential component of a hyperloop -- the vacuum tube.

"Instead of transporting people or goods through a vacuum-sealed tunnel, Arrivo was developing something that more closely resembles high-speed magnetic levitation technology," said the report.
 

Written By: IANS
Updated: Sat, Dec 15, 2018
03:25 pm
IANS
RELATED NEWS
Faster than Bullet Trains! India may do a world's first, launch Hyperloop system; this is how it works in brief Faster than Bullet Trains! India may do a world's first, launch Hyperloop system; this is how it works in brief
BKC to house hyperloop station after accommodating Metro corridors, bullet train terminal BKC to house hyperloop station after accommodating Metro corridors, bullet train terminal
Hyperloop test track soon to test viability of Pune-Mumbai route Hyperloop test track soon to test viability of Pune-Mumbai route
Travel at 1000 kmph? Hyperloop to make it possible; first test track soon Travel at 1000 kmph? Hyperloop to make it possible; first test track soon

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x