ArrivoLoop
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China pours $1 billion into a 'Hyperloop' for cars
Just a day after Hyperloop TT announced a deal in China, another high-speed transport startup has done the same. Arrivo, Brogan BamBrogan's not-quite Hyperloop company, has entered into partnership with GTA a wholly-owned subsidiary of a company that's owned by the Chinese government. As part of the deal, GTA will offer up $1 billion worth of credit to back potential Arrivo projects worldwide.
Hyperloop is edging closer to reality
Plenty has happened in the five years since Elon Musk first published his white paper on a system he called hyperloop. Since releasing that manifesto to the world, hundreds of people and hundreds of millions of dollars have been put to work, all in the service of bringing Musk's retro-futurist dream of a vacuum tube for people to life. And despite being less than a fever dream half a decade ago, the pace of innovation is notably increasing, with 2018 already including several big announcements regarding its future.
Exiled Hyperloop One co-founder launches rival venture
The former co-founder of Hyperloop One has made his grand return to the world of firing people across the country in vacuum tubes. Brogan BamBrogan has announced the launch of Arrivo, a new company that'll develop technology based on Elon Musk's Hyperloop concept. It's the third such company to enter the fray, competing with Hyperloop One and Hyperloop Transportation Technologies.
