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Zeleros raises €7 million in financing for development of hyperloop in Europe



Zeleros Hyperloop has completed a financing round worth more than €7 million for the development of its version of hyperloop, a new system for long-distance passenger and cargo transportation.


Zeleros raises €7 million in financing for development of hyperloop in Europe

(25/06/2020) 

Zeleros has the support of Altran Spain; Grupo Red Eléctrica; international investors such as Goldacre Ventures (United Kingdom), Road Ventures (Switzerland) and Plug and Play (USA); and the Spanish Angels Capital and MBHA Group. The funds received will be used to spur further development of Zeleros’ hyperloop vehicle and its core technologies, and they will allow the demonstration of these systems in a real environment of operation.


The next step will be the deployment of the European Hyperloop Development Centre in Spain, including a test-track to demonstrate the effectiveness of its technologies at high speed. The aim of this project is to accelerate the development of the hyperloop industry in Europe by creating an ecosystem of international industrial, technological and institutional partners.

 


 
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