News / Hyperloop One nets $50m more investment as first full transport system test looms

Revolutionary transport system Hyperloop One has netted $50m in investment from DP World.

The port operator’s investment will fund continuing research and development of the technology as it competes with rival hyperloop developer Hyperloop Transportation Technologies (HTT) to bring PayPal founder Elon Musk’s vision to reality.

DP World chairman and chief executive Sultan Ahmed Bin Sulayem will join Hyperloop One’s board. He said: “The world is changing quickly and we want to be involved in the potential this kind of innovation presents, connecting markets and economies around the ...