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Virgin Hyperloop One raises $172 million to advance FUTURE transportation dreams

Virgin Hyperloop One raises $172 million to advance FUTURE transportation dreams

Virgin Hyperloop One has raised $172 million in new funding to bring its futuristic transportation dreams to life, according to new filings with the United States government.
At least $90 million has come from existing investor DP World, a major Dubai port operator.

The hyperloop startup is also seeking up to $224 million in this equity sale, according to the filing. Eighty investors have contributed to the round, and specific investors weren’t named. The funding amount was disclosed in a new filing with the Securities and Exchange Commission on Tuesday, which was first reported by Crunchbase News.

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