Rakuten on December 23.
Tesla CEO Elon Musk's Hyperloop One is facing closure.
According to foreign media disclosures, Hyperloop One has laid off most of its employees and is trying to ** the remaining assets, including test tracks and machinery. At the beginning of 2022, Hyperloop One also had more than 200 employees.
Hyperloop One also closed its Los Angeles office. The remaining workers who oversaw the assets** were told that their employment would end on December 31.
Dubai-based DP World Group has been supporting and majority-owned Hyperloop One since 2016. A person familiar with the matter said the startup's remaining intellectual property will be transferred to DP World.
Founded in 2014, Hyperloop One was a high-profile startup that has raised a total of 4$500 million. Hyperloop One also built a small test track near Las Vegas to develop its transportation technology, and was once known as the Virgin Hyperloop One after Richard Branson's Virgin investment. Virgin Atlantic scrapped its brand last year after deciding to focus on cargo rather than people.
The reason for the setback of Hyperloop One is that it never won the contract to build a working hyperloop. Hyperloop One has had its own problems, among which co-founder Brogan Bambrogan once found a noose in his chair when he went to work.
Another co-founder, venture capitalist, Shervin Pishevar, resigned after alleged sexual harassment allegations. Former director Ziy**udin Magomedov *Charges of fraud and**.
The more important reason is that Hyperloop One has lost the support of its financiers. That year, after Branson criticized Saudi Arabia, Saudi Arabia canceled its planned project with Hyperloop One, and Branson resigned as chairman.
Lei Di was founded by ** Lei Jianping, if ** please in**.