About Hyperloop sector in North America
The Hyperloop sector in North America comprises 38 companies, including 5 funded companies having collectively raised $1.29B in venture capital money and private equity. Out of these, 3 are Series A+ funded.
This sector includes companies designing and building prototypes and management tools for the hyperloop ecosystem.
Hyperloop sector is also known as Hyperloop Train.
Companies involved in the R&D, design, manufacturing, and testing of hyperloop technologies including infrastructure, capsules, propulsion, components, etc. and companies providing transportation services utilizing hyperloop technology. Also, includes teams designing and building prototypes for hyperloop competitions. Companies developing and providing components and technologies not specific to the hyperloop industry. Also, excludes companies providing ancillary and construction services across multiple industries.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
Also known as
Hyperloop Train
Top Hyperloop Companies in North America
There are 38 Hyperloop startups in North America which include HyperloopTT, Hyperloop One, TransPod, MIT Hyperloop, Texas Guadaloop. Out of these, 5 startups are funded, with 3 having secured Series A+ funding.
Over the past 10 years, an average of 1 new company has been launched annually. Notably, several of these startups have been founded by alumni of Cornell University, Carnegie Mellon University and Massachusetts Institute of Technology.
Here is the list of top Hyperloop startups in North America
1. HyperloopTT
Developer of hyperloop technology and transportation services. It develops pressurized capsules floating on a frictionless magnetic cushion within the tubes traveling at speed of 760mph with 25-50 seater capacity. The capsules are engineered and designed for ultra-high speeds by using cutting-edge composite materials. It has developed a new fuselage skin called Vibranium which is built with carbon fiber and embedded sensors, this smart material transmits critical information regarding temperature, stability, integrity, and more.
Key facts about HyperloopTT
- Founded Year: 2013
- Location: Los Angeles (United States)
- Stage: Series B
- Total Funding till date: $30M
- Investors: Lauder Partners, U First Capital and 8 Others
- Latest Funding Round: Seed, Jun 08, 2022, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 1 of 61 Competitors
Hyperloop One (previously known as Hyperloop Technologies) is developing the technology and hardware to make Hyperloop a reality. They design, build and test Hyperloop as suggested by Elon Musk. Successfully tested a propulsion prototype in May 2016. Plans to start with goods transport. Plan to have a fully operational model by 2020.
Key facts about Hyperloop One
- Founded Year: 2014
- Location: Los Angeles (United States)
- Stage: Series D
- Total Funding till date: $658M
- Investors: DP World, Zhen Fund and 50 Others
- Latest Funding Round: Series D, May 13, 2019, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 1 of 61 Competitors
3. TransPod
TransPod develops Hyperloop transportation. It offers a unique IP developed by TransPod brings the infrastructure cost down to the same as current high-speed transportation systems. It uses fundamental physics and engineering, aerodynamics, electromagnetics, theory, and computation to provide an optimized transportation system.
Key facts about TransPod
- Founded Year: 2015
- Location: Toronto (Canada)
- Stage: Series D
- Total Funding till date: $580M
- Investors: Angelo Investments, Broughton Capital Group and 2 Others
- Latest Funding Round: Series D, Mar 29, 2022, $*****
- Tracxn Score: 41/100 What is this?
- Competitors Rank: 5 of 61 Competitors
MIT Hyperloop is a project based on Hyperloop concept in which passengers can be ground transported at a top speed of 760 mph. Hyperloop pods will travel in evacuated tubes above the ground that reduces the force of atmospheric air so that the passengers can be transported at top speed with low energy consumption. Selected for SpaceX Hyperloop Pod Competition to test their Hyperloop pods on SpaceX's one-mile long test track in Summer 2017. MIT came third in the competition. A final phase of the competition is set for summer 2017.
Key facts about MIT Hyperloop
- Founded Year: 2015
- Location: Cambridge (United States)
- Stage: Unfunded
- Tracxn Score: 30/100 What is this?
- Competitors Rank: 8 of 61 Competitors
Guadaloop designs an electrical pod for the Hyperloop transport concept. It uses air bearing technology to levitate and achieve low friction within the Hyperloop tubing. The company was awarded for Innovation Award in Hyperloop Pod Competition II and IV.
Key facts about Texas Guadaloop
- Founded Year: 2015
- Location: Austin (United States)
- Stage: Unfunded
- Tracxn Score: 29/100 What is this?
- Competitors Rank: 9 of 61 Competitors
Companies founded year-on-year in the Hyperloop sector in North America
7 Hyperloop startups in North America were founded in 2016 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | 1 |
2020 | - |
2019 | 1 |
2018 | - |
2017 | 1 |
2016 | 7 |
Stage-wise distribution of Hyperloop sector companies in North America
Out of the total 38 Hyperloop companies in North America, 5 have secured funding. Among them, 3 have reached Series A or higher, and 3 to Series B or beyond.
Founded - 38
Funded - 5
Series A+ - 3
Series B+ - 3
Series C+ - 2
Company Stage | No. of companies |
|---|---|
Founded | 38 |
Funded | 5 |
Series A+ | 3 |
Series B+ | 3 |
Series C+ | 2 |
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Funding Trends in the Hyperloop sector in North America
Total funding year-on-year in the Hyperloop sector in North America
The Hyperloop sector in North America saw a total funding of more than $1.29B in the last 10 years. The most amount of funding was in 2022 at more than $550M.
- Total Funding
Year | Total Funding |
|---|---|
2022 | $550M |
2021 | - |
2020 | - |
2019 | $172M |
2017 | $228M |
Recent Funding Rounds in Hyperloop in North America
In the year 2022, till June 2022, Hyperloop companies in North America have raised $550M in equity funding across 2 rounds.
In the same period last year (i.e. till June 2021), Hyperloop companies in North America had raised equity funding across 1 round.
Here are some recent, important funding rounds in Hyperloop companies in North America:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9600 | Jun 08, 2022 | ||
Series D | 8099 | Mar 29, 2022 | ||
Seed | 1589 | Jun 29, 2021 | ||
Series D | 2912 | May 13, 2019 | ||
Series C | 7836 | Dec 18, 2017 |
Top Investors in Hyperloop in North America
ACME is the top investor in Hyperloop companies in North America based on number of companies invested.
Here are some top investors in Hyperloop companies in North America:
Investor | Location | Top Portfolio Companies |
|---|---|---|
San Francisco (United States) | ||
Beijing (China) | ||
Menlo Park (United States) | ||
Portola Valley (United States) |
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Colleges which produce the most Hyperloop companies in North America
Companies founded by alumni from top colleges in the Hyperloop in North America
Most number of Hyperloop startups in North America have been founded by alumni from Cornell University, Carnegie Mellon University and Massachusetts Institute of Technology.
College | No. of companies |
|---|---|
Cornell University | 2 |
Carnegie Mellon University | 1 |
Massachusetts Institute of Technology | 1 |
Stanford University | 1 |
University of California (Berkeley) | 1 |
University of Edinburgh | 1 |
Total funding in Hyperloop companies founded by alumni from top colleges in North America
In the last 10 years, Stanford University graduates' Hyperloop companies in North America have raised the most funding among top colleges. University of California (Berkeley) alumni are second.
College | Total Funding |
|---|---|
Stanford University | $683M |
University of California (Berkeley) | $683M |
Carnegie Mellon University | - |
Cornell University | - |
Massachusetts Institute of Technology | - |
University of Edinburgh | - |
Top News in Hyperloop in North America
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Digital Magics, Hyperloop Transportation Technologies technology arrives in ItalyIlgiornaleditalia•May 11, 2023•Digital Magics, HyperloopTT
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Hyperloop companies join forces to launch the first international Hyperloop associationZawya•Feb 08, 2023•Hardt, Hyperloop One, HyperloopTT, Nevomo and 3 others
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$550M secured to help finance ultra-high-speed hyperloop between Edmonton and CalgaryGlobal News•Mar 29, 2022•TransPod
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Virgin Hyperlop One, got a life line as $ 50 million from two foreign backersgulftomorrow.com•May 16, 2019•Hyperloop One, Caspian Venture Capital, DP World
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