Hyperloop startups in US & Canada
There are 37 Hyperloop startups in US & Canada which include HyperloopTT, Hyperloop One, TransPod, MIT Hyperloop, Texas Guadaloop. Out of these, 5 startups are funded, with 3 having secured Series A+ funding.
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 US & Canada
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
