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Multi-million-euro hyperloop investment

Posted on 08 Nov 2019 and read 1175 times
Multi-million-euro hyperloop investmentAn international business consortium led by Dutch clean-energy conglomerate Koolen Industries has made a multi-million-euro investment in Hardt Hyperloop, the company that created Europe’s first full-scale operational hyperloop
test facility for the high-speed zero-emission transportation system.

Tim Houter, CEO of Hardt Hyperloop (www.hardt.global), said: “Koolen Industries brings not only money to the table but also a phenomenal strategic knowledge about how to build a leading company in a new industry.

"This partnership will pave the way for several big projects that will ensure a successful commercial implementation of our hyperloop solution.”

Kees Koolen, CEO of Koolen Industries — as well as former CEO of Booking.com and an early Uber investor — says Hardt Hyperloop fits equally well into Koolen Industries’ family of clean-energy companies.

“Hardt Hyperloop, with its unique lane-switching technology, will change the way we travel, just like Uber did for personal mobility in cities. High-speed zero-emission hyperloops will enable everyone to participate in the clean-energy transition without having to quit travelling.

"The hyperloop developed by Hardt is much more than an idea, it is already in a position to offer an affordable and sustainable alternative to the polluting aviation industry.”

This latest investment round moves the hyperloop technology closer to a commercial reality. Earlier this year, Hardt Hyperloop demonstrated the operation of Europe’s first hyperloop test facility.

With this investment, the company isgetting ready for the next step: to realise the European Hyperloop Center, a 3km hyperloop test facility to prove hyperloop technologies at speeds of more than 435mph.