LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Hyperloop start-up Arrivo to shut down: Report

A start-up named Arrivo formed by ex-Hyperloop One executives is winding up operations after laying off all employees in November as it sought new funding

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Hyperloop start-up Arrivo to shut down: Report
A start-up named Arrivo formed by ex-Hyperloop One executives is winding up operations after laying off all employees in November as it sought new funding. Source: Reuters
Written By: IANS
Updated: Sat, Dec 15, 2018
03:25 pm
IANS
RELATED NEWS
Faster than Bullet Trains! India may do a world's first, launch Hyperloop system; this is how it works in brief Faster than Bullet Trains! India may do a world's first, launch Hyperloop system; this is how it works in brief
BKC to house hyperloop station after accommodating Metro corridors, bullet train terminal BKC to house hyperloop station after accommodating Metro corridors, bullet train terminal
Hyperloop test track soon to test viability of Pune-Mumbai route Hyperloop test track soon to test viability of Pune-Mumbai route
Travel at 1000 kmph? Hyperloop to make it possible; first test track soon Travel at 1000 kmph? Hyperloop to make it possible; first test track soon

A start-up named Arrivo formed by ex-Hyperloop One executives is winding up operations after laying off all employees in November as it sought new funding, The Verge has reported.

Based in Los Angeles, Arrivo Corporation was working to commercialise Hyperloop -- a proposed mode of transportation, first used to describe an open-source vactrain design released by a joint team from Elon Musk-owned Tesla and SpaceX. 

Arrivo was started in 2017 by former SpaceX engineer Brogan BamBrogan, who was also a co-founder of Musk`s company Hyperloop One, the report said on Friday. Two of BamBrogan`s fellow co-founders had resigned in the months before the furloughs and the announcement that Arrivo was ceasing operations.

One of the co-founders of Arrivo, Andrew Liu, left the company in October, said his LinkedIn profile. "In November, they moved to a more standard maglev model, in that their development plans no longer contained an essential component of a hyperloop -- the vacuum tube.

"Instead of transporting people or goods through a vacuum-sealed tunnel, Arrivo was developing something that more closely resembles high-speed magnetic levitation technology," said the report.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Hyperloop
RELATED NEWS
Faster than Bullet Trains! India may do a world's first, launch Hyperloop system; this is how it works in brief Faster than Bullet Trains! India may do a world's first, launch Hyperloop system; this is how it works in brief
BKC to house hyperloop station after accommodating Metro corridors, bullet train terminal BKC to house hyperloop station after accommodating Metro corridors, bullet train terminal
Hyperloop test track soon to test viability of Pune-Mumbai route Hyperloop test track soon to test viability of Pune-Mumbai route
Travel at 1000 kmph? Hyperloop to make it possible; first test track soon Travel at 1000 kmph? Hyperloop to make it possible; first test track soon
Virgin Hyperloop One signs pact with India for broad hyperloop framework Virgin Hyperloop One signs pact with India for broad hyperloop framework

LATEST NEWS

Deepika Padukone mobbed outside eatery, video goes viral

US president believes it's important to modernise immigration system: WH By Lalit K Jha

PUBG Mobile 1.3 beta update: APK download link for global version - Check all details here!

World's BIGGEST Music Reality Show! Zee brings Indian Pro Music League today with Salman Khan as brand ambassador

Indian Pro Music League Grand Opening: Salman Khan's 'mega selfie' on world's biggest music league with Riteish Deshmukh, Genelia D'Souza, Shraddha Kapoor, others now viral on social media

SSC Delhi Police SI Paper 1 2021 result to be announced today on ssc.nic.in —Here is how you can check it

Yes Bank Share price: This is what Choice Broking highlights

Stocks to Buy With Anil Singhvi: Lumax Auto Technologies is a top pick for Sandeep Jain today | Money Making Tip

Indian Railways reactivates UTS ON MOBILE App in these zones

Assam police constable admit card PET-PST released; download SLPRB Assam Police Recruitment hall card this way on slprbassam.in

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved