Delft-based Hardt Hyperloop, a hyperloop network technology platform, announced that it has bagged new funding from Posco International (Korea) and Urban Impact Ventures (the Netherlands), with participation from existing EU- and US-based investors.

Posco International said Tuesday that it clinched a partnership with Dutch hyperloop technology provider Hardt, with an aim to seek business opportunities in the global market for ultra high-speed, eco-friendly transportation system.

Hardt Hyperloop, the Dutch company working on the development of the hyperloop, has been awarded 15 million euros by the European Commission. It is the first time that a hyperloop company has received such financial support from Brussels.