Hardt Hyperloop, a Dutch company developing a novel transport concept, has filed for bankruptcy, reports the NOS. Despite receiving millions in funding from public and private investors, its transport idea never progressed beyond the testing phase.
Hardt Hyperloop claims to be on track for passenger operations by 2030
At the European Hyperloop Center (EHC) kick-off event in Groningen, the Netherlands, Hardt Hyperloop, together with the partners in the Hyperloop Development Program, celebrated the ceremonial placement of one of the first hyperloop pipes at the EHC.
Leading hyperloop innovators Hardt, from the Netherlands and Zeleros, from Spain, have signed a Memorandum of Understanding to expedite the technical and commercial development of hyperloop.
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.