Another European hyperloop start-up goes bankrupt. Spanish Zeleros has filed for voluntary insolvency. A court has declared the company insolvent and placed it under external administration. The start-up failed to attract enough investment to continue its development.
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.