An 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 emissions transportation system.

This investment round was backed by the renowned German fund Freigeist Capital, multiple Dutch and Belgium investors, and one of the first engineers of Uber. Several existing investors also participated. The company has raised more than ten million euros to date.

“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,” says Tim Houter, CEO, Hardt Hyperloop. “It’s great to have such a broad and international group of investors who will help with the local developments as well, and having the continuous support of our first investors”

Hardt Hyperloop fits equally well into Koolen Industries’ family of clean energy companies, says Kees Koolen, CEO Koolen Industries.

“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. And as 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,” says Koolen, who is a former CEO of Booking.com and was an early Uber investor.

Sourced through Scoop.it from: hardt.global