Company Hyperloop Technologies Inc. (Hyperloop One) from Los Angeles, dedicated to the design of the vacuum system high-speed transport, announced the completion of the next round of attracting investment, allowing it to obtain additional financing in the amount of $ 50 million. As a result, the amount of investment in Hyperloop One, founded in 2014, rose to $ 160 million.

The investment round led the company DP World Group of Dubai, one of the world’s largest port operators. Its chairman and CEO Sultan Ahmed Bin Sulayem (Sultan Ahmed bin Sulayem) entered the Board of Directors Hyperloop One. Also entered in the Board of Directors of Russian businessman Ziyavudin Magomedov, Chairman of the Board of Directors of the “sum”.

In addition to Hyperloop One Killinikos joined Brent (Brent Callinicos), which will serve as a strategic advisor. Previously, he was CFO at Uber Brent, was vice-president, treasurer and chief accountant at Google, as well as held various positions in the financial field in Microsoft Corp.

The new investment will help the company in preparation for a full-scale tests Hyperloop system in the first quarter of 2017.