Hyperloop Tech, one of the main companies developing hyperloop technologies and now renamed “Hyperloop One”, launched today the ‘Hyperloop One Global Challenge’ to find the locations, develop and construct the world’s first hyperloop networks.

The challenge invites teams from anywhere on Earth to put forward a comprehensive package for commercial, transport, economic, and policy case for their cities, regions, or countries to be considered to host the first hyperloop networks.

The goal is to get people, all levels of government and investors involved in the project to facilitate the implementation of the new mode of transport, while Hyperloop One would take care of the technical side of the hyperloop system.

From Hyperloop One’s website:

“The Hyperloop One Global Challenge, a first-of-its-kind competition, aims to identify and select locations around the world with the potential to develop and construct the world’s first hyperloop networks. Hyperloop One is seeking to collaborate with applicants who put their minds and talents to the test. If you have powerful ideas and are interested in reinventing transportation in your region to move cargo and passengers immediately, safely, efficiently, and sustainably so that your businesses grow, your economies flourish, and you communities thrive… Please, read on!”

Along with its name change to Hyperloop One, the company also announced the closing of a significant $80 million financing round.

We've recently closed our Series B $80 million in funding and feasibility studies are underway around the globe… @Shervin #hyperloop — HyperloopTech (@HyperloopTech) May 11, 2016

It now brings the total raised by the company to $100 million in less than 2 years.

The company also added a long list of new international partner to help the startup build the technologies needed to develop a hyperloop system: AMBERG Group, ARCTURAN SUSTAINABLE CARGO, ARUP, Bjarke Ingels Group, Cargo Sous Terrain, Deutsche Bahn Engineering & Consulting, ECOM, FS LINKS, GRID, KPMG and SYSTRA.

Part of our amazing team who came out to be here for this two-day event! #Hyperloop One. More to come 2morrow! pic.twitter.com/ies0rc5TSH — HyperloopTech (@HyperloopTech) May 11, 2016

Tomorrow Hyperloop One will showcase it’s propulsion technology at its test site in North Las Vegas.

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