Hardt Hyperloop collapses after losing EU funding and facing mounting losses

rtl.nl (Dutch)

Hardt Hyperloop, a Dutch hyperloop developer, has gone bankrupt due to mounting losses and the withdrawal of EU subsidies. The company's collapse was primarily caused by the denial of a crucial second tranche of European Innovation Council funding, totaling approximately 13 million euros. This led private investors to withdraw their support as well. Founded in 2017, Hardt Hyperloop aimed to revolutionize transportation with its vacuum-tube maglev train concept, inspired by Elon Musk. The company experienced significant financial losses in its final years.


With a significance score of 2.4, this news ranks in the top 19% of today's 32162 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Hardt Hyperloop collapses after losing EU funding and facing mounting losses | News Minimalist