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Zeleros funding: raises 7.79million dollars

Zeleros

The Spain based hyperloop company raises 7.79 million dollars in its latest funding round with participation of Altran a French consulting firm, Goldacre Ventures, VC Road Ventures, Plug and Play from US, Angels Capital of Spain and MBHA. The company planning to use the funds for further development of  hyperloop vehicle and its core technologies.

The CEO of Zeleros, David Pistoni says “These new funds will boost a major milestone of developing and demonstrating our technologies in a real environment of operation, bringing Zeleros closer to a multibillion market opportunity to be captured in the next decades.”

Zeleros was founded in 2016 by David Pistoni with an aim to develop its own version of hyperloop to cover long distance for passengers and cargo. The company claim to cover distance from Paris to Berlin in an hour. The next step of company is to launch the European Hyperloop Development Centre in Spain aiming to bloom hyperloop industry in Europe.It is  also teaming up with experts in railways, aeronautics, infrastructure and electrification.

Founder & CEO of StartupLanes, Shishir Gupta says Hyperloop is the future transportation. With the change in time we need to change as our demand changes and so is the market. By reducing time of transportation we can save a lot of time. Hyperloop will help in various sectors to deliver the products and services within a very short span of time. My best wishes with the team of Zeleros. Keep Growing.

The Hyperloop technology market is expected to grow from USD 1.3 billion in 2022 to USD 6.3 billion by 2026, at a CAGR of 47.2%.

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