Zeleros Raises Over €7 Million To Develop The Hyperloop In Europe

By Dan Anderson ● Jun 1, 2020
  • Zeleros Hyperloop announced it has raised funding worth over €7 million

Zeleros Hyperloop announced it has raised funding worth over €7 million. And the company has started a new and important phase in the development of its unique version of hyperloop (the “fifth mode of transport”). The hyerloop is considered one of the best alternatives for the future to connect efficiently and sustainably long-distance routes for passenger and cargo transportation. And connections like Paris – Berlin could be reduced to less than an hour.

Zeleros is receiving support from companies like Altran and Grupo Red Eléctrica along with strategic investors at the national and international level, including Goldacre Ventures (United Kingdom), Road Ventures (Switzerland), Plug and Play (USA), and the Spanish Angels Capital, and MBHA.

The funds will be used for further development of Zeleros’ hyperloop vehicle and its core technologies — which place them as the best alternative to cover efficiently routes between 400 and 1,500 kilometers in distance (between 250 and 930 miles) with special benefits like the reduction of the overall infrastructure costs and the operation at safer pressures for passengers.

The next step will be the deployment of the European Hyperloop Development Centre in Spain, including a 3-km test-track to demonstrate the effectiveness of its technologies at high speed. And the aim of this project is to accelerate the development of the hyperloop industry in Europe by creating an ecosystem of international industrial, technological, and institutional partners.

Key Quotes:

“For Zeleros it is key to have partners of this relevance and expertise onboard. Their support will accelerate the development of our technologies, unlocking the path towards hyperloop-based routes and corridors in Europe and worldwide. 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.”

-David Pistoni, Chief Executive Officer at Zeleros

“As a world-leading engineering company, Altran acts as a technological catalyst in various strategic sectors. By supporting Zeleros, we are accelerating disruptive innovation in a sector, such as mobility, that is reinventing itself. With technologies like hyperloop we are changing the future of mobility. Altran has been collaborating with Zeleros since 2017 and will now contribute all of its experience and multidisciplinary talent to help the company accelerate the development of hyperloop technology.”

– Pilar Rodríguez, Strategy, Innovation and R&D Director at Altran

“Our companies are committed to supporting technologies and start-ups that accelerate the transition towards a more sustainable mobility. Zeleros has a great potential to decarbonize intercity mobility sector, currently covered mainly by regional aviation. Our company ZIUR Composite Solutions will bring its wide experience in the development of complex structures of composite materials and process automation, supporting Zeleros to reduce the time of implementation and commercialization of their technologies.”

– Miguel Ruiz Dealbert, CEO at MBHA Group