Hardt Hyperloop secures multi-million-euro round to restart after bankruptcy
What's the deal? Hardt Hyperloop has raised a multi-million-euro early VC round led by US investor Green RockDealroom has a profile for this one. Try Dealroom →, with existing backers Perpetuum VenturesDealroom has a profile for this one. Try Dealroom → and Urban Impact VenturesDealroom has a profile for this one. Try Dealroom → participating. The Dutch company develops Hyperloop technology for fast, energy-efficient transport of people and goods.
Why now? The round secures the future of the Hardt GroupDealroom has a profile for this one. Try Dealroom → after one of the companies within it was declared bankrupt earlier this year. "With this investment, a new chapter begins for Hardt Hyperloop after a challenging period," said co-founder Tim Houter.
What's the endgame? Hardt will use the money to develop its technology, prepare planned Hyperloop projects, and launch new ones. It works on core systems including magnetic levitation, propulsion, and high-speed track switching, and has delivered the 420m European Hyperloop CenterDealroom has a profile for this one. Try Dealroom → in Veendam, where those systems are tested.
The deal comes with a strategic partnership. Hardt and Green Rock signed an agreement to jointly develop Hyperloop projects in North, Central, and South America. "The partnership with Green Rock also opens the door to new Hyperloop projects," Houter said.
What could go wrong? Hyperloop remains unproven at commercial scale, and the group's recent bankruptcy underscores how fragile the business has been. Much hinges on converting planned projects into real contracts.
The signal: Momentum is building around European Hyperloop policy. Germany's coalition agreement sets a national reference framework for the technology, and Research, Technology, and Space Minister Dorothee Bär intends to allocate €100 million toward it — a backdrop that could support Hardt's next phase.
Read more: ioplus.nl
Image credit: wim hoppenbrouwers
