Monday, February 26, 2018

HTT Gets $1.2M Funding For Cleveland-Chicago Hyperloop Study

https://www.socaltech.com/images/story/httsystem.jpg Playa Vista-based Hyperloop Transportation Technologies (HTT), the startup founded by Dirk Ahlborn and Bibop Gresta which is one of a number in the LA area focused on bringing the Hyperloop technology to market, says it has received funding worth $1.2 million for its feasability study to connect Cleveland to Chicago with its technology. HTT, along with the Northeast Ohio Areawide Coordinating Agency (NOACA) said the Great Lakes Hyperloop consortium have raised $1.2 million to finance a study, which it expects to take six to nine months to complete, with the backing of a large number of groups in the region, including Meggitt Aircraft Braking Systems, Corp., Ohio State University and The Neil Armstrong Chair, ZIN Technologies, Ohio Aerospace Institute, Jobs Ohio, America Makes – National Additive Manufacturing Innovation Institute, Ohio Aerospace and Aviation Council, Ohio Aerospace and Aviation Technology Committee, Wright State Research Institute, The Gateway Group, Additive Engineering Solutions, Eureka Ranch International, The University of Akron, The University of Akron Research Foundation, University of Cincinnati SpaceX Hyperloop Competition Team, The Greater Akron Chamber, and the City of Akron.