HyperloopTT, building a Hyperloop tunnel in Northern Italy, faces financial challenges, unable to pay salaries and rent in 2021, with CEO Andrés de León warning of low cash reserves.
Hyperloop Transportation Technologies (HyperloopTT), a startup building a Hyperloop tunnel in Northern Italy, is facing financial struggles, unable to pay employee salaries and rent in 2021, according to internal documents. The company's CEO, Andrés de León, warned shareholders that they were running low on cash, risking their plans to create a prototype in the region.
March 02, 2024
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