Spain's Zeleros Raises 7M€ in Financing to Lead the Development of Hyperloop in Europe

Commenting on the announcement, David Pistoni, Chief Executive Officer at Zeleros, said: "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."

Commenting on the announcement, David Pistoni, Chief Executive Officer at Zeleros, said: "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."

Pilar Rodríguez, Strategy, Innovation and R&D Director at Altran, participating as lead investor, said: "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."

Miguel Ruiz Dealbert, CEO at MBHA Group, highlighted: "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."

The following 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. 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. "Hyperloop is a great development that requires the participation of first-class players," says David Pistoni.

Contact:
Juan Vicen
press@zeleros.com
+34-676-777-578