Brief: JumpStartFund’s Hyperloop Transportation Technologies Begins Construction of First Full-Scale Passenger System

HTT 2

JumpStartFund’s Hyperloop Transportation Technologies, Inc. (HTT) announced on Thursday the filing of construction permits with Kings County to kick off construction activities in Quay Valley. On-site preparation activities will commence in the coming weeks with principle construction beginning by the end of 2nd quarter 2016.

HTTHTT is in the selection process after an overwhelming response to a Request For Interest (RFI) sent to more than eighty companies for the first full-scale passenger -ready Hyperloop installation. The on-site preparation includes a geotechnical investigation to determine the placement of pylons which support the tube. Soil samples will be taken by boring into the earth.

CEO Dirk Ahlborn stated:

“After over two and a half years of research and development our team has reached another important milestone. This will be the world’s first passenger-ready Hyperloop system. Everyone traveling on California’s I-5 in 2016 will be able to see our activities from the freeway.”

Once the ground survey is complete, Hyperloop will perform mapping procedures with drone technology to mark the corridor, pylon positions, and station location. The mapping is needed to calculate both the horizontal and vertical alignments required as part of the building permit.

First optimizations of the completed Hyperloop system are expected by 2017 with a full opening to the public by 2018.

 

 



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Disclosure Quest

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 24, 2026 vs Jan 1, 2025 - Oct 24, 2025

Share this graph
Number of Filings131Prior 126 +4.0%
Target Raise, Total$3.40BPrior $3.54B -3.9%
This YTDYear priorChange
Filings 131 126 +4.0%
Target raise $3.40B $3.54B -3.9%

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Source: DisclosureQuest. Initial Form 1-A only.

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This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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