Finance

EU injects 15 million euros into Hardt Hyperloop

According to the company, it is the first time that a hyperloop company has received financial support from Brussels. In addition to Hardt, another 64 European promising start-ups or small companies will receive a financial boost from the European Innovation Council (EIC), an organization of the European Commission.

In total, this concerns 363 million euros, with the selected companies receiving a maximum of 17 million euros. That is a fraction of the total budget of 10 billion that the EIC has for the period 2021 to 2027.

Faster than 1000 km per hour

Hardt was founded a few years ago by a group of students from TU Delft. He had won a competition organized by SpaceX, the space company of businessman Elon Musk.

Hyperloop can best be compared with pneumatic tube, which, according to Hardt, makes it possible to reach speeds of more than 1000 kilometers per hour.

Hardt previously received support from, among others, the Dutch government and the municipality of Groningen. In that municipality, the company wants to open a test center in 2023 where its own technology can be better displayed.

Goal: European network

Ultimately, the company hopes to set up a broad European hyperloop network, which will allow both people and goods to be transported quickly and CO2 neutrally.

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