One of the two companies working on Hyperloop trains just held a press conference in Toulouse to announce that the company is going to have a 3,000 square meter facility (roughly 38,000 sq ft) in the French city of Toulouse. While Hyperloop Transportation Technologies seems to be lagging behind Hyperloop One , the company has been very active on the news front lately.
In December, the company announced a $108 million funding round. When you look more closely, the company has only raised $31.8 million in cash. The rest is just free man-hours and land rights usage. One of them could very well be this new facility in Toulouse.
The city of Toulouse is providing a small facility at Francazal Airport, a former military base that isn’t used anymore.
