Dubai firm DP World acquires $50 million stake in Virgin Hyperloop
Dubai firm DP World and a consortium acquired $50 million stake in the California-based transportation company Virgin Hyperloop One.
Virgin Hyperloop One is a global strategic partnership between Hyperloop One and the Virgin Group. Its aim is to create a new passenger division while developing and maintaining passenger and mixed-use cargo service. (Dubai-based company DP World develops and manages international marine and inland terminal operations, industrial parks and economic zones with a portfolio of 78 operating marine and inland terminals.). More details here.
To see a list of investors similar to DP World, check the Middle East Investors Directory.
September 17, 2018 |
Filed under Dubai Venture Capital Firms
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