rLoop Buys Intellectual Property of Arrivo

Reddit-born hyperloop and engineering collective rLoop has bought the intellectual property of Arrivo, a fellow hyperloop startup that went out of business last December

Lessard said rLoop might try to revive some of the deals that Arrivo had been working on, like a test track outside of Denver, Colorado, and that it may hire back some of Arrivo’s former employees. But, Lessard said, rLoop is still only in the “final stages” of assessing the progress Arrivo’s employees had made toward developing a type of hyperloop that relies on magnetic levitation (as opposed to the vacuum-based solution that was originally proposed by Elon Musk when he introduced the hyperloop idea in a 2013 white paper).

Arrivo was founded in 2017 by former SpaceX engineer Brogan BamBrogan, who was also a co-founder of Hyperloop One (which is now Virgin Hyperloop One). BamBrogan was ousted from Hyperloop One in 2016 after a blow-up with fellow co-founder Shervin Pishevar and other executives at the company. Arrivo shuttered in late 2018 after running out of money.

“I was very happy to see our IP go to rLoop,” BamBrogan told The Verge in a text message. “They are an engineering-led organization with a great team.”

Read More at The Verge

Read the rest at The Verge