Company:Arrivo
| Type | Private |
|---|---|
| Industry | High-speed rail |
| Founded | 2016 |
| Defunct | 2018[1] |
| Headquarters | Los Angeles, California |
Key people |
|
| Website | www |
Arrivo Corporation was a startup company in Los Angeles, California, that developed maglev rail. Arrivo initially attempted to commercialize a hyperloop, but abandoned the effort in November 2017 in favor of established transit technologies.
In November 2017, Arrivo proposed a plan for a 200 mph (322 km/h) maglev system in Colorado that would transport automobiles to and from Denver International Airport.[2]
On December 14, 2018, Arrivo reportedly shut down due to being unable to secure Series A funding.[1]
History
Arrivo was founded in 2016, after an acrimonious departure of most of Arrivo's management team from Hyperloop One. A resulting lawsuit was settled. The company's trademark application described its mission as: "Financial advisory and consultancy services namely, provide expert project analysis in the field of transportation."[3]
In a June 2017 interview, founder BamBrogan reported the company had twenty employees.[4] Three months before it ended hyperloop development, USA Today reported Arrivo as one of three top contenders in the hyperloop field.[5]
Colorado maglev project
Arrivo agreed to lease offices in an unused toll plaza on E-470 in Commerce City, Colorado, intending to employ forty engineers. The second phase would have been the erection of a half-mile maglev test track, but not the evacuated tube that was a big part of Elon Musk's original hyperloop proposal.[2] The state has offered $760,000 in tax incentives to lure Arrivo. At a press conference, Brogan BamBrogan described a system that would move automobiles from downtown Denver to the airport at the same price as the tolls on Pena Boulevard, the airport highway. It would, he said, have a payback period of ten years. The company planned to break ground on the first commercial leg, from Aurora to the airport, in 2019, with an opening in 2021.[6]
Technology
The company has described a sled for automobiles; other elements of the technology with the exception of the tube and vacuum are likely to be similar to maglev.[citation needed]
In March 2017 the company claimed it could have an operational hyperloop within three years.[7][8]
In November 2017, the company announced that it was no longer developing vacuum tubes and was focused on maglev rail technology.[citation needed]
Funding
In 2017, Arrivo said it had "'initial funding in place,' but did not reveal how much capital it had secured or the source of financial support."[9] BamBrogan expected revenue-generating projects within three years,[10] with a "classic infrastructure model".[5] In July 2018, it announced that it had received $1 billion credit from Genertec America.[11]
Management
The lead founder of Arrivo is Brogan BamBrogan, formerly founder and chief engineer at Hyperloop One and SpaceX.[12]
References
- ↑ 1.0 1.1 "Hyperloop startup Arrivo is shutting down as workers are laid off". 14 December 2018. https://www.theverge.com/2018/12/14/18128848/hyperloop-arrivo-furloughs-layoffs-money-trouble.
- ↑ 2.0 2.1 CHUANG, TAMARA (14 November 2017). "Colorado track will test super-speedy transit that could be offered at toll-road price". Denver Post. http://www.denverpost.com/2017/11/14/arrivo-colorado-high-speed-commuting-test/. Retrieved 16 November 2017.
- ↑ "Arrivo trademark application". Justia trademarks. Dec 19, 2016. https://trademarks.justia.com/872/67/arrivo-87267511.html.
- ↑ Crosby, Jack (Jun 12, 2017). "Hyperloop Startup Arrivo Has "Plenty of Money" and Big Plans". Inverse. https://www.inverse.com/article/32848-arrivo-hyperloop-plenty-of-money.
- ↑ 5.0 5.1 della Cava, Jack (Jul 21, 2017). "Hyperloop race gets crowded with new entrant Arrivo and maybe Musk". USA Today. https://www.usatoday.com/story/tech/2017/07/21/hyperloop-race-gets-crowded-new-entrant-arrivo-and-maybe-musk/497630001/.
- ↑ Jenkins, Aric (November 14, 2017). "A Guy Named Brogan BamBrogan Wants to Bring a 200 mph Hyperloop to Denver. Here's His Plan". Fortune. http://fortune.com/2017/11/14/hyperloop-denver-brogan-bambrogan/. Retrieved 16 November 2017.
- ↑ Muoio, Danielle (March 18, 2017). "The ousted co-founder of Hyperloop One launched a rival startup — and it plans to build a Hyperloop in just 3 years". Business Insider. http://www.businessinsider.com/brogan-bambrogan-starts-planning-for-arrivo-hyperloop-2017-3.
- ↑ della Cava, Marco (Jan 28, 2017). "Ex-Hyperloop cofounder BamBrogan starts 'Arrivo'". USA Today. https://www.usatoday.com/story/tech/talkingtech/2017/01/28/ex-hyperloop-cofounderbambrogan-starts-arrivo/97190314/.
- ↑ Korosec, Kirsten (Feb 9, 2017). "BLAZING: Another New Hyperloop Company Just Launched". Fortune. http://fortune.com/2017/02/09/new-hyperloop-company-arrivo/.
- ↑ Griffith, Erin (Feb 10, 2017). "Term Sheet — Friday, February 10". Fortune. http://fortune.com/2017/02/10/term-sheet-friday-february-10/.
- ↑ Chuang, Tamara (2018-12-17). "Much-hyped high-speed transit company Arrivo has hit the brakes in Colorado". https://coloradosun.com/2018/12/17/arrivo-hyperloop-shut-down-colorado/.
- ↑ Davies, Alex (Feb 9, 2017). "A Star Engineer Just Launched His Own Hyperloop Outfit, 'Arrivo'". Wired. https://www.wired.com/2017/02/star-engineer-just-launched-hyperloop-outfit-arrivo/. Retrieved July 16, 2017.
[ ⚑ ] : 39°51′42″N 104°44′57″W / 39.86163°N 104.74913°W
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