Arrivo
| Company 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
[edit]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
[edit]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
[edit]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
[edit]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
[edit]The lead founder of Arrivo is Brogan BamBrogan, formerly founder and chief engineer at Hyperloop One and SpaceX.[12]
References
[edit]- ^ a b "Hyperloop startup Arrivo is shutting down as workers are laid off". 14 December 2018.
- ^ a b CHUANG, TAMARA (14 November 2017). "Colorado track will test super-speedy transit that could be offered at toll-road price". Denver Post. Retrieved 16 November 2017.
- ^ "Arrivo trademark application". Justia trademarks. Dec 19, 2016. Retrieved July 16, 2017.
- ^ Crosby, Jack (Jun 12, 2017). "Hyperloop Startup Arrivo Has "Plenty of Money" and Big Plans". Inverse. Retrieved July 17, 2017.
- ^ a b della Cava, Jack (Jul 21, 2017). "Hyperloop race gets crowded with new entrant Arrivo and maybe Musk". USA Today. Retrieved July 24, 2017.
- ^ Jenkins, Aric (November 14, 2017). "A Guy Named Brogan BamBrogan Wants to Bring a 200 mph Hyperloop to Denver. Here's His Plan". Fortune. 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. Retrieved July 16, 2017.
- ^ della Cava, Marco (Jan 28, 2017). "Ex-Hyperloop cofounder BamBrogan starts 'Arrivo'". USA Today. Retrieved July 17, 2017.
- ^ Korosec, Kirsten (Feb 9, 2017). "BLAZING: Another New Hyperloop Company Just Launched". Fortune. Retrieved July 16, 2017.
- ^ Griffith, Erin (Feb 10, 2017). "Term Sheet — Friday, February 10". Fortune. Retrieved July 24, 2017.
- ^ Chuang, Tamara (2018-12-17). "Much-hyped high-speed transit company Arrivo has hit the brakes in Colorado". Colorado Sun.
- ^ Davies, Alex (Feb 9, 2017). "A Star Engineer Just Launched His Own Hyperloop Outfit, 'Arrivo'". Wired. Retrieved July 16, 2017.