Zeleros, one of Europe’s most prominent hyperloop developers, has entered voluntary insolvency proceedings, becoming the latest company in the once-hyped sector to fall by the wayside. However, Spanish technology group Amper is now moving to acquire its core assets, with plans to redeploy the technology in defence, security and energy-storage applications.
Late in March, a Valencia court declared the Spanish hyperloop company insolvent, opening liquidation proceedings after shrinking investment in the hyperloop sector and the long lead times of its technology pushed the firm into financial difficulty. At the same time, the court is considering a binding offer for the company from Spanish engineering and technology group Amper for its…