Hardt Hyperloop has gone bankrupt, the bankruptcy administrator Sjoerd Warringa confirmed to RTL Z. He could not comment on the cause of the bankruptcy, nor whether there are any plans for a restart.
Hardt Hyperloop was founded in 2017 by a group of students from Delft University of Technology. They hoped to revolutionize public transport with a hyperloop system that transports people in capsules through a vacuum tube at high speed.
To develop this idea, the company raised tens of millions in subsidies and investments over the past decade. With this money, Hardt Hyperloop built a test center in Veendam, featuring a 420-meter-long tube, among other things. Some 18 months ago, the company performed a successful test run in Veendam for 300…