Arrivo

Last updated
Arrivo
TypePrivate
Industry High-speed rail
Founded2016
Defunct2018 [1]
Headquarters Los Angeles, California
Key people
  • Brogan BamBrogan (Founder)
Website www.arrivo-loop.com

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.

Contents

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]

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References

  1. 1 2 "Hyperloop startup Arrivo is shutting down as workers are laid off". 14 December 2018.
  2. 1 2 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.
  3. ↑ "Arrivo trademark application". Justia trademarks. Dec 19, 2016. Retrieved July 16, 2017.
  4. ↑ Crosby, Jack (Jun 12, 2017). "Hyperloop Startup Arrivo Has "Plenty of Money" and Big Plans". Inverse. Retrieved July 17, 2017.
  5. 1 2 della Cava, Jack (Jul 21, 2017). "Hyperloop race gets crowded with new entrant Arrivo and maybe Musk". USA Today. Retrieved July 24, 2017.
  6. ↑ 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.
  7. ↑ 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.
  8. ↑ della Cava, Marco (Jan 28, 2017). "Ex-Hyperloop cofounder BamBrogan starts 'Arrivo'". USA Today. Retrieved July 17, 2017.
  9. ↑ Korosec, Kirsten (Feb 9, 2017). "BLAZING: Another New Hyperloop Company Just Launched". Fortune. Retrieved July 16, 2017.
  10. ↑ Griffith, Erin (Feb 10, 2017). "Term Sheet — Friday, February 10". Fortune. Retrieved July 24, 2017.
  11. ↑ Chuang, Tamara (2018-12-17). "Much-hyped high-speed transit company Arrivo has hit the brakes in Colorado". Colorado Sun.
  12. ↑ Davies, Alex (Feb 9, 2017). "A Star Engineer Just Launched His Own Hyperloop Outfit, 'Arrivo'". Wired. Retrieved July 16, 2017.

39°51′42″N104°44′57″W / 39.86163°N 104.74913°W / 39.86163; -104.74913

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