Arrivo
Former rail startup company
From Wikipedia, the free encyclopedia
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.
| Company type | Private |
|---|---|
| Industry | High-speed rail |
| Founded | 2016 |
| Defunct | 2018[1] |
| Headquarters | Los Angeles, California |
Key people | Brogan BamBrogan (Founder) |
| Website | www |
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]