Musk brainchild Hyperloop in talks with Gulf sovereign wealth funds

Dubai

MAGLEV train developer Hyperloop Technologies Inc said it's in talks with sovereign wealth funds in the Persian Gulf as it seeks to bring the super-fast transportation system to the region and raise US$300 million from global investors over six months.

Hyperloop One, as the US startup is known, has seen growing interest in the maglev-like project from four of the six Gulf Cooperation Council states, chief executive officer Rob Lloyd said in an interview in Dubai, while declining to…