On Tuesday, the United States Senate passed the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act which includes provisions that will support further development and deployment of hyperloop. Under this legislation, hyperloop technology will now be eligible for federal funding.
“We applaud the bipartisan group of Senators and President Biden for their tireless work to advance the legislative process and bring a bill to the Senate floor, as well as Committee leaders who advocated to ensure hyperloop was part of this monumental legislation,” said Josh Giegel, CEO and Co-Founder of Virgin Hyperloop. “Hyperloop’s inclusion shows that we’re on the precipice of a new era that will change the way we think about mobility in this country. I hope the House of Representatives will expeditiously pass this legislation so that these additional avenues for investment in hyperloop’s successful deployment in the U.S. can become law.”