Cherubic Ventures invests in transportation of tomorrow

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Hyperloop CEO Rob Lloyd

Early-stage VC firm Cherubic Ventures announced yesterday it has invested an undisclosed amount in Hyperloop Technologies — the conceptual high-speed transportation system with an estimated travel speed of 1,000 kilometers per hour.

Elon Musk developed the white paper for the concept and the company Hyperloop Technologies Inc. was founded in 2014 by Uber investor Shervin...

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