See the Hyperloop One in action

Hyperloop One has shown off the progress it has made in its first live propulsion open-air test.

Hyperloop One said this “historic milestone is the first of many full-scale tests as the company reinvents transportation to eliminate the barriers of time and distance”.

The company also announced the closing of $80-million Series B Financing with ongoing investments from Series A investors Sherpa Ventures, EightVC, ZhenFund, and Caspian Venture Partners.

New investors in the Series B round include 137 Ventures, Khosla Ventures, Fast Digital, Western Technology Investment, SNCF, the French National Rail Company, and GE Ventures.

“The brightest minds are coming together at the right time to eliminate the distances and borders that separate economies and cultures,” said Hyperloop One.

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Hyperloop One propulsion test video

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See the Hyperloop One in action