Reddit-born engineering group buys leftovers of failed hyperloop startup Arrivo
Reddit-born hyperloop and engineering collective rLoop has bought the intellectual property of Arrivo, a fellow hyperloop startup that went out of business last December, The Verge has learned. rLoop co-founder Brent Lessard confirmed the sale, but he would not disclose how much the group paid.
Lessard said rLoop might try to revive some of the deals that Arrivo had been working on, like a test track outside of Denver, Colorado, and that it may hire back some of Arrivo’s former employees. But, Lessard said, rLoop is still only in the “final stages” of assessing the progress Arrivo’s employees had made toward developing a type of hyperloop that relies on magnetic levitation (as opposed to the vacuum-based solution that was originally…