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Elon Musk's Boring Co raises $112.5 million in funding, most from Musk

Reuters 

By David Shepardson(Reuters) - Elon Musk's Boring Co said on Monday it raised $112.5 million in equity, with 90 percent coming from Musk himself, as the company seeks to build underground tunnels for its hyperloop transportation project.In a regulatory filing, the company listed 31 unnamed investors as participants in the funding round. Besides Musk, the rest of the investors were early Boring employees, according to the company. Musk, who also leads electric vehicle maker Tesla Inc and rocket company SpaceX, is seeking to revolutionize transportation by sending passengers packed into pods ...

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First Published: Tue, April 17 2018. 06:45 IST
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