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Spanish startup Zeleros was declared insolvent by a Valencia court in late March, following the bankruptcy of Dutch developer Hardt Hyperloop on 4 March. Together, they represented two of the sector's…

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European hyperloop sector suffers second major collapse in 2026
Spanish startup Zeleros was declared insolvent by a Valencia court in late March, following the bankruptcy of Dutch developer Hardt Hyperloop on 4 March. Together, they represented two of the sector's most prominent European players.

Hardt had made real technical progress, demonstrating levitation and switching systems at speed, but it still wasn't enough. Zeleros never made it out of the research phase, despite EU funding and institutional support.

The story is the same for both: turning a prototype into actual infrastructure takes massive investment and regulation that is not yet in place. No hyperloop has ever carried a single paying passenger anywhere in the world. Add in Virgin Hyperloop's collapse in 2023, and a clear pattern emerges - that the technology works in theory, but the path to commercial reality remains out of reach, being prohibitively expensive.

Read more at The Rail Agenda
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