The Netherlands’ hyperloop dream will not come true: company declares bankruptcy

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News

The Netherlands’ hyperloop dream will not come true: company declares bankruptcy

Dutch hyperloop startup Hardt Hyperloop has been declared bankrupt, marking the end of an ambitious transport vision. The company was founded in 2017 by students from Delft University, following their win at a 2015 design competition organised by Elon Musk.

The concept involved propelling passengers through vacuum tubes at speeds of up to 1,200 km/h. The project attracted significant backing, including support from NS railway, the city of Groningen, and a €15 million grant from the European Innovation Council, eventually funding a €10 million test track in Veendam.

Despite receiving €12 million as recently as 2023, the company struggled to develop a viable business model, with vacuum tube construction proving far more costly than conventional transport alternatives. The Den Haag court issued the bankruptcy ruling on 4 March 2026.

Read more at Dutch Review

News added:: 16/03/2026

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ignore_log_tables	logs_login\|logs_cms_pages\|logs_market_report\|logs_user_session\|logs_sys_mail\|logs_sql\|ci_admin_session\|ci_sessions\|admin_audit\|cms_menu\|cms_menu_items
user_message_template_prefix	<div class="response-msg [type] ui-corner-all"><ul>
user_message_template_suffix	</ul></div>
user_message_template	<li><span>[section]</span>[message]</li>
google_map_key
money_sign	£
money_sign_position	pre
site_ref_id	9
site_ref_url
pagination	Array ( [uri_segment] => 3 [base_url] => [per_page] => 5 [next_link] => » [prev_link] => « )
protocol	mail
wordwrap
mailtype	html
crlf
newline
base_template	email/base
content_template	email/default
site_email	hannahdenney@insol-europe.org
admin_email	hannahdenney@insol-europe.org
reply_to_email	hannahdenney@insol-europe.org
noreply_email	hannahdenney@insol-europe.org
bcc_email	clients@moleproductions.com
codeigniter_version	2.x
multilang
set_home	Home
attr_home	Array ( )
unlink_home
delimiter	>
replacer	Array ( )
partial_replace	Array ( )
exclude	Array ( [0] => all )
exclude_segment	Array ( [0] => 3 [1] => 4 [2] => 5 [3] => 6 [4] => 7 [5] => 8 )
use_wrapper
wrapper	<ul>\|</ul>
wrapper_inline	<li>\|</li>
unlink_last_segment
current_url_last_segment	1
hide_number	1
hide_number_on_last_segment	1
strip_characters	Array ( [0] => _ [1] => .html [2] => .php [3] => .htm [4] => - )
strip_regexp	Array ( )
form	Array ( [nameasid] => 1 [replace] => FALSE\|TRUE\|TRUE [xss_clean_post] => 1 [group_prefix] => [group_suffix] => [element_prefix] => [element_suffix] => <br /> [label_prefix] => [label_suffix] => [field_prefix] => [field_suffix] => [error_open] => <div style="color: #c00">- [error_close] => </div> [error_string_open] => <div id="errors"> [error_string_close] => </div> [error_class] => error [error_inline] => [error_inline_open] => <span class="inline-error"> [error_inline_close] => </span> [error_flag] => [globals] => Array ( ) [defaults] => Array ( [label] => Array ( [position] => before [class] => left [required_class] => [required_flag] => <span class="required">*</span> ) [fieldset] => Array ( [element_suffix] => ) [text] => Array ( [onkeypress] => this.style.borderColor='#BBBBBB' ) [password] => Array ( [onkeypress] => this.style.borderColor='#BBBBBB' ) [upload] => Array ( [upload_path] => uploads [allowed_types] => pdf\|doc\|jpg\|gif\|png\|txt ) [checkbox] => Array ( [element_suffix] => [class] => check [label] => Array ( [position] => after [class] => check ) ) [textarea] => Array ( [class] => textarea ) [radio] => Array ( [element_suffix] => [class] => check [label] => Array ( [position] => after [class] => check ) ) [submit] => Array ( [element_suffix] => [class] => button ) [reset] => Array ( [class] => button ) [multiple] => Array ( [style] => height: 120px ) [texteditor] => Array ( [path] => tools/ckeditor [config] => Array ( [toolbar] => basic [width] => 550px [height] => 100px [bodyClass] => texteditor [float] => left ) [field_prefix] => <div class="texteditor"> [field_suffix] => </div> ) ) [recaptcha_api_server] => http://api.recaptcha.net [recaptcha_api_secure_server] => https://api-secure.recaptcha.net [recaptcha_ssl] => FALSE [recaptcha_verify_server] => api-verify.recaptcha.net [recaptcha_key_public] => [recaptcha_key_private] => [recaptcha_theme] => white [recaptcha_lang] => en [captcha] => Array ( [img_path] => ./uploads/captcha/ [img_width] => 150 [img_height] => 30 [expiration] => 7200 ) )
minify_enabled	1
sys_minify_files	Array ( [0] => Array ( [core_file_path] => /template/insol_01/style/style.css [min_file_path] => template/insol_01/style/style-min.css ) [1] => Array ( [core_file_path] => /template/insol_01/style/breakpoints.css [min_file_path] => template/insol_01/style/breakpoints-min.css ) [2] => Array ( [core_file_path] => /script/script.js [min_file_path] => script/script-min.js ) [3] => Array ( [core_file_path] => /script/jquery.nivo.slider.js [min_file_path] => script/jquery.nivo.slider-min.js ) )

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About

About Us

Mission statement

Governance

Executive, council & secretariat

Committees

Country Coordinators

National Associations

Caring for the Environment

Richard Turton Award

Ordinary General Meeting

Council Elections

Strategic Task Force 2025

Vacancies

Privacy statement

Terms and conditions

Financial Statements

Be Informed

TECHNICAL RESOURCES

PUBLICATIONS

LATEST NEWS

Get Involved

Become a member

Honorary members

Membership Directory

Member Offers

EVENTS

WORKING GROUPS

Our Sponsors

Become a Sponsor

General Sponsors

Academic Forum sponsors

Annual Congress

EECC Conferences

News