We have big news about The Boring Company! It’s been around for more than 5 years now, and finally, major progress seems to be happening with the project in Texas and Las Vegas. But probably the biggest step forward for the company is a new Series C funding, which it recently accomplished. To know more about these game-changing updates for the company, you might want to stick around till the end of this video! But before we get more into the updates…
What’s The Boring Company All About?
A project that receives relatively lesser media coverage than his other companies, Elon Musk’s Boring Company is arguably as important and revolutionary as his space and automotive ventures. The company’s vision is to create a tunneled, low-cost transportation infrastructure for
passengers and cargo throughout major cities in the United States by boring through the ground. The only vehicles allowed through this system are, you guessed it, Teslas. And yes, the name of the company was intentionally thought of as a funny, but still accurately descriptive
double-meaning. The project may also head beyond borders as well, with some interest shown in Europe and Australia. The company explains the need for this tunnel transit system on their official website by stating, “To solve the problem of soul-destroying traffic, roads must go 3D, which means either flying cars or tunnels are needed. Unlike flying cars, tunnels are weatherproof, out of sight, and won't fall on your head.”
Elon’s goal to take clean energy transport to the next level seems to be aligning with the Boring Company’s proposed tunnel transportation system. Having multiple “Loop” transport systems in place will take a lot of work, approval from various cities and state governments, and especially, a lot of funding. But now, in 2022, the company seems to be getting everything they want all at once. Having achieved a whopping 675 Million Dollar series C investment goal in April 2022, what has validated this level of approval and funding? What has the boring company actually implemented so far?
📺 Watch the entire video for more information!
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