The Boring Company raises $675 million to ramp up Loop Projects

Apr 22, 2022 | Mallika Rangaiah

The Boring Company raises $675 million to ramp up Loop Projects title banner

About The Company

 

The Boring Company is an Infrastructure and tunnel construction business that develops secure, fast-to-dig, and economical transportation, utility, and freight tunnels. Founded by Tesla and SpaceX CEO Elon Musk, the business aims to resolve big-city transportation issues and dig tunnels efficiently to offer an underground transportation network.

 

The company has been working with cities which include Los Angeles, Chicago and Las Vegas for building tunnels that can take autonomous and electric vehicles from one point to another point. 

 

The company had set up its commercial tunnel project in June, 2021 with the goal of transporting visitors through Las Vegas’s Convention Center by making use of human-driven Tesla vehicles.

 

 

The Raise

 

The Boring Company has raised $675 million in Series C round, which has brought its valuation up to $5.675 billion, as reported by The Economic Times in a funding round led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. 

 

The platform aims to use the funding to level up its hiring across engineering, operations and production sectors with the purpose of building and scaling Loop projects and also to speed up the research and development of the business’s next generation tunneling machine - Prufrock. 

 

Apart from The Boring Company’s projects in Vegas, the platform was also approved for a tunneling project in San Bernardino, California and is at the negotiating stage to set up tunnels in San Antonio as well as Fort Lauderdale and San Antonio while awaiting approvals from the City of Austin and Kyle for its project proposals.

Tags #Business Analytics
Advertisement

idawright88871093f15531ae4c90

Jul 02, 2025

The Rarecrew investment platform is one of the scammers that have destroyed the forex trading market. With their false promises of large returns, they have deceived a lot of people. The hard way taught me my lesson. I feel sorry for anyone who continues to think about investing with them. Please make an effort to do your study, you will undoubtedly find more reputable and superior forex trading firms that will assist you make money and not scam you. Additionally, you can report a regulated crypto investigative unit that uses software to recover money if these scammers have stolen your money [wizardjamesrecovery@ usa. com]. He is a specialist in recovery, and a well qualified one at that.

williamandros124b95217fd82e3487e

Jul 05, 2025

In addition to their extensive experience, Wizard James Recovery employs cutting-edge tools and methods to assist in bitcoin recovery. With their arsenal of advanced tools, they can navigate the digital maze and find a way to retrieve your lost funds. These technologies, which include advanced algorithms and specialized software, are essential to the rehabilitation process. Even though losing bitcoin can be disheartening, with Wizard James Recovery's help, you can still get back what is rightfully yours. One of the main ways they support bitcoin recovery is through their expertise in analyzing blockchain data. They can identify possible recovery opportunities that could have gone unnoticed otherwise by thoroughly examining the complex properties of the blockchain. Their ability to navigate this complex network sets them apart and increases the possibility that your lost bitcoin will be located. tation procedure. Wizard James Recovery makes sure they are at the forefront of successful bitcoin retrieval by fusing their experience with these cutting edge resources. Get a hold of the company through their email wizardjamesrecovery@usa.com or WhatsApp: +447418 367204

emeryhughes36ae05bdaec7d74d7f

Jul 09, 2025

Following a compromise on the exchange wallet provider, hackers acquired access to my cryptocurrency wallet and used it to drain my assets. I was incensed and subsequently experienced a panic attack. After a friend of mine was successful in recovering his cryptocurrency coins following an attack, I learned about Wizard James Recovery and got in touch with them, giving them my name and all the facts they needed concerning the incident. The money was successfully retrieved from my cryptocurrency wallet by Wizard James Recovery. Given how serious the situation was, Wizard James Recovery amazed me with their professionalism and helpfulness. Their service is available online, and their contact details are provided below. E- MAIL: WIZARDJAMESRECOVERY@USA.COM W H A T S A P P: +(4) 4.7.4.1 (8.3.6.) 7.2.0.4

lucasbrunner5543951e8ee4ec8149ef

Jul 13, 2025

So there I was last week, in real trouble. When I fell for this financial scam, I thought I had hit gold. It turned out that it was all falsehoods, and I lost a staggering $210,000. They portrayed it as a financial paradise, but in reality, it was more like financial pain. I came across WIZARD JAMES RECOVERY, and after providing them with data and information, I received first-rate assistance and received my entire belongings back. Without them, I'm not sure what I would have done. We are appreciative of WIZARD JAMES RECOVERY'S tremendous help. Wizard James Recovery can be reached at Wizardjamesrecovery@usa.com or over WhatsApp at +447418367204.

elkeedwards100ae83d24dd3464c26

Jul 17, 2025

We simply need to exercise caution. I spent $423,020 on Bitcoin from a purported cryptocurrency business that I found online. Two months later, my initial investment had grown to about $620,020. The fact that the investment increased quickly in just two months gave me a great feeling. It wasn't until my request was rejected and my attempts to withdraw were unsuccessful that I understood I had been defrauded. I'm grateful to Wizard James for helping me get my money back. Wizard James Recovery helps victims of cryptocurrency scams get their money back. Give them a call/text at +44 7418 367 204 on WhatsApp right now.

tylerfullbrook44660afbe02a76418e

Jul 19, 2025

Hi there, I'm writing to describe a severe instance in which my Bitcoin was taken illegally out of my wallet. This illegal transaction, which was carried out without my knowledge or approval, strongly implied that I was the victim of a sophisticated phishing or hacking attempt. Quick action was required since money had to be transferred right away to an anonymous digital address. I promptly hired renowned cybersecurity company WIZARD JAMES RECOVERY to look into and retrieve my stolen Bitcoin. Through careful analysis, WIZARD JAMES RECOVERY was able to identify the precise time and IP address of the illicit transfer's origin. Amazingly, my Bitcoin was back in my digital wallet within hours of their intervention. In addition to the successful recovery, WIZARD JAMES RECOVERY greatly strengthened my home and online security. This involved installing state of the art anti-malware software, offering thorough cybersecurity training, and putting strong multi-factor authentication into place across all of my accounts. They also provided helpful advice on how to spot and avoid phishing schemes in the future, emphasizing how crucial it is to confirm the legitimacy of emails and websites before clicking on links or exchanging personal information. Beyond merely recovering my money, their commitment to protecting my digital assets guaranteed long-term defense against intrusions in the future. I fully support their professionalism and outstanding problem-solving abilities in handling this important issue. They are genuinely remarkable in their knowledge and dedication. They are well worth recommending because of their proficiency with intricate legal and technological matters. Email: wizardjamesrecovery@usa.com Cell/WA: + 447418367204

audreybalderson687b0aa2575405437f

Jul 24, 2025

Sharing my experience investing in Bitcoin and losing money to scammers is something I'm willing to do. Nevertheless, you can get your stolen bitcoins back. I was led to assume that Bitcoin recovery was impossible, so I never gave it much thought. I did, however, lose over $92,000 as a result of falling for a forex scam that promised excessively high profits somewhere in May. After a month of looking for assistance, I eventually found an article on Reddit about recovering stolen cryptocurrency and contacted Wizard James Recovery. Because I had heard about negative situations, I was quite dubious and afraid. Nevertheless, I chose to give him a shot, and to my utter amazement, I was able to retrieve all of my stolen bitcoins from the scammers in a remarkably short amount of time. Additionally, they were able to show me the most reliable and authentic Bitcoin investment.

corinjack187a962d8a3ece4878

Jul 29, 2025

For cryptocurrency recovery, get in touch with Wizard James Recovery Company. I'm here to share my experience with you all because this is the best crypto recovery firm I've ever come across. My cryptocurrency funds were successfully recovered from my crypto investment platform's frozen account by Wizard James Recovery Company. James and his team recovered the $218,000 I lost in cryptocurrencies within 72 hours. I sincerely appreciate their assistance and expert service. Because Wizard James Recovery is so dependable and trustworthy, you may put your trust in them.

lilihoole036cdb7626e6ef947aa

Jul 31, 2025

In the past, I was timid and uninformed about cryptocurrencies. Regretfully, my in-law, who thought he knew a little about investment, persuaded me. I deposited more than £155,000, my hard-earned savings intended for a new home, with the aim of swiftly doubling my money and a little greed. That proved to be the biggest error I've ever made. The anticipated profits did not materialize after several weeks. I realized that I had been duped. I sobbed for days and nights, feeling guilty and remorseful. My in-law was also a victim of the same scam, so I couldn't even confide in him. I had to try, even though I knew there was little hope of regaining anything. In my frantic quest for assistance, I read reviews of Wizard James Recovery. Fortunately, I was able to get in touch with someone they had assisted successfully in a similar circumstance. I had a glimmer of hope after that. I contacted Wizard James Recovery and carefully followed their directions. A few days later, I was relieved to hear the amazing news that my money had been located and was on its way back to me. I received the majority of my savings back after they deducted their well-earned share for the recovery service. I am so grateful to them. A rebuilt future emerged from what appeared to be a lost cause. Know that there is still hope if you find yourself in a similar circumstance. SPEAK WITH THEM NOW AT +447418367204 ON WHATSAPP

amiceevery29b04f9a0f514259

Aug 02, 2025

Are you aware that Cryptocurrency can be Recovered? You certainly can. Greetings to all. My name is Amice, and someone I met online on an unverified investment proposal defrauded me of nearly $123,000. Before I saw numerous testimonials with respect to WIZARD JAMES RECOVERY, I began looking for legal assistance to get my money back. I gave them the details I needed to get in touch with them, and to my utter amazement, they assisted me in getting my money back within a few hours. Right now, I feel so joyful and relieved. I think there are people out there who have fallen for those fraudulent online investment scams and lost a lot of money. They can be contacted at wizardjamesrecovery@usa.com, if you require comparable assistance.