Hyperloop Technologies Names Former Cisco President Lloyd as CEO
- Startup plans to finish two-mile test track within two years
- Company seeks to commercialize Elon Musk's transit concept
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Hyperloop Technologies Inc., a startup trying to develop Elon Musk’s idea for a high-speed transportation system, named former Cisco Systems Inc. co-president Rob Lloyd as chief executive officer.
Lloyd joins the 50-person company as it seeks to raise more than $75 million to complete a two-mile test track within the next two years. His hiring was announced in a statement Wednesday.