The Boring Company secured a $3 billion funding round led by UAE investment entities and Shamal Holding at a $29 billion valuation. The capital will fund over 150 kilometers of underground transit infrastructure across the UAE, including the Dubai Loop.
Elon Musk's tunneling startup The Boring Company raised $3 billion in a new funding round valuing the company at $29 billion. The round was led by UAE-based investment vehicles and Shamal Holding.
The capital is earmarked to develop large-scale urban transit projects in the region, including more than 150 kilometers of subterranean transport tunnels spanning Dubai and Abu Dhabi. The Dubai Loop project is planned in coordination with local transport authorities to reduce urban congestion.
The Boring Company is The Boring Company secured a $3 billion funding round led by UAE investment entities and Shamal Holding at a $29 billion valuation. The capital will fund over 150 kilometers of underground transit infrastructure across t, founded in Unknown.
The Boring Company has raised Unknown in disclosed funding to date according to the DXBStart company directory.
The DXBStart company profile at dxbstart.com/company/the-boring-company aggregates every news story DXBStart has indexed about The Boring Company, along with funding history, stage, status, and company details.
Get Dubai startup news delivered weekly.
