Arrivo
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Arrivo worked on a proposed advanced transportation system.
02 / Arrivo FAILURE REASONS
Failure factors supported by the retained evidence
The company could not secure the financing or liquidity needed to continue.
The company could not secure the financing or liquidity needed to continue.
03 / EVENT HISTORY
Events in the structured record
- Operations ended
Arrivo ended operations.
- Company founded
Arrivo was founded.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
In November 2017, Arrivo abandons the hyperloop concept and pivots to established transit technologies, proposing a 200 mph maglev system in Colorado that would transport cars on sleds to and from Denver International Airport, with a $15 million test track planned outside Denver.
- 02
In July 2018, Arrivo announces a financing and construction partnership with Genertec Group for transportation infrastructure projects.
- 03
In November 2018, all employees are furloughed and half are laid off at month's end; Colorado's Department of Transportation says it has not heard from the company in about a month.
- 04
On December 14, 2018, the remaining employees are laid off by text message or phone call and Arrivo shuts down, unable to secure Series A funding.