The Boring Company said it has raised $675 million in a funding round valuing the firm at $5.675 billion.
The Elon Musk-owned venture wants to eliminate"soul-destroying traffic" with vast networks of tunnels.
The firm says it plans to spend the fresh cash on scaling Loop, its high-speed underground tunnel project.'s Boring Company wants to build a network of underground tunnels to transport people and cargo around cities. It's just raised $675 million to push further toward that goal.that it raised the fresh funds in a Series C funding round valuing the firm at $5.675 billion.
The Boring Company says its ultimate aim is to eliminate"soul-destroying traffic" with vast networks of tunnels. The firm plans to spend the latest cash on scaling Loop, a system that will shuttle passengers through high-speed tunnels.
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