Hyprlift Inc. Closes First Private Funding Round
l-r: Dilip Rangnekar (advisor to Hyprlift), Mathew Thomas (advisor to Johnson Lifts), John K John (Chairman and Managing Director at Johnson Lifts), James Hutchinson (founder and CEO at Hyprlift), Randy Wilcox (advisor to Hyprlift), and Yohan John (Director at Johnson Lifts).
Silicon Valley-based tech startup Hyprlift Inc. closed its first private funding round for an undisclosed amount in December 2023. The largest investment came from Johnson Lifts, Pvt. Ltd., India’s largest elevator manufacturer. “Johnson Lifts’ investment in Hyprlift represents one part of a boarder strategic partnership agreement between the two companies,” Hyprlift said. Hyprlift is building a “next-generation” ropeless elevator system that is self-propelled by an onboard dynamic-tractive drive and requires less shafts than traditional elevator systems.
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