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.

Get more of Elevator World. Sign up for our free e-newsletter.

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

BOY DIES IN “OLD AND POORLY MAINTAINED” ELEVATOR IN INDIA

Boy Dies in “Old and Poorly Maintained” Elevator in India

Cho Jae-cheon, CEO of Hyundai Elevator, left, and Yoon Jeong-il, head of Hyundai E&C's purchasing division, sign an MoU at Hyundai E&C's headquarters in Jongno-gu, Seoul; image courtesy of Hyundai Elevator

Hyundai Elevator Signs Modular Elevator Commercialization MoU

The circa-1985 elevators on SkyTrain’s Expo Line are being replaced with new KONE units; image courtesy of TransLink via X.

40-Year-Old SkyTrain Elevators Being Replaced in Canada

TKE OWNERS SELECT FINANCIAL ADVISORS FOR PLANNED IPO

TKE Owners Select Financial Advisors for Planned IPO

CIA TO SHOWCASE CANOPEN LIFT AT INTERLIFT

CIA To Showcase CANopen Lift at Interlift

Both events will be held at Maestro’s Caterers in the Bronx; image courtesy of Maestro’s Caterers.

ECNY Events To Be Held on Same Day in Same Location

KAPOK 88 ACHIEVES LIFTINSTITUUT CERTIFICATION

Kapok 88 Achieves Liftinstituut Certification

WINNERS OF INAUGURAL ELLIES EUROPE COMPETITION ANNOUNCED

Winners of Inaugural Ellies Europe Competition Announced