Hyprlift Inc. Closes First Private Funding Round

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.