Rob Lloyd, the former president of Sales and Development at Cisco, has joined Hyperloop Technologies as CEO.
Hyperloop Tech is a visionary start-up working on a new mode of transportation involving levitating cars traveling at high-speed through air-evacuated tubes. The company, which was inspired by Elon Musk as an alternative to high-speed rail in California, currently has about 50 employees and offices in Los Angeles.
In a blog posting, Lloyd says Hyperloop Tech. plans to embrace a design/build/transfer and operate business model.