As cool as hyper loops seem, they aren't as booming of a market as other ventures. This is evident with the closure of Arrivo, a hyperloop company that promised the "end of traffic."

Arrivo is shutting down after it failed to secure the funding necessary to produce an above ground hyperloop transport system. Two anonymous, former empolyees spoke to The Verge about the issue, confirming that they were furloughed in November, half of the staff fired, with the remaining members laid off via phone last Friday.

The company was founded by Brogan BamBrogan, a former SpaceX engineer, in 2017. Incidentally, this was in competition with another Elon Musk-ran business, the Boring Company, which is currently in production of their own underground hyperloop system.

BamBrogan was also working with Hyperloop One, now known as Virgin Hyperloop One after an investment by Richard Branson (owner of the Virgin group). He left the company after a legal dispute between each other.

Arrivo did secure a $1 billion line of credit from Genertec, a Chinese Infrastructure company. This collapsed when Genertec pledged the line of credit to Arrivo's partners to build out a full transportation system and was not a direct investor in the company.

On a less business side of things, multiple employees also reported tense work environments and poor management. This included BamBrogan frequently using an axe to relieve stress by busting holes in the wall.

Was Arrivo's failure due to low demand, or bad business? You decide.