Quay Valley, California
In March 2015, Dirk Ahlborn, the CEO of Hyperloop Transportation Technologies (HTT) in El Segundo, California announced a plan to build a hyperloop test system at the Quay Valley site. Ahlborn indicated that construction could begin in 2016 to be completed in 2017 with the first rides to begin in 2018 if his company can raise $100 million in funding. The company has said that this track will be a fully working and operational creation of the hyperloop, but that running speed will be reduced on the shortened track from Hyperloop's full potential. It is not decided whether a 5-mile loop or straight section will be constructed, and it may cross the Interstate bisecting the site. Ahlborn said that speeds up to may be possible. Quay Hays expects to break ground on the new community in 2016, including a working version of the Hyperloop, estimated to cost $100–150 million.
Jumpstarter, Inc
Hyperloop Transportation Technologies, a research company organized to bring Elon Musk's idea of Hyperloop into reality is backed by JumpStartFund. After publicizing his concept of the Hyperloop in a white paper, Elon Musk declared he could not work to create a prototype because of his busy schedule and commitments to other projects with his own companies Tesla Motors and SpaceX. JumpStartFund considered it to be their first project and started work on it using their crowd collaboration platform.
On 27.02.2015, JumpStartFund announced plans to build a 5-miles test track in California, to be built from 2016 to 2019, and financed by an IPO in 2015.