The Boring Company
The Boring Company Logo

The Boring Company

The Boring Company creates safe, fast-to-dig, and low-cost transportation, utility, and freight tunnels.

About

Founded

2016

Headquarters

Bastrop, Texas

Industry

Mobility & Transportation, Hardware

Company Description

To solve the problem of soul-destroying traffic, roads must go 3D, which means either flying cars or tunnels. Unlike flying cars, tunnels are weatherproof, out of sight and won't fall on your head. A large network of tunnels many levels deep would fix congestion in any city, no matter how large it grew (just keep adding levels). The key to making this work is increasing tunneling speed and dropping costs by a factor of 10 or more – this is the goal of The Boring Company. Fast to dig, low cost tunnels would also make Hyperloop adoption viable and enable rapid transit across densely populated regions, enabling travel from New York to Washington DC in less than 30 minutes.

Quick Links

WebsiteJobs

Funding

Total Raised

$913 million

Valuation

$5.675 billion

Significant Investors

Sequoia Capital, 8VC, Craft Ventures, Founders Fund, Vy Capital, Valor Equity Partners

Company Traction

  • The Boring Company completed the R&D Tunnel, a tunnel located in Hawthorne, California, in December 2018.
  • The Boring Company completed LVCC Loop, a tunnel with a capacity for 4,500 passengers per hour connecting the Las Vegas Convention Center, in April 2021.

Leadership Team

  • Elon Musk: Founder & CEO of The Boring Company. CEO of SpaceX, Tesla, and Twitter.
  • Steve Davis: President of The Boring Company.
  • Arun Prakash: CFO at The Boring Company. Former CFO at Cerebri AI.
  • Sean Sims: Head of Loop Safety & Security at The Boring Company.
  • Nicholas Wood: Head of TBM Business Operations at The Boring Company. Former Business Lead at Washington Hyperloop.
  • Mike Baier: Director, Electrical and Software Engineering at The Boring Company. Former VP of Advanced Development at Vecna Robotics.

Press

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