The Boring Company

Constructs underground tunnels for urban transportation

Bastrop, Texas, United States

About The Boring Company

The Boring Company focuses on improving urban transportation by building underground tunnels to reduce traffic congestion. Its main product is a network of subterranean tunnels that allow for quick, direct travel between points without the interference of surface traffic. The company uses advanced tunneling technology, specifically the Prufrock Tunnel Boring Machine, which can dig tunnels at a rate of one mile per week, making the process faster and more cost-effective than traditional methods. Unlike competitors, The Boring Company emphasizes the construction of weatherproof tunnels that do not disrupt existing infrastructure. Its goal is to create efficient transportation solutions that can scale with urban growth, ultimately enhancing city infrastructure and providing a zero-emissions public transit option through its Loop system.

Bastrop, TexasHeadquarters
2016Year Founded
$882.8MTotal Funding
SERIES_CCompany Stage
Automotive & Transportation, Industrial & ManufacturingIndustries
501-1,000Employees

Benefits

Medical, dental, & vision coverage
401(k)
Paid holidays
Paid vacation
Competitive equity

Risks

Safety violations in Vegas tunnel could lead to fines and project delays.
Environmental violations may damage reputation and affect future contracts.
High capital expenditure on new projects could strain financial resources.

Differentiation

The Boring Company uses proprietary Prufrock TBM for faster, cost-effective tunneling.
Their Loop system offers zero-emissions, direct-to-destination underground transit.
They focus on scalable urban infrastructure solutions for traffic congestion relief.

Upsides

Increased urban congestion boosts demand for The Boring Company's tunneling solutions.
Closure of Hyperloop One reduces competition in underground transportation.
Expansion of Vegas Loop indicates potential for increased ridership and revenue.

Funding

Total raised$882.75 M
Latest valuation$5.70 B
StageSERIES_C