Elon Musk’s Boring Company raises $675 million to accelerate its tunnel-digging under cities
April 21, 2022
Elon Musk’s The Boring Company announced that it has raised $675 million in a new funding round valuing the company at $5.675 billion. It plans to use the funds to build many new boring machines and dig tunnels under more cities.
The Boring Company (TBC) wrote in a press release:
Our Series C funding round of $675 million, led by Vy Capital and Sequoia Capital, with participation from Valor…