Hyperloop One also announced on Wednesday that it has built a prototype pod designed to carry people or cargo through the systems low-pressure tubes.
Earlier this year the company disclosed a list of locations around the world vying to put near-supersonic rail transit system to the test. Viable submissions had to be condoned by government agencies that would likely be involved in regulating and, ideally, funding the futuristic rail.
Hyperloop One wants to get three systems underway, chief executive Rob Lloyd told AFP at the time.
The startup, which has raised more than $160 million, was established on an idea laid out by billionaire Elon Musk, the entrepreneur behind electric car company Tesla and private space exploration endeavor SpaceX. Pods would rocket along rails through reduced-pressure tubes at speeds of 1,200 kilometers (750 miles) per hour.
Hyperloop One says the system offers better safety than passenger jets, lower build and maintenance costs than high-speed trains, and energy usage, per person, that is similar to a bicycle.
Port colossus DP World Group of Dubai last year invested in the concept, joining backers including French national rail company SNCF, US industrial conglomerate General Electric and Russian state fund RDIF.