About The Boring Company
The Boring Company (TBC) is an American infrastructure, tunnel construction, and equipment company founded by Elon Musk to solve urban traffic congestion by building safe, fast-to-dig, and low-cost underground transportation tunnels. Its flagship product is the Loop system — an underground electric vehicle transit network — and its proprietary Prufrock tunnel boring machine. The company's goal is to increase tunneling speed and reduce costs by a factor of 10 or more.
Company details
Funding
Total raised
$908M
Last stage
Growth
Investors
Founders
Steve Davis
President of The Boring Company and a key lieutenant of Elon Musk. Also led The Boring Company's day-to-day operations.
Elon Musk
Founder of The Boring Company, also CEO of Tesla and SpaceX. Founded The Boring Company in 2016 originally as a subsidiary of SpaceX before spinning it off as a separate corporation in 2018.
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