Virgin Hyperloop One is currently courting investment in Saudi Arabia with an eye toward building one of its high-speed transports in the Kingdom. But trouble at the top of the company threatens to shake investor confidence. One Hyperloop director of the board was arrested over the weekend, and yesterday, three others were replaced.
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Following a report that detailed numerous sexual harassment and assault allegations against Shervin Pishevar, the venture capitalist is taking a leave of absence from Virgin Hyperloop One and VC firms Sherpa Capital and Silicon Foundry. Pishevar released a statement today announcing his departure, saying that it was his own decision. He noted that he is going to focus on the defamation lawsuit he filed against Definers Public Affairs, the organisation Pishevar has claimed is responsible for a "smear campaign" against him.