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Elon Musk's tunnel company The Boring Company made a special request to some investors in the latest round of financing: if they want to participate in this round of investment, they must assist the company in business construction. According to people familiar with the matter, the company told some investors in this round that they needed to help the company recruit employees or help expand its business, such as introducing government officials to regions where the company plans to build tunnels. According to people familiar with the matter, The Boring Company develops tunneling equipment and claims that compared to traditional construction companies, underground excavation costs are lower. The company recently completed a round of financing, valued at around $20 billion. People familiar with the matter said that The Boring Company has listed some open positions for prospective investors; if investors are unable to provide suitable candidates, Boring Company has the right to buy back some of its shares. The company did not respond to requests for comment.
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Elon Musk's tunnel company The Boring Company made a special request to some investors in the latest round of financing: if they want to participate in this round of investment, they must assist the company in business construction. According to people familiar with the matter, the company told some investors in this round that they needed to help the company recruit employees or help expand its business, such as introducing government officials to regions where the company plans to build tunnels. According to people familiar with the matter, The Boring Company develops tunneling equipment and claims that compared to traditional construction companies, underground excavation costs are lower. The company recently completed a round of financing, valued at around $20 billion. People familiar with the matter said that The Boring Company has listed some open positions for prospective investors; if investors are unable to provide suitable candidates, Boring Company has the right to buy back some of its shares. The company did not respond to requests for comment.
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