The Boring Company raised $3 billion in investment at a valuation of $23 billion. Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, Andreessen Horowitz (a16z), Temasek, Shamal Holding and Baron Capital participated in the Series D round led by the United Arab Emirates.
The company founded by Elon Musk will use the investment to build more than 150 kilometers of tunnels in the United Arab Emirates and expand its projects. The Boring Company is developing underground tunnels for use in urban transportation; the Vegas Loop in Las Vegas is among the company’s prominent projects.
Why it matters
This development reveals The Boring Company’s goal of moving its approach to urban transportation beyond a single flagship project and into a large-scale application in the United Arab Emirates. The plan for more than 150 kilometers of tunnels raises the question of how the company’s technology will be used in a different urban and geographical environment, while opening up a new area of application beyond the Vegas Loop experience. The international investors participating in the round and the leadership of the United Arab Emirates show that the project is not merely part of the company’s own growth plan. However, it has not been announced in which cities and along which routes the tunnels will be built, how they will be connected to the transportation system, or when the projects will become operational.
Background
The company is not a new name in the FikirPilot archive: we have published 6 reports mentioning it in the last 90 days; the latest was dated September 9, 2026.