Hyperloop One Receives Investment from Virgin Group, Becomes "Virgin Hyperloop One"

13 October, 2017, 00:41 | Author: Becky Perry
  • Richard Branson's Virgin Group has invested in Hyperloop One
Credit
Virgin Hyperloop One

The terms of the deal weren't disclosed, but the investment was significant enough that Hyperloop One will now be called Virgin Hyperloop.

Now that Richard Branson and Virgin Group have thrown their support behind Hyperloop One, two billionaire transportation moguls will be competing to build the high-speed ground transit of the future.

Over the next couple of months, the company will rebrand itself as Virgin Hyperloop One.

Richard Branson and his Virgin Group have invested in the Los Angeles-based tube transportation Hyperloop One.

"This is an incredibly innovative and exciting new way to move people and things at airline speeds on the ground", Branson wrote in a Virgin blog post.

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The technology is going through trials on a 500-metre test track and the company, now known as Virgin Hyperloop One, hopes to make it commercially viable.

The entrepreneur has announced an investment in Hyperloop One start-up, the most advanced firm to have taken up Elon Musk's open-sourced tube transportation idea. The air-tight tubes need to be closer to true vacuum, the maglev acceleration needs to increase which will require more power, and protecting hyperloop tracks from environmental factors such as earthquakes is still a major concern.

Eventually the magnetic levitation tech could reach target speeds of over 700mph, which would reduce the journey time from London to Edinburgh down to 50 minutes. "I was very impressed and now look forward to helping turn this cutting edge engineering into a global passenger service". "From our airlines to our trains to our spaceline, we have always been passionate about innovation in transport too, especially the development of technology that could transform people's lives".

'This is just the latest example'.

The customer experience of the pod is something that we definitely want to lean on Richard's and the Virgin Group's experience to create an experience when you walk into a hyperloop pod.

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