Hyperloop One rebrands as 'Virgin Hyperloop One' after investment by Richard Branson

Hyperloop One rebrands as 'Virgin Hyperloop One' after investment by Richard Branson

Branson attended and said he saw "firsthand the exciting technology being tested".

"Ever since our creation, Virgin has been known for disruption and investing in innovative companies".

Hyperloop One is developing a system theorized by entrepreneur Elon Musk for rail transport at near-supersonic speeds, and in August announced that a test of full hyperloop system at its private facility in the desert near Las Vegas was a success, hitting record speeds.

The pod quickly lifts above the track using magnetic levitation and glides at airline speeds for long distances due to ultra-low aerodynamic drag.

Virgin's plan is to focus on using Hyperloop One to transport passengers and cargo. "Virgin is an iconic brand and having Richard as an ally will help strengthen our mission to spread Hyperloop One throughout the world".

In a post on his website, Branson said he aimed to turn it into a "global passenger service" which could complete the 332-mile journey between the Scottish and United Kingdom capitals, via Manchester, in under an hour.


As a result, projected journey times in the United Kingdom include Edinburgh to London in 50 minutes.

'The maximum distance travelled is 436 metres, with a peak acceleration of 1.48 Gs - equal to 0 to 60mph in 1.85 seconds.

Virgin Group founder Richard Branson said that the investment was a good fit for the company ...

'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.

"After visiting Hyperloop One's test site in Nevada and meeting its leadership team this past summer, I am convinced this groundbreaking technology will change transportation as we know it and dramatically cut journey times", Branson said in a statement.

Meanwhile, Musk is now working part-time on a similar project, called The Boring Company.

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