Hyperloop One Gets 'Virgin' Name Following Branson Investment

Cesar Mills
October 13, 2017

"Virgin is an iconic brand, and having Richard as an ally will help strengthen our mission to spread Hyperloop One throughout the world", Hyperloop One co-founder Shervin Pishevar said in a statement.

Sir Richard has led an $85m (£65m) investment in Hyperloop One, a California-based company that is the first to successfully test the high-speed magnetic levitation technology. Musk initially said he would leave construction of a hyperloop to others and would simply provide support for pod design through SpaceX's competition, but after starting a tunnel boring company, he chose to go ahead and build a hyperloop of his own.

Over the next couple of months, the company will rebrand itself as Virgin Hyperloop One. It's now "Virgin Hyperloop One", following an investment by Richard Branson's Virgin Group.

With Virgin Hyperloop One, passengers and cargo will be loaded into a pod and accelerate gradually via electric propulsion through a low-pressure tube.

In a blog post that describes the transport initiative as "the world's most revolutionary train service", Branson says Hyperloop is "an incredibly innovative and exciting new way to move people and things at airline speeds on the ground".

Trains: Hyperloop floats above the surface of the tube.

Laurent Koscielny to Return from Achilles Injury for Arsenal vs
The German global limped off with a hamstring problem during their World Cup qualifier win over Azerbaijan . Koscielny has won 19 aerial duels for Arsenal this season.

Gunfight in Hajin, two militants, two soldiers killed
According to reports, mobile internet service was suspended to maintain law and order situation following the encounter. Recently Khalid carried out attack on the special police officer and his seven-year-old son who was killed at Handwara.

Who needs what for World Cup qualification
The World Cup finals run from June 14 to July 15 in 12 venues spread across 11 cities including Moscow, St Petersburg and Sochi. Europe: Belgium , England , Germany , Iceland , Poland , Russia (as hosts), Serbia , Spain , France , Portugal .

Branson and his company, Virgin Group, are investing an undisclosed sum in the startup to kick off a new global partnership.

He said: "Projected journey times in the United Kingdom include Edinburgh to London in 50 minutes".

From now on the company, which is currently making rapid progress on its test track in Nevada, will be rebranded as Virgin Hyperloop One.

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.

In August, the Hyperloop traveled nearly the entire length of the track and reached a top speed of 192 miles per hour.

"This is just the latest example".

Other reports by GizPress

Discuss This Article

FOLLOW OUR NEWSPAPER