Richard Branson To Invest In Elon Musk's Hyperloop One

  • Richard Branson To Invest In Elon Musk's Hyperloop One

Richard Branson To Invest In Elon Musk's Hyperloop One

Recently, the Virgin Group led by Richard Branson, announced their investment in what they're calling "the world's most revolutionary train service" - the Hyperloop One.

The British billionaire has announced an investment in Hyperloop One by Virgin Group, which will now be renamed Virgin Hyperloop One. "Importantly, Virgin Hyperloop One will be all-electric and the team is working on ensuing it is a responsible and sustainable form of transport, too".

The investment hasn't come out of nowhere, however.

Josh Giegel, co-founder of Hyperloop One, said "the combination of our proven technology and Virgin's expertise in transportation, operations, safety and passenger experience will accelerate the commercialisation phase of our company's development".

Hyperloop trains work by loading passengers and cargo on to a pod which is accelerated to speeds of nearly 700mph inside a sealed low-pressure tube using electric propulsion. Hovering above the track, the 3.3-metre-diameter pods would be able to travel at airline speeds for long distances due to ultra-low aerodynamic drag. "We're incredibly excited about the technology behind Virgin Hyperloop One and the way it could transform passengers' lives".

After Elon Musk laid down his hyperloop challenge back in 2013, Hyperloop One has emerged as a big player in the race to get a fully functional hyperloop system up and running.

The hyperloop works by propelling pods through tubes using magnets reaching speeds akin to those of airplanes. Projected journey times in the United Kingdom include Edinburgh to London in 50 minutes.

"Earlier this summer I was fortunate to visit the site and see first-hand the exciting technology being tested", said Branson.

Right now it creates the impression that Hyperloop One's business will stay on track with the rebrand, and it's most likely something to be thankful for to have a nearby tycoon companion with an enthusiasm for future methods of transport when you're attempting to assemble a spic and span kind of rapid ground travel.