Richard Branson gets onboard Hyperloop One


Breaking

View the original article: https://www.rt.com/business/406572-richard-branson-hyperloop-one-rebrand/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Richard Branson’s Virgin Group has taken an unspecified stake in Hyperloop One, the Los Angeles-based company developing a super-fast pod-based transportation system. The project is rebranding itself as ‘Virgin Hyperloop One.’

Read more

‘We made history’: Hyperloop One completes first successful test (PHOTOS, VIDEO)

“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.

The maverick British billionaire will join the company board and take charge of developing pods that will transport passengers and cargo at speeds of over 400 kilometers per hour (kph), with a theoretical possibility of reaching 700 kph.

“Virgin has been known for investing in and creating innovative companies over the years, and I look forward to making history together as we bring Hyperloop to the world as Virgin Hyperloop One,” the businessman added.

The Hyperloop high-speed transport technology was proposed by US billionaire and investor Elon Musk in 2013. Traveling via Hyperloop is expected to be twice as fast as an airplane and four times faster than a high-speed train. The system pledges to be safe and will be run by solar energy.

“Virgin Hyperloop One will be all-electric, and the team is working on ensuring it is a responsible and sustainable form of transport,” Virgin Group said.

The system uses magnets to lift pods above a track inside an airless tube, creating conditions in which the floating pods could move people or cargo.

Last month, Hyperloop One raised $85 million in new funding, bringing the total financing raised to $245 million since it was founded three years ago.

The start-up is reportedly working on projects in the Middle East, Europe, India, and Canada.

Virgin group is not a newcomer to the transportation industry. Apart from airlines, cruise ships and rail franchises the company is working on the world’s first commercial space travel.

In the same category are

Man sets himself ablaze in Warsaw in apparent protest against ruling party A man set himself alight in front of Palace of Culture in Warsaw on Thursday in an apparent bid to send a political message to the ruling conservative...
US envoy to UN ratchets up anti-Russian rhetoric: ‘election meddling’ was warfare The US ambassador to the UN, Nikki Haley, has raised the stakes in Washington's war of words against Russia, describing its unproven “meddling” in the...
McCain threatens White House with subpoena for info on Niger attacks Senator John McCain (R-Arizona) says that he will subpoena the White House for information regarding the recent attacks in Niger, which killed four US...
Anti-Russia ‘propaganda’ group urges reporter to drop story on CIA arming Syrian rebels Published time: 20 Oct, 2017 03:54 A group that claims to be fighting against Russian propaganda and “fake news” is asking a reporter not to pursue in...
Pollution killed 9mn people in a year, 2.5mn in India – study Published time: 20 Oct, 2017 03:56 Deaths caused by pollution topped 9 million in 2015, or three times the figure from AIDS, tuberculosis and malaria ...
‘New blood’ or progressive purge? Democrats reshuffle party posts The leadership at the Democratic National Committee carried out an extensive staff purge ahead of their fall meeting in Las Vegas, creating alarm on t...

Dont forget to “Like” us on Facebook


Need something to share, visit our sister site for the

‘News in the last 30 days”

in a clear concise package ….

 

If you are an artist or interested in art, visit our art website and read about todays artscene and browse some of our artist profiles

 

Comment on this story