Sunday, 22 October, 2017

Hyperloop One becomes 'Virgin Hyperloop One' with Virgin Group investment

The vacation also marked Obama's return to his love of watersports activities he couldn't participate in while he served as president The vacation also marked Obama's return to his love of watersports activities he couldn't participate in while he served as president
Garry Little | 13 October, 2017, 00:40

Branson, who described the endeavor as the world's most revolutionary train service, said that as a train owner (his company owns a train network in the United Kingdom in addition to an airline and other ventures), he felt this is something he wants to be able to operate.

The startup, which intends to create an ultrafast tube transportation system, was named Virgin Hyperloop One after the announcement of the strategic partnership that allows Branson to join the board of directors. Now Virgin CEO Richard Branson is looking to own the next leap forward in human transportation.

Virgin Group founder Richard Branson announced earlier today that Virgin Group is investing in Hyperloop One, which recently acquired additional funding from investors last month.

"You may first have heard of the original hyperloop name through Elon Musk", Branson wrote in a blog post announcing the deal.

Hyperloop One, which has previously raised more than $160 million, is working to develop a pod system that can travel at up to 750 miles per hour with better safety than passenger jets, and lower build and maintenance costs than high-speed trains.

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 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.

'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.

Previous estimates for hyperloop journey times include a 338-mile route between Glasgow, Edinburgh and Liverpool in 38 minutes.

"This is just the latest example". Branson attended and said he saw "firsthand the exciting technology being tested".

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