Published: Thu, October 12, 2017
Sci-tech | By Carrie Guzman

Virgin's Richard Branson backs Hyperloop One

Virgin's Richard Branson backs Hyperloop One

Richard Branson is testing technology for a "hyperloop" train he says could reduce journey times between Edinburgh and London to 50 minutes.

High-speed transportation company Hyperloop One, which landed $85 million in additional funding last month, revealed today that it has gained a new board member in business magnate Richard Branson, whose Virgin group was secretly responsible for an unnamed portion of that funding.

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

Virgin's plan is to focus on using Hyperloop One to transport passengers and cargo.

Hyperloop One has conducted two tests at its Nevada facility in 2017, including a July test in which the pod reached 192 miles per hour.

The hyperloop works by propelling pods through tubes using magnets reaching speeds akin to those of airplanes.

Not only that, but a new investment from Branson and Virgin Group are bringing about a bit of a name change at the offices of Hyperloop. "Virgin is an iconic brand and having Richard as an ally will help strengthen our mission to spread Hyperloop One throughout the world".

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He also emphasized the importance of transparency and the need for the evidence behind the accusations to be known, Nauert said. On Monday, Istanbul prosecutors summoned another Turkish national working for the US consulate to testify.

"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".

"I was very impressed and now look forward to helping turn this cutting-edge engineering into a global passenger service", Branson said.

The maximum distance travelled was 436m, with a peak acceleration of 1.48G (0-100km/h in 1.85 seconds).

'This is just the latest example'.

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

Branson said the company was working on "exciting projects" around the world but no lines have been confirmed as yet.

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