Hyperloop One forms partnership with Richard Branson’s Virgin

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Credit: Hyperloop One.
Credit: Hyperloop One.

Hyperloop Once has announced that it has formed a global strategic partnership with Richard Branson’s Virgin Group.

Under the deal the company will be rebranded ‘Virgin Hyperloop One’ and Branson will join the board of directors.

The global strategic partnership will focus on passenger and mixed-use cargo service in addition to the creation of a new passenger division.

Hyperloop One said that, depending on the market, other brands could be used globally as well.

In a statement released on Virgin’s website, Richard Branson said: “Delighted to announce Virgin Group’s investment in Hyperloop One – the world’s most revolutionary train service.


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“This is an incredibly innovative and exciting new way to move people and things at airline speeds on the ground.”

Hyperloop One co-founder Shervin Pishevar said: “For more than 20 years, Richard and Virgin have been at the forefront of transportation innovation, and a partnership with them feels like a natural fit.”

Virgin is known for its diversity with a number of successful businesses in different sectors, such as the British train operator Virgin Trains.

The technology for Hyperloop One is currently in the early stages of commercialisation after the successful completion of the world’s first full scale hyperloop systems test – of which Branson visited – earlier this year.


Read more: ‘Exciting but there are many problems to solve’ – one British engineer’s view of Hyperloop


 

8 COMMENTS

  1. Why not. Richard Branson does have his own money to use it on building the new hyperloop that he’s planning to build that will go from London to Scotland. Even though HS2 is planned to be built which will take roughly 10-11 years to be built. Along the new trains that will be ideal for HS2 and can reach speeds of 200mph.

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