Hyperloop One rebrands as 'Virgin Hyperloop One' after investment by Richard Branson

Cornelia Mascio
Ottobre 12, 2017

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.

Hyperloop One has been rebranded as "Virgin Hyperloop One" following an unspecified investment by the company.

Virgin Group announced Thursday that it has invested in Hyperloop One, a startup that's working on constructing the high-speed transit system Elon Musk first outlined in a white paper in 2013.

Richard Branson is jumping on the Hyperloop train, the transport concept which could reduce the time it takes to travel between London and Edinburgh to just 50 minutes. As a result, the company is rebranding as "Virgin Hyperloop One".

Resembling a latter-day Johann Sebastian Bach lost in Margaritaville, Branson has made a decision to add high-speed tubes to his portfolio of transit companies already in the Virgin Group, which includes two regular-speed train divisions, Virgin Atlantic (planes), and Virgin Galactic (commercial space flight, eventually). Virgin Hyperloop One will also be all-electric. We're pleased to be working with the co-founders, Executive Chairman Shervin Pishevar and President of Engineering Josh Giegel, who previously worked at Virgin Galactic, and their experienced executive team.

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