The conglomerate Virgin Group today announced its investment in the company’s projects Hyperloop One, a startup dedicated to the creation of high-speed transportation system of the new generation and recently demonstrated a working prototype. In addition to monetary investments and the involvement of sir Richard Branson, General enterprise in the near future will be renamed Virgin Hyperloop One. In his statement, Branson described the Hyperloop system “the most revolutionary propulsion system”.
The power of the Virgin brand, coupled with the speed with which the Hyperloop One could develop a prototype, promise the imminent arrival of a new transportation system. We can say that the name Branson itself is a famous brand, and the deep connection the Executive Director of the Virgin with many technology companies and public services can contribute to the reduction and acceleration of bureaucratic procedures, which definitely will face anyone who dare to engage in such developments.
Richard Branson next to the prototype of the Hyperloop tunnel One
However, it’s unclear how much of the investment in question, however, in the framework of previous projects funding third-party projects featured sum in the region of 85 million dollars.
Virgin and Richard Branson has signed a cooperation with the Hyperloop One
Nikolai Khizhnyak