Skip to main content

RICHARD BRANSON BREAKS NEW GROUNDS WITH HYPERLOOP ONE


Hyperloop One said Branson's Virgin Group would take the company global and rebrand itself as Virgin Hyperloop One in the near future

Richard Branson Takes Another Bet On The Future With Hyperloop One
Last month, Hyperloop One raised $85 million in new funding

British billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems.

Hyperloop One said Branson's Virgin Group would take the company global and rebrand itself as Virgin Hyperloop One in the near future. 


Branson has joined the board of Hyperloop One, which will develop pods that will transport passenger and mixed-use cargo at speeds of 250 miles per hour (402 km per hour).

The company did not disclose the size of the investment.

Hyperloop One was originally conceptualized by Elon Musk. He recently received verbal approval to start building the systems that would link New York and Washington, cutting travel time to about half an hour.

Last month, Hyperloop One raised $85 million in new funding, bringing the total financing raised to $245 million since it was founded in 2014.

Hyperloop One's co-founders, executive chairman Shervin Pishevar and president of engineering Josh Giegel, have previously worked at Virgin Galactic.

Virgin Galactic is Branson's space company, which in 2016, was granted an operating license to fly its passenger rocketship with the world's first paying space tourists once final safety tests are completed.

"Virgin Hyperloop One will be all-electric and the team is working on ensuing it is a responsible and sustainable form of transport," Virgin Group said in a statement.
Labels:

Comments

Post a Comment

Popular posts from this blog

TOURISM: NIGERIA

The temple of  Yoruba  goddess  Oshun at  Osun-Osogbo , an attraction for pilgrims and tourists alike. African Bush Elephants  in  Yankari National Park ,  Bauchi State . Tourism in  Nigeria  centers largely on events, due to the country's ample amount of ethnic groups, but also includes  rain forests ,  savannah ,  waterfalls , and other natural attractions. Not also forgetting the enormous potentials of its hospitality sector which is capable of giving you a treat of a life time. The climatic condition in the country is welcoming and the transportation system is most of all adventurous. Come! Visit Nigeria and experience the pleasures of Paradise. Adventure awaits you!
Post a Comment
Read more

U.S LAW MAKER CALLS FOR MORE VETTING OF PAKISTANS PASSENGERS

  President Trump said the New York attacker, Sayfullo Habibullaevic Saipov, who plowed a pickup truck down a crowded bike path near the World Trade Centre, was allowed to enter the US under the "Diversity Lottery Programme" President Donald Trump vowed that he will terminate the popular green card lottery. Washington:  A top American lawmaker today called for "more vetting" of people coming in the US from Pakistan, blaming the country of having large terrorist presence. President Donald Trump yesterday vowed that he will terminate the popular green card lottery after an ISIS-inspired Uzbek man who entered the US under the programme killed eight people in New York in the deadliest terror attack in the country since 9/11.  "If a person is coming from a country which has a strong terrorist presence, there should be more intense vetting and investigation than there would be from someone not coming from a country similar to that,...
Post a Comment
Read more

PARENTS OCCUPY CATALAN SCHOOLS AHEAD OF POLL

The Latest on Catalonia's plans to hold a referendum Sunday on breaking away from Spain (all times local) 8 p.m. Ruben Satinya wasn't sure he would vote in favor of independence for Catalonia in Sunday's disputed referendum, but the Spanish government's effort to prevent the poll from taking place has convinced him to vote in favor of a break with Spain. He is spending the night at his child's Congres-Indians school in Barcelona, hoping to be joined by many other activists before police are expected arrive at 6 a.m. Sunday to clear the school to keep it from being used as a voting station. Satinya doesn't expect police to forcibly take them out of the school if the crowd is large enough to make removals difficult. He says "I am Catalan, but my fight is for social and civil rights, and that is what this about." He adds "I believe in the basic right of self-determination." ——— 6:00 p.m. A grassroots group tha...
Post a Comment
Read more