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Richard Branson invests in Hyperloop One

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Staff Writer |
Hyperloop One
Transportation   The strategic partnership

Richard Branson and his Virgin Group have invested in the Los Angeles-based tube transportation Hyperloop One.

The startup, which intends to create an ultrafast tube transportation system, was named Virgin Hyperloop One after the announcement of the strategic partnership that allows Branson to join the board of directors.

In a statement released by Virgin on Thursday and credited to Branson, the entrepreneur noted that the new Virgin Hyperloop One could bring airline speeds to the ground.

"Passengers and cargo will be loaded into a pod, and accelerate gradually via electric propulsion through a low-pressure tube," Branson said.

"The pod quickly lifts above the track using magnetic levitation and glides at airline speeds for long distances due to ultra-low aerodynamic drag."

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