Hyperloop One is also rebranding to Virgin Hyperloop One. By GCR staff0 CommentsThe race to commercialise Elon Musk's futuristic Hyperloop vacuum-tube transport system ramped up yesterday when it was announced that Sir Richard Branson's Virgin Group would invest in Hyperloop One, one of the companies set up to develop it. Headquartered in Los Angeles, the company was Co-founded by Executive Chairman, Shervin Pishevar and President of Engineering, Josh Giegel, and is led by CEO Rob Lloyd. The pod quickly lifts above the track using magnetic levitation and glides at airline speeds for long distances due to ultra-low aerodynamic drag.
Hyperloop One successfully tested its propulsion system on a short Las Vegas track in 2016.
The company did not disclose the size of the investment.
Over the next couple of months, the company will rebrand itself as Virgin Hyperloop One.
Virgin Hyperloop One seems set to take on the world with help from Branson.
"Our goal is to make travel fun again".
"Ever since our creation, Virgin has been known for disruption and investing in innovative companies", burbled Beardy's PR flunkies. It has so far reached a top speed of 192mph along a 500m low-pressure tube at the start-up's test centre in the Nevada desert. The infamous High Speed Two railway line, planned to run between London and various Midlands cities, is supposed to run at around 400kph (250mph) using conventional electric trains on newly built track.
One of its spaceships was involved in a fatal crash in October 2014, after which an investigation by the US National Transportation Safety Board found that the pilot had unlocked the spaceship's "feather system" prematurely resulting in the vehicle breaking apart mid-air. Among all of the honey pots Virgin has dipped its hand in over the years are ventures in travel, commercial spaceflight, and commercial aviation, so Virgin has been around the block a few times when it comes to getting people from point A to point B. We'll see just how much of an asset Virgin's know-how is to the development of Hyperloop One soon enough, so stay tuned.
Australian-listed telecommunications company Sky and Space Global announced in June a year ago that it had signed a letter of intent with Virgin Galactic to use its vehicle LauncherOne to launch up to 200 nano-satellites into space from 2018. During this trial they used full-scale Hyperloop passenger pods at their DevLoop site in Nevada, in the US.