Monday, 23 October, 2017

Hyperloop One gets Richard Branson on board

After the Obamas handed the White House over to President Donald Trump and First Lady Melania Trump Michelle reportedly said'We're free After the Obamas handed the White House over to President Donald Trump and First Lady Melania Trump Michelle reportedly said'We're free
Kristine Garrett | 12 October, 2017, 18:45

The Hyperloop concept was invented by Elon Musk, but Hyperloop One is a separate company and one of many working on the transport technology.

Sir Richard Branson's Virgin Group has invested an undisclosed amount in Hyperloop One, the frontrunner of a number of companies competing to bring Elon Musk's futuristic vision of a magnetically-propelled high-speed transport system to life. As part of deal, the startup will rebrand as Virgin Hyperloop One and Branson will join the board.

The Virgin founder also noted his commitment to ensuring Hyperloop One remains all-electric, and "is a responsible and sustainable form of transport".

Resembling a latter-day Johann Sebastian Bach lost in Margaritaville, Branson has chose 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).

In 2013, Musk pitched an idea for entrepreneurs to create a massive vacuum tube that could one day transport someone from Los Angeles to NY in 45 minutes.

Hyperloop One is headed by Shervin Pishevar, a Silicon Valley venture capitalist best known as an early investor in Uber. "Hyperloop technology has been explicitly open-sourced and others have been encouraged to take the ideas and further develop them".

But Hyperloop One has not been without controversy. Hyperloop One lost its cofounder, Brogan BamBrogan, in a messy lawsuit alleging physical threats and financial misconduct against his co-founder and other company executives.

"With Virgin Hyperloop One, passengers and cargo will be loaded into a pod, and accelerate gradually via electric propulsion through a low-pressure tube".

In July, Musk dropped the H-word in a tweet about the project: "Just received verbal govt approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop".

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