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Virgin takes stake in Hyperloop One

The service will be all-electric and aims to be a responsible and sustainable form of transport

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The Hyperloop One technology is being tested at the DevLoop site, in Las Vegas
The Hyperloop One technology is being tested at the DevLoop site, in Las Vegas

Virgin Group has announced it has invested in Hyperloop One, a futuristic travel concept that could cut journey times between the UK cities of Edinburgh and London to just 50 minutes.

 

“This is an incredibly innovative and exciting new way to move people and things at airline speeds on the ground,” said Sir Richard Branson, founder of Virgin Group, on his blog post where he described it as the “world’s most revolutionary train service”.

 

Sir Richard writes: “Ever since our creation, Virgin has been known for disruption and investing in innovative companies. From our airlines to our trains to our spaceline, we have long been passionate about innovation in transport too, especially the development of technology that could transform people’s lives. This is just the latest example.”

 

The company will rebrand as Virgin Hyperloop One following the investment.

 

With Virgin Hyperloop One, passengers and cargo will be loaded into a pod, and accelerate gradually via electric propulsion through a low-pressure tube. The pod lifts above the track using magnetic levitation and glides at airline speeds for long distances due to ultra-low aerodynamic drag.

 

The technology for Hyperloop One is said to be currently in the early stages of the commercialisation phase after the successful completion of the world’s first full scale hyperloop systems test at the firm’s DevLoop site outside Las Vegas

 

“We’re incredibly excited about the technology behind Virgin Hyperloop One and the way it could transform passengers’ lives,” added Sir Richard.

 

“Earlier this summer I was fortunate to visit the site and see first-hand the exciting technology being tested. I was very impressed and now look forward to helping turn this cutting-edge engineering into a global passenger service.”

 

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