Richard Bran­son In­vests in Hy­per­loop One

The Economic Times - - Around The World -

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 402 km per hour. Hy­per­loop One was orig­i­nally con­cep­tu­alised by Elon Musk. In July, Musk said he had re­ceived ver­bal ap­proval to start build­ing the sys­tems that would link New York and Wash­ing­ton, cut­ting travel time to about half an hour. The In­de­pen­dent

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