Branson backs London tube to Scotland
Sir Richard Branson has invested in a hyperloop firm he says will transport passengers between London and Scotland in 45 minutes. His Virgin Group has formed a partnership with Los Angeles-based Hyperloop One, developing a method of propelling passengers and freight in pods through low pressure tubes at high speed.
Virgin described it as “the world’s most revolutionary train service”. The company will be rebranded Virgin Hyperloop One and Sir Richard will join the board.
It is aiming to achieve speeds of up to 670mph and have “operational systems” ready by 2021. Sir Richard said: “I am convinced this groundbreaking technology will change transportation as we know it and dramatically cut journey times.”
Trains between London and Edinburgh now take about four hours and 20 minutes; flights last an hour and 20 minutes.
The hyperloop concept was launched by the Tesla boss Elon Musk in August 2013, though he is not associated with Hyperloop One.