BUSINESS

Hyperloop One gets Richard Branson on board

Richard Branson poses after unveiling the new SpaceShipTwo, a six-passenger two-pilot vehicle meant to ferry people into space. (Reuters)

Los-Angeles-based company, Hyperloop One said billionaire Richard Branson’s Virgin Group has invested in the company to form a strategic partnership.

Branson joined the board of Hyperloop One and the company would rebrand itself as Virgin Hyperloop One in the coming months, Hyperloop said in a statement on Thursday.

The size of the investment was not disclosed.

Hyperloop One, the concept of which originated in a paper by Tesla Inc’s Elon Musk, is developing a futuristic high-speed transport system.

Virgin Group did not immediately respond to a request for comment.

SHOW MORE
Last Update: Thursday, 12 October 2017 KSA 18:44 - GMT 15:44
Top
BREAKING NEWS

Send to a friend

Close
Hyperloop One gets Richard Branson on board
Friend's name:
Friend's Email:
Sender's name:
Sender's Email:
Captcha Code
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed