Sunday, 22 October, 2017

Richard Branson and Virgin Group invest in Hyperloop One

The vacation also marked Obama's return to his love of watersports activities he couldn't participate in while he served as president The vacation also marked Obama's return to his love of watersports activities he couldn't participate in while he served as president
Heather Davidson | 13 October, 2017, 00:40

"Virgin is an iconic brand, and having Richard as an ally will help strengthen our mission to spread Hyperloop One throughout the world", Hyperloop One co-founder Shervin Pishevar said in a statement.

So Hyperloop One may be the furthest along in developing the futuristic transportation network, but it still has a long way to go.

The company announced Thursday that Branson and Virgin Group have invested an unspecified sum of money into the project, leading to the rebranding and creation of a "strategic partnership" that sees Branson join Hyperloop One's board of directors.

Hyperloop trains work by loading passengers and cargo on to a pod which is accelerated to speeds of nearly 700mph inside a sealed low-pressure tube using electric propulsion. Branson noted in a blog post that he also visited Hyperloop One earlier this summer to view its technology first-hand, at the Hyperloop One DevLoop test track site in Nevada outside Los Vegas.

Trump Nominates Kirstjen Nielsen As Next Homeland Security Secretary
Nielsen would be the first former DHS staffer to lead the department, which was created by former President George W. She attended the Georgetown School of Foreign Service and the University of Virginia Law School.

U.S. shows off bombers again over Korea
In a pair of tweets sent Saturday afternoon, Trump said past agreements with North Korea have all been violated. North Korean hackers have a history of stirring up trouble, as they have been at it for years.

When Nirmla Sitharaman taught Chinese soldiers Hindi at Nathu La
It should consider deepening strategic security communication with China, which can enhance mutual trust between China and India. New Delhi also needs to give up its pursuit of Washington and Tokyo support to deploy as a bargaining chip against Beijing.

Several companies have been dabbling in hyperloop technology since Elon Musk released basic plans for the transit system several years ago, but none are as close to reality as Hyperloop One.

The presser adds that Virgin has been seeking ways to invest in innovative companies, including airlines, trains and even space travel. "From our airlines to our trains to our spaceline, we have always been passionate about innovation in transport too, especially the development of technology that could transform people's lives". The company's vision is for the magnetic-based system to be used as a major mode of transport between cities, eventually reaching speeds of around 760mph, and potentially connecting London to Edinburgh in 50 minutes.

'This is just the latest example'.

"I was very impressed and now look forward to helping turn this cutting-edge engineering into a global passenger service", Branson said. Branson attended and said he saw "firsthand the exciting technology being tested".

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