Published: Thu, October 12, 2017
Research | By Jo Caldwell

Virgin Hyperloop One announced

Virgin Hyperloop One announced

Hyperloop: Richard Branson invested in new company.

"Ever since our creation, Virgin has been known for disruption and investing in innovative companies", said Branson.

Branson, who described the endeavor as the world's most revolutionary train service, said that as a train owner (his company owns a train network in the United Kingdom in addition to an airline and other ventures), he felt this is something he wants to be able to operate. The pods float above the tube's surface using magnetic levitation and are propelled via electric propulsion.

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.

Virgin Group announced Thursday that it has invested in Hyperloop One, a startup that's working on constructing the high-speed transit system Elon Musk first outlined in a white paper in 2013.

Trains: Hyperloop floats above the surface of the tube.

Virgin Hyperloop One will join Sir Richard's sprawling business empire, which includes high-speed rail investments in Virgin Rail and his space flight venture Virgin Galactic.

He said that the operation was only in the "early stages" of commercial development, but that he was looking forward to creating a global passenger service.

He said: "Projected journey times in the United Kingdom include Edinburgh to London in 50 minutes".

'This is just the latest example'.

"After visiting Hyperloop One's test site in Nevada and meeting its leadership team this past summer, I am convinced this groundbreaking technology will change transportation as we know it and dramatically cut journey times", Branson said in a statement.

'The maximum distance travelled is 436 metres, with a peak acceleration of 1.48 Gs - equal to 0 to 60mph in 1.85 seconds.

Branson said the company was working on "exciting projects" around the world but no lines have been confirmed as yet.

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