Published: Fri, October 13, 2017
Markets | By Noel Gibbs

After Richard Branson Investment, It's Now 'Virgin Hyperloop One'

After Richard Branson Investment, It's Now 'Virgin Hyperloop One'

Hyperloop One said Branson's Virgin Group would take the company global and rebrand itself as Virgin Hyperloop One in the near future. "Earlier this summer I was fortunate to visit the site and see first-hand the exciting technology being tested", Richard Branson wrote in a blog post announcing the investment from Virgin Group.

Other people have also worked on the concept as well, such as Elon Musk, who said he was given permission by the USA government in July to proceed with plans to build a high-speed Hyperloop train from NY to Washington, D.C.

"Passengers and cargo will be loaded into a pod, and accelerate gradually via electric propulsion through a low-pressure tube", Branson said. In August this year Hyperloop One successfully managed to fire a pod at 192mph.

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The technology for Hyperloop One is now in the early stages of commercialisation, after the successful completion of the first full-scale hyperloop systems test.

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

The idea of a Hyperloop has been around for half a decade now.

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Mr Branson joined a $85m funding round of Hyperloop One last month, which valued the company at more than $700m, according to Recode. A hyperloop track could transport passengers from San Francisco to Los Angeles in as little as 30 minutes.

But in order to build an operational system in the short timespan Hyperloop wants to achieve, it not only has to prove the technology is capable of safely reaching the super-fast speeds Hyperloop One proclaims it can hit. The air-tight tubes need to be closer to true vacuum, the maglev acceleration needs to increase which will require more power, and protecting hyperloop tracks from environmental factors such as earthquakes is still a major concern. Not only that, but a new investment from Branson and Virgin Group are bringing about a bit of a name change at the offices of Hyperloop.

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