Richard Branson’s Virgin Group invests in Hyperloop One

Richard Branson’s Virgin Group invests in Hyperloop One
Sir Richard Branson (center) pictured in front of the Hyperloop One technology. Photograph: Virgin Hyperloop One

The British entrepreneur says he wants to make ‘airline speeds on the ground’ a reality, while engineering experts cast doubt on the safety of the technology

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Richard Branson’s Virgin Group invests in Hyperloop One

Sir Richard Branson’s Virgin Group has invested an undisclosed amount in Hyperloop One, the frontrunner of a number of companies competing to bring Elon Musk’s futuristic vision of a magnetically-propelled high-speed transport system to life.

The investment, which makes up part of an $85m fundraising announced in September, will see Hyperloop One changing adding the Virgin name to its branding.

“This is an incredibly innovative and exciting new way to move people and things at airline speeds on the ground,” Branson said in a statement.

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TechnoNews

TechnoNews is a global, multi-platform media and entertainment company. Powered by its own proprietary technology, TechnoNews is the go-to source for tech, digital culture, and entertainment content for its dedicated and influential audience around the globe.

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