Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Virgin invests in Hyperloop One

Hyperloop One phase 2 testing

Sir Richard Branson’s Virgin Group has invested an undisclosed amount in Hyperloop One.

It means the transport firm will now rebrand as Virgin Hyperloop One, although Hyperloop One will remain in control of all the engineering and development.

Hyperloop technology uses a low-pressure vacuum to propel a levitated pod through a tube at very high speeds. In August development company Hyperloop One reached speeds of 86m/s using its XP-1 first generation pod at its testing site in the Nevada desert, USA.

Engineers from Arup, Aecom and bodies including the Department for Transport are developing plans for the first potential UK routes for Hyperloop One. The nine prospective routes in Europe, including three in the UK, were named earlier this year.

In a statement, Hyperloop One co-founders Shervin Pishevar and Josh Giegel said, with the firm’s chief executive Rob Lloyd: “Our global strategic partnership will focus on passenger and mixed-use cargo service, in addition to the creation of a new passenger division. Virgin will not be the only operator. We will work with a variety of operators globally, as selected by customers.

“Even as we build this partnership, the Hyperloop One team will remain in control of all engineering and development, product and system design, business development, and strategy. Now we’re adding the ability to tap into the strength of a company with 53M customers, excellent management, and a track record for delighting customers in a multitude of industries, especially transportation.”

Branson added: “Ever since our creation, Virgin has been known for disruption and investing in innovative companies. From our airlines to our trains to our spaceline, we have long been passionate about innovation in transport too, especially the development of technology that could transform people’s lives. This is just the latest example. Importantly, Virgin Hyperloop One will be all-electric and the team is working on ensuring it is a responsible and sustainable form of transport too.”


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.