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.
The technology for Hyperloop One is now in the early stages of the commercialisation phase after the successful completion of the world's first full scale hyperloop systems test at the DevLoop site outside Las Vegas. He described the hyperloop concept as "a cross between a Concorde, a railgun and an air hockey table".
Hyperloop One is headed by Shervin Pishevar, a Silicon Valley venture capitalist best known as an early investor in Uber.
The startup had raised more than $200 million prior to Tuesday's announcement.
Branson, a British billionaire with investments in retail, music and airlines, said he believes in the new system, which aims to deliver transport at near-supersonic speeds in sealed tubes.
"Virgin Hyperloop One are leading the way in these efforts", he continued, noting that the company is "working on exciting projects in the Middle East, Europe, India, Canada, and the U.S.". Jalopnik reported last month that a proposed route in Colorado that Hyperloop One is interested in could cost at least $24 billion. The company was embroiled in a messy lawsuit past year between its two founders. In August this year Hyperloop One successfully managed to fire a pod at 192mph.
Musk's hyperloop involvement is for now limited to potentially building the tunnels with his latest startup - The Boring Company.
I'll take some time to let the dust settle and then I'm sure we'll have a sit down and have a chat and we'll take it from there". Welsh supporters would have woken up this morning wondering how they are not in a World Cup playoff.
The sheriff's office said Lawson crashed into a ditch before he ran into nearby woods where he lost police. Lawson has been named a person of interest after three people were found dead at a home there.
The court held that on the basis of the circumstances and evidence on record, the couple can not be held guilty of the murder. The couple was now lodged in Dasna jail in Ghaziabad. "The high court observed that they have been punished wrongly.
Remarkably, Nigeria is making her sixth FIFA World Cup appearance since its debut in United States of America '94. Having secured a ticket to the 2018 World Cup Nigeria play Algeria on the 6th of November in a dead rubber game.
Food and beverages during the month under consideration recorded a rise of 1.76 per cent over the same month previous year . Primary goods' production grew sharply at 7.1 percent in August as compared with 2.3 percent jump last month.
Princess Nokia performs onstage during day 2 of FYF Fest 2017 at Exposition Park on July 22, 2017 in Los Angeles. The important matter is: I will do anything to defend the honor of my brothers and sisters #blacklivesmatter.
This is made of the same heat insane material, and could be worn if you liked in an arctic research station, during winter. To commemorate the occasion, Pizza Hut is releasing a limited edition Pizza Parka .
Recent UFC 216 victor Fabricio Werdum replaces Hunt on the November card from Australia. 'My memory is not that good anymore'. Lesnar was Hunt's third consecutive opponent who had tested positive for performance-enhancing drugs.