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Introducing Virgin Hyperloop One NEW DELHI and NEW YORK, October 12, 2017/PRNewswire/ --Hyperloop One and Virgin Group Develop Strategic Partnershipto form Virgin HyperloopOneRichard Branson and Virgin Group Invest in Hyperloop OneRichard Branson has Joined the Board of Hyperloop OneHyperloop One [https://urldefense.proofpoint.com/v2/url?u=http-3A__www.hyperloop-2Done.com_&d=DwMFaQ&c=qwStF0e4-YFyvjCeML3ehA&r=bzX_S8QHyy5VCuIp1PgXQIsJf75TYBN9nELpftrdaqc&m=PVTmqh2cDi3ylOrXI22u_K6OcHMZMBK86e2nE09sbsc&s=MyVXkxQftyB_e-TkMKk_jtftobgU6j-QNF-ILu8tjyI&e= ] , the only company in theworld that has built a full-scale Hyperloop system, todayannounced that Virgin Group has invested in the company toform a global strategic partnership. With this partnership,Richard Branson joined the board of directors and HyperloopOne will be rebranding itself as Virgin Hyperloop One in thecoming months.
"For more than 20 years, Richard and Virgin have been atthe forefront of transportation innovation, and a partnershipwith them feels like a natural fit," said Shervin Pishevar,Co-founder and Executive Chairman of Hyperloop One. "Virgin isan iconic brand and having Richard as an ally will helpstrengthen our mission to spread Hyperloop One throughout theworld. Josh and I could not think of a better person or brandto be our true partner in our continued quest to make ourmoonshot idea a reality. Onwards." "After visiting Hyperloop One's test site in Nevada andmeeting its leadership team this past summer, I am convincedthis groundbreaking technology will change transportation aswe know it and dramatically cut journey times," said RichardBranson, Founder of the Virgin Group. "Virgin has been knownfor investing in and creating innovative companies over theyears, and I look forward to making history together as webring Hyperloop to the world as Virgin Hyperloop One." This global strategic partnership will focus on passengerand mixed-use cargo service in addition to the creation of anew passenger division. Depending on the market, other brandscould be used globally as well. Following the successful testat its Nevada test track 'DevLoop' this past summer, HyperloopOne continues to see a growing demand from governments and theprivate sector around the world with projects underway in theUAE, U.S., Canada, Finland, the Netherlands and India.
With Hyperloop One, passengers and cargo are loaded into apod, and accelerate gradually via electric propulsion througha low-pressure tube. The pod quickly lifts above the trackusing magnetic levitation and glides at airline speeds forlong distances due to ultra-low aerodynamic drag. HyperloopOne's radically efficient and clean, all-electric technologyis aligned with the Virgin Group's purpose-driven mission todeliver more sustainable modes of transportation.
"We've focused on developing the technology required tomake Hyperloop a reality and demonstrated that it works," saidJosh Giegel, Co-founder and President of Engineering ofHyperloop One. "The combination of our proven technology andVirgin's expertise in transportation, operations, safety andpassenger experience will accelerate the commercializationphase of our company's development. Together with Virgin, wewill not only transform how we live, we will rethink how itfeels to travel by creating a passenger experience that peoplewill enjoy and look forward to riding. Our goal is to maketravel fun again."About Hyperloop One Hyperloop One is the only company in the world that hasbuilt a fully operational Hyperloop system. Our team has theworld's leading experts in engineering, technology andtransport project delivery, working in tandem with globalpartners and investors to make Hyperloop a reality, now.
Headquartered in Los Angeles, the company was Co-founded byExecutive Chairman, Shervin Pishevar and President ofEngineering, Josh Giegel, and is led by CEO Rob Lloyd. Formore information, visit http://www.hyperloop-one.com.
About Virgin Group Virgin is a leading international investment group and oneof the world's most recognised and respected brands. Conceivedin 1970 by Sir Richard Branson, the Virgin Group has gone onto grow successful businesses in sectors including mobiletelephony, travel & transportation, financial services,leisure & entertainment and health & wellness.
Media Contact: Shruti Singh shruti.singh@bm.com +91-9654497747 Consulting Associate Genesis Burson Marsteller Public Relations Pvt. Ltd.
Source: Hyperloop OnePRNewswireOSS.
This is unedited, unformatted feed from the Press Trust of India wire.