Richard Branson and his Virgin Group have invested in Hyperloop One. Branson will also join Hyperloop One’s Board of Directors, bringing along a proven track record of delivering breakthrough transportation experiences.
The Virgin Group and Hyperloop One will be entering into a global strategic partnership focused on passenger and mixed-use cargo service. As part of the partnership, the company’s name will be changing to Virgin Hyperloop One over the coming months. Virgin and Hyperloop One working together presents a differentiated brand that’s instantly recognisable around the world. The global strategic partnership will focus on passenger and mixed-use cargo service, in addition to the creation of a new passenger division. However, Virgin will not be the only operator, as the company will work with a variety of operators globally, as selected by customers.
A partnership with Hyperloop One feels like a natural fit. Virgin has been at the forefront of transportation innovation for more than 20 years. It has entered major markets, competed with giants and won. Virgin’s purpose-driven mission to deliver more sustainable modes of transportation aligns well with Hyperloop One’s radically efficient and clean technology.
Hyperloop is the only company that has built a fully operational Hyperloop and it is starting to see growing demand from governments and the private sector around the world, creating project in the U.A.E., U.S., Canada, Finland, the Netherlands, and India. The combination of Hyperloop One technology and Virgin’s expertise in operations, safety, and passenger experience will accelerate the commercialisation phase.
The Hyperloop One team will remain in control of all engineering and development, product and system design, business development, and strategy. Now, the company will expand its reach to 53 million customers, excellent management, and a track record for delighting customers in a multitude of industries, especially transportation.