The Virgin investment group has taken an undisclosed stake in Hyperloop One, one of several companies trying to create a pod-based transport system.
The terms of the deal have not been disclosed.
Virgin’s founder, Sir Richard Branson, is joining the Los Angeles-based firm’s board as part of the deal, and it is rebranding itself as Virgin Hyperloop One.
#FindingMyVirginity is all about embarking on new challenges. Well, introducing @Virgin @HyperloopOne https://t.co/aDUQO5WC4R pic.twitter.com/bAopBGK0JF
— Richard Branson (@richardbranson) October 12, 2017
