Virgin’s Hyperloop One company has signed a deal with the government of Saudi Arabia to build a test track for its futuristic transport concept. The hyperloop concept involves a pressurized pod with a vehicle carrying passengers or cargo up to 10 times faster than current rail. A 35km track will be built, alongside a research […]
Jul 24 2019 | Posted in
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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 […]
Oct 12 2017 | Posted in
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