Hyperloop One gets Richard Branson on board

by Reuters
Thursday, 12 October 2017 14:54 GMT

Oct 12 (Reuters) - Los-Angeles-based company, Hyperloop One said billionaire Richard Branson's Virgin Group has invested in the company to form a strategic partnership.

Branson joined the board of Hyperloop One and the company would rebrand itself as Virgin Hyperloop One in the coming months, Hyperloop said in a statement on Thursday.

The size of the investment was not disclosed.

Hyperloop One, the concept of which originated in a paper by Tesla Inc's Elon Musk, is developing a futuristic high-speed transport system.

Virgin Group did not immediately respond to a request for comment. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)

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