Hyperloop One gets Richard Branson on board

(Reuters) - Los-Angeles-based company, Hyperloop One said billionaire Richard Branson’s Virgin Group has invested in the company to form a strategic partnership.
FILE PHOTO - Journalists and guests look over tubes following a propulsion open-air test at Hyperloop One in North Las Vegas, Nevada, U.S. May 11, 2016. REUTERS/Steve Marcus
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 (TSLA.O) Elon Musk, is developing a futuristic high-speed transport system.
Virgin Group did not immediately respond to a request for comment.
Hyperloop One gets Richard Branson on board Hyperloop One gets Richard Branson on board Reviewed by Alexander Von Stern on 08:11:00 Rating: 5