On Thursday Virgin Group declared that it had spent some fortune in a start-up Hyperloop One whose focus is on constructing a high-speed transportation system Musk Elon first described in a 2013 white papering. The condition and terms were not provided, but the purchase was big enough that Hyperloop One is changing to Virgin Hyperloop.

If you visited the Hyperloop One’s experimental facility in Nevada and getting to meet its leadership team, you become convinced that this ground-breaking kind of advanced technology will revolutionize the transport sector as we all understand it and instantly cut journey space-time, Richard Branson, the Virgin Group founder said in a press statement.

Hyperloop One is led by Pishevar Shervin, a Silicon Valley venture capitalist commonly known as for early investing in the Uber. The Los Angeles start-up is doing feasibility studies in the Finland and Dubai market for the transportation system. American cities such as Nevada and Denver have submitted proposals also for the development of an Hyperloop.

This is a nascent transit framework that operates by firing pods into a vacuumed-sealed tunnel at very high speeds that specialists say could get up to 700 mph.
The organization has done two successful trials of the Hyperloop on the 500-meter construction track in Nevada city.

Just a few month ago, the Hyperloop went almost the whole length of the track achieving a top velocity of 192 miles-per-hour. It had only managed to reach 70 mph top speed after traveling 300 feet a month before. The organization still requires showing that the model could move people on the tracks with a distance enough to link up cities.

Virgin Hyperloop One Now Focuses On A Passenger And Combined-Use Freight Service

Only last month, the organization managed to raised funds worth $85 million in the new funding, & that covers the resources from Virgin group. Branson Richards was not comfortable to provide the numbers.

Breaking ground on a financial hyperloop in 2 – 4 years is manageable if states move with speed, Branson mentioned in a Squawk Box record. This far, no state has adopted the plan for a hyperloop model. The Virgin group founder also noted that constructing an Hyperloop tunnel above or below the ground is faster and far much cheaper as compared a conventional rail connection.

The thought of the transport mode was conceived by Musk in 2013, the manager of both the electric automaker SpaceX and Tesla — works by moving pods through tubes by the use of magnets reaching velocities akin to one of the airplanes.

As a train master, Branson Richard also mentioned that he felt the Hyperloop is something that he wants to be to operate. As per now, the trains are restricted to 125 miles per hour. Richard Branson’s sprawling Virgin Group domain has a train connection in the United Kingdom, as well as a business to take tourists into space and airlines.

His argument is that there are consumers in this space, for example, who would like to move from Edinburgh to London in about 45 mins. Also, it would be possible with a hyperloop. You could have a pod right outside your office that you and your mates could jump in. The pod can drive itself to the head of the pipe. It then moves down the pipe. It links up and then off you drive at 600- 700 miles an hour to get your target, going at a higher speed than any airline.

One On One With Hyperloop One Shervin Pishevar Co-Founder

When they appeared with Richard Branson, Hyperloop One co-founder Pishevar Shervin told CNBC that virgin group joining them, the organization would not only be able to speed up the process of commercialization but also create the products with the end user in mind. Shervin Pishevar, the co-founder of Sherpa Capital, also noted that Richard Branson is a master in creating great customers experiences. After a trip on Virgin Atlantic, Pishevar said that he never looked at air transport in the same way again.

The client encounter of the Hyperloop pod is what the group definitely want to depend on the Virgin Group’s and Richard’s knowledge to come up with an experience that when you walk into an Hyperloop pod. … You feel content. You should have a feeling of you have been in it before. The technology applied here is not futuristic kind of technology. This is now happening as Pishevar notes. It is also green and healthy for our environment.

In the beginning of this year, Hyperloop One undertook a full experiment of its technology. An experiment sled was driven in the tunnel for just 5.3 seconds. The organization said it hit almost 2Gs of dispatch and a velocity of up to 70 mph during the run. The subsequent experiment will then look to achieve speeds of up to 250 miles per hour and feature the first passenger pod that glides through the tunnel over a longer distance.

The organization has held talks with various states, including the Finland and the UAE, to study if it is feasible to build such a mode. No agreement has been reached or signed. The organization told media in few month ago that the Asian countries would be a perfect market to start with.