Richard Branson is betting on the Hyperloop.
Branson's Virgin Group has invested in Hyperloop One, the corporate that’s trying to construct the ultra-fast transportation system championed by Elon Musk.
And it's not simply an funding. The corporate will now go by Virgin Hyperloop One. Branson can be becoming a member of the corporate's board.
— Richard Branson (@richardbranson) October 12, 2017
Branson's funding is a part of the $85 million funding spherical that first turned public in September. That cash valued the corporate at round $700 million. How a lot of that got here from Branson's Virgin Group has not been publicly introduced. Learn extra…