Virgin Group has invested in the Hyperloop One to form a global strategic partnership. With this partnership, Richard Branson joined the board of directors and Hyperloop One will rebrand itself as Virgin Hyperloop One in the coming months.

"For more than 20 years, Richard and Virgin have been at the forefront of transportation innovation, and a partnership with them feels like a natural fit," said Shervin Pishevar, co-founder and Executive Chairman of Hyperloop One. "Virgin is an iconic brand and having Richard as an ally will help strengthen our mission to spread Hyperloop One throughout the world. Josh and I could not think of a better person or brand to be our true partner in our continued quest to make our moonshot idea a reality. Onwards."

"After visiting Hyperloop One's test site in Nevada and meeting its leadership team this past summer, I am convinced this groundbreaking technology will change transportation as we know it and dramatically cut journey times," said Richard Branson, founder of the Virgin Group. "Virgin has been known for investing in and creating innovative companies over the years, and I look forward to making history together as we bring Hyperloop to the world as Virgin Hyperloop One."

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