Virgin Hyperloop One is an American transportation technology company that works to commercialize the high-speed technology concept called the Hyperloop. The company was established on June 1, 2014 and reorganized and renamed on October 12, 2017. As of May 2019, the company had raised USD 400 million. Its publicly stated goal is to provide a fully operational Hyperloop system by 2020 or 2021.
About Virgin Hyperloop in brief
Virgin Hyperloop is an American transportation technology company that works to commercialize the high-speed technology concept called the Hyperloop. The company was established on June 1, 2014 and reorganized and renamed on October 12, 2017. As of May 2019, the company had raised USD 400 million. Its publicly stated goal is to provide a fully operational Hyperloop system by 2020 or 2021. The planned route runs from Los Angeles, California to Las Vegas, Nevada. The original Hyperloop concept is proposed to use a linear electric motor to accelerate and decelerate an air-bearing levitated pod through a low-pressure tube. The vehicle would glide silently for miles at speeds up to 760 mph with very low turbulence. The concept of Hyperloop transportation was first introduced by Robert Goddard in 1910. The idea for version of vacuum train called Hyperloop emerged from a conversation between Elon Musk and Iranian American Silicon Valley investor Shervin Pishevar when they were flying together to Cuba on a humanitarian mission in January 2012. Virgin Hyperloop One has made substantive technical changes to Elon Musk’s initial proposal and chose not to pursue the Los Angeles–to–San Francisco notional route that Musk envisioned in his 2013 alpha-design white paper. It has completed a 500-meter Development Loop and on May 12,2017, held its first full-scale Hyperloop test. The test combined Hyperloop components including vacuum, propulsion, levitation, sled, control systems, tube and structures.
The sled accelerated to 134 mph in 2 seconds, representing a crucial proof of concept of the concept. At the time of the test, Hyperloop had secured partnerships with global engineering firms and design firms such as DP World. The propulsion open-air test or POAT was successfully held in North Las Vegas on May 11, 2016 at its test site in North Vegas. In December 2015, the renamed it Hyperloop One-air propulsion test and Safety Site. In October 2016, the firm announced that it had raised another USD 50 million, led by an investment from an investment firm led by DP World, to fund its design and development of a Hyperloop train system. The first human trial with Virgin HyperLoop executives Josh Giegel, its Chief Technology Officer, and Sara Luchian, Director of Passenger Experience as the first passengers at a speed of 172 kmh at the Virgin Hyper Loop’s DevLoop test site. In June 2015, Pishe var recruited former Cisco president Rob Lloyd as an investor and, eventually, theCompany’s CEO. Between June 2015 and December 2015,. the company would hold an open test at a new campus in downtown Los Angeles. In May 2016, the company announced it would hold a Series B round of financing to complete a project that they closed on in May 2016. The company has raised USD 37 million in financing.