Hyperloop One, previously known as Hyperloop Technologies, is a company that is working to commercialize the Hyperloop for moving passengers and/or cargo at airline speeds at a fraction of the cost of air travel.
Hyperloop One is reinventing transportation to eliminate barriers of time and distance by using hyperloop transport to move cargo and passengers immediately, safely, efficiently, and sustainably.
Hyperloop One was founded in June 2014 by Shervin Pishevar, Brogan BamBrogan & is headquartered in Los Angeles, CA.
The Hyperloop uses a linear electric motor to accelerate and decelerate an electromagnetically levitated pod through a low-pressure tube. The vehicle will glide silently for miles at speeds up to 670 mph (1080 km/h) with no turbulence. The system is designed to be entirely autonomous, quiet, direct-to-destination, and on-demand. Additionally, as Hyperloop is built on columns or tunneled underground, it eliminates the dangers of at-grade crossings and requires much smaller rights of way than high-speed rail or a highway.
Hyperloop One and the Virgin Group developed a strategic investment partnership, resulting in Richard Branson joining the board of directors. The global strategic partnership will focus on passenger and mixed-use cargo service in addition to the creation of a new passenger division. Subsequently, Hyperloop One was renamed Virgin Hyperloop One, and Branson became the chairman of the board of directors.
Hyperloop One's leads investors are Sherpa Capital, Virgin Group, Caspian VC Partners, and DP World Group.