FOLLOW US: @theinsaneapp
Virgin Hyperloop has changed its name to reflect Elon Musk's dream of high-speed trains.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
The company has quietly changed its name to Hyperloop One in the past few weeks.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
This was the brand it used between 2016-17.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Virgin Group stated that it had "decided" to work with Virgin Hyperloop's management team to eliminate the Virgin brand from its business.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
This was due to "Virgin Hyperloop's change of short-term priorities," which included shifting from passenger transport to a cargo-only operation.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
It has had a turbulent year. The company laid off 111 employees in February and abandoned plans to build passenger transportation.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
DP World, the majority owner, stated that it would use the technology to facilitate logistics and build "inland ports" that will transport cargo containers to their destination quicker than the current system.
Twitter | Insatagram | Facebook