• Thursday, August 11, 2022

Business

Richard Branson announces Hyperloop plan for India

Richard Branson

By: Sarwar Alam

Virgin Hyperloop One, the futuristic transport startup backed by British tycoon Richard Branson, has announced plans for a superfast rail network linking India’s financial capital Mumbai to the city of Pune. The proposed hyperloop — which aims to deliver transport at near-supersonic speeds in sealed tubes — would reduce travel time between the Indian cities from 3 hours to around 25 minutes, the company said. Branson said Sunday the company had signed a preliminary agreement with the Maharashtra state government to build the first phase of a hyperloop network that could eventually criss-cross India. “I believe Virgin Hyperloop One could…

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