Richard Branson’s Virgin #Hyperloop partners with backer #DP_World to launch logistics startup | TechCrunch
▻https://techcrunch.com/2018/04/29/richard-bransons-virgin-hyperloop-partners-with-backer-dp-world-to-launc
Virgin Hyperloop One and DP World are launching a new joint venture, #DP_World_Cargospeed, two years after the high-speed transportation technology developer tapped the UAE-based shipping company in a $50 million financing.
The company’s stated goal is to deliver palletized cargo more efficiently by combining super high-speed promise of hyperloop transportation with new logistics technologies to accelerate deliveries along Virgin Hyperloop One’s planned routes between Mumbai and Pune in India; in Saudi Arabia, and in the United Arab Emirates.
Announced with much fanfare and in the presence of Sultan Ahmed Bin Sulayem and Virgin Hyperloop chairman Richard Branson, the new company is basically built on buzzwords like “on-demand” and the promise of future performance.
Right now there’re only 10 kilometers of Virgin Hyperloop track being built (and they’re all in India).
Although there’s not much more than a bunch of pontificating palaver around hyperloop technologies now, the startup companies and their corporate backers do present an compelling vision of the future of transportation.
Introducing DP World Cargospeed
▻https://www.youtube.com/watch?v=dQIihCOrvZY