Virgin and Hyperloop one become fast friends

The Virgin Group, run by Richard Branson, announced on Thursday that it was investing in Hyperloop One

High-speed hyperloop transit — the futuristic concept involving passenger pods that could zip from, say, San Francisco to Los Angeles in a half-hour — just got a boost from Richard Branson.

The Virgin Group, the multinational venture capital corporation run by Branson, announced on Thursday that it was investing in Hyperloop One, a Los Angeles company that has been developing the transit technology since its founding in 2014.

Executives at Hyperloop One — now called Virgin Hyperloop One — and the Virgin Group would not reveal the size of the investment.

Nick Fox, the Virgin Group’s chief communications officer, said Virgin did not