Richard Branson joins Hyperloop board as it targets $200m funding

Billionaire Richard Branson, founder of Virgin Group Ltd., pauses during an interview in Hong Kong, China, on Wednesday, July 5, 2017. Photographer: Anthony Kwan/Bloomberg

Billionaire Richard Branson has joined the board of Hyperloop One, as the futuristic mode of tube-based transportation embarks on a major fundraising round.

Branson’s Virgin Group has invested in Hyperloop One, and the new company will be re-branded Virgin Hyperloop One, according to a statement Thursday.

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