What if you could travel down to Los Angeles for dinner after your sports practice and be back in time to meet your friends for dessert in San Francisco? That idea is what Hyperloop is all about.

Hyperloop is a privately-held company, run by Richard Branson from Virgin Airlines, whose mission is to “reinvent transportation to eliminate the barriers of time and distance and unlock vast economic opportunities [and]… to have operational systems by 2021 that validate our ability to design, finance and build a safe, revolutionary transportation technology that scales,” according to https://hyperloop-one.com/.

Hyperloop was founded June 2014 and now has over 300 employees. They work out of the Innovation Campus in Los Angeles, the Apex Test & Safety Site and the Metalworks Manufacturing facility, both in North Las Vegas, and Regional Offices in Dubai and in London. These offices are run by Chief Executive Officer Rob Lloyd.

Key investors from DP World, Sherpa Capital, 137 Ventures, Virgin Group, Formation 8 and others have collected over $250 million to finance the concept and to attempt to meet a growing need. “A growing global economy requires faster, cheaper, safer and more efficient transportation modes,” said Dr. Alan James, Vice-President – Worldwide Business Development in a presentation at the Doha Exhibition and Convention Centre in Quatar last March.

“Our roads, airports, and ports are congested. We haven’t had a major new form of transport in 100 years, and we’re due for one, especially one that is ultra-fast, on-demand, direct, emission-free, energy efficient, quiet and has a smaller footprint than other high-speed transport modes,” said Greg Toroosian, Lead Engineering Recruiter at Hyperloop One at a presentation in Los Angeles in November.
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