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Home / Business / Richard Branson's Virgin Hyperloop is working with Backer DP World to launch a logistics startup – TechCrunch

Richard Branson's Virgin Hyperloop is working with Backer DP World to launch a logistics startup – TechCrunch



Virgin Hyperloop One and DP World launch a new joint venture, DP World Cargo Speed, four months after the high-speed traffic engineering developer tapped the Saudi shipping company for $ 50 million

The company is more efficient in transporting palletized freight by combining super-high-speed promise of Hyperloop transport with new logistics technologies to accelerate shipments along the planned routes of Virgin Hyperloop One between Mumbai and Pune in India; In Saudi Arabia and the United Arab Emirates

With great fanfare announced and in the presence of Sultan Ahmed Bin Sulayem and Virgin Hyperloops Chairman Richard Branson, the new company is essentially based on catchphrases like "on-demand" and the promise of Future Performance

At the moment only 1

0 kilometers of Virgin Hyperloop lane are being built (and they are all in India).

Although there is little more than a bunch of pontiff palavers around Hyperloop technologies The start-up companies and their supporters present a compelling vision of the future of transportation.

As China introduces billions into a new Silk Road, In order to connect the world with its powerful new economic machine, incredibly fast and incredibly efficient logistics are becoming increasingly important – especially if it can be made more environmentally friendly through the use of renewable energy.

"The global growth of e-commerce is driving a dramatic change in both consumer and business behavior, with on-demand deliveries being a novelty today. Tomorrow it will be the expectation" said Branson in a statement announcing the new company. "The DP World Cargo Speed ​​systems operated by Virgin Hyperloop One enable extremely fast, on-demand delivery of high priority goods and can revolutionize logistics, support economic zones and create thriving business regions."

The Hyperloop transport actually shoots containers very fast through a really huge pneumatic tube. The technology uses magnetic levitation technology to force the low-friction tubes loaded with humans and products through the tube. Hypothetically, the Hyperloop should be able to reach speeds of about 300 meters per second – faster than the fastest high-speed rail technologies in use today.

Obstacles to getting such a system up and running are immense. Most of the shipping industry is still working with logistics systems from the 19th and 20th centuries that resist the innovations of the 21st century.

DP World CargoSpeed ​​systems enable sensitive goods, including fresh food, medical supplies, electronics and more, thanks to Hyper Hyperloop One technology. The connection with existing transport modes of road, rail and air will increase freight transport capacity.

"Based on McKinsey's assessment of our technology, Virgin Hyperloops One-enabled supply chains can dramatically impact business performance by reducing both finished goods inventory and required storage space by 25%," said Rob Lloyd, chief executive officer of Virgin Hyperloop One.

For Virgin Hyperloop One, the new joint venture with DP World is yet another sign of the company's continued renaissance since introducing Virgo on board. The once-scandal-ridden startup now has a partner with seemingly unlimited pockets and a consummate salesman and spokesman on the company's board of directors

Branson, one or another technique (at least until the launch of Virgin Orbit) (19659002) "The Reason I Chairman of this company, I found ridiculously exciting, "said Branson to CNBC. "I think if we can build Virgin Hyperloops in a number of different countries connecting countries, that will bring the world much closer."


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