Virgin Hyperloop One, a Los Angeles firm, introduced it has raised $50 million from international enterprise capital buyers and made Richard Branson the chairman of its board of administrators. The new spherical of funding got here from Dubai’s DP World and Russia’s Caspian Venture Capital. Axios, which first reported the story, referred to as the cash a lifeline for a corporation so low on money that the roles of some 300 workers had been at stake. The firm has raised $295 million since its 2014 founding. Other Hyperloop Companies The Boring Company led by Elon Musk. Elon created the unique Hyperloop designs. Arrivo Corp.

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