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How Sir Richard Branson s US dream went off the rails

How Sir Richard Branson s US dream went off the rails
watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.

How Branson s dream of taking Virgin Trains to America came off the tracks

How Branson s dream of taking Virgin Trains to America came off the tracks Inside story of how Sir Richard s plan to launch the first privately funded passenger rail service in the US for a century hit the buffers 13 March 2021 • 12:00pm Publicly there was little to suggest that Sir Richard Branson and Wes Edens were anything other than the best of friends last summer. The Virgin Group chief heaped praise on Edens, the outdoor-loving founder of United States investment giant Fortress, as they rolled out Virgin Trains USA, the country’s first privately funded passenger rail service in more than a century.

700mph hyperloop moves closer to reality with construction of giant safety valves

700mph hyperloop moves closer to reality with construction of giant safety valves Hyperloop Transportation Technologies claims the new valves will be able to withstand 288,000 pounds of force The HTT safety valves Credit: HTT A hyperloop train system that could transport people at 700mph has moved a step closer to reality thanks to the construction of the world’s first safety valves that can withstand 288,000 pounds of force. The loop is a proposed form of ultra-fast transportation that was first touted as part of a design released by teams at Elon Musk’s Tesla and SpaceX back in 2013. The technology relies on tubes with extremely low air pressure to allow a pod - filled with people or freight - to travel free of air resistance or friction.

South Africa s FlexClub adds $5M to seed round to scale its car subscription marketplace – TechCrunch

South Africa’s FlexClub adds $5M to seed round to scale its car subscription marketplace The traditional process of buying, insuring and financing cars across emerging markets can be challenging, and it defeats the purpose of building an all-around car shopping experience. Today, FlexClub, a South African company, has been provided with $5 million to improve drivers’ experience in these markets. FlexClub was founded in 2019 by Marlon Gallardo, Rudolf Vavruch and Tinashe Ruzane. The company is an online marketplace that connects customers looking for flexible access to long-term cars with its partners, offering car subscriptions. That same year, the company closed a $1.2 million seed round led by CRE Venture Capital. According to Ruzane, the company’s CEO, this $5 million (in equity and debt) is a seed extension round, bringing the total investment raised by FlexClub to over $6 million. The company says it will use the funding to improve its technology which protects and limi

SXSW 2021 - SXSW Online: Recommended Programming: Must-catch panels, films, music showcases, and more at this year s all-virtual Fest - Features

SXSW 2021 - SXSW Online: Recommended Programming: Must-catch panels, films, music showcases, and more at this year s all-virtual Fest - Features
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