Hyperloop One gets a new chairman — and a financial lifeline

Virgin Group founder Richard Branson has replaced Shervin Pishevar as chairman of Virgin Hyperloop One, according to Axios. The move to swap Pishevar, who recently stepped down from the company and his own venture capital firm following sexual assault allegations, for Branson was key to obtaining a crucial new round of funding, the site reports.The company was on the verge of running out of money
The new money from two existing investors, Russia’s Caspian Venture Capital and Dubai’s