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Virgin Hyperloop One tests new full-scale pod [Video]

by Justin King

The startup appears to be moving forward despite a leadership shakeup in recent months.

Virgin Hyperloop One has released a video showing its latest test pod, known as the Vision 2030.

The new pod highlights the company's deepening collaboration with Saudi Arabia, first in line to deploy the VHO transportation system when the technology is finally brought from prototype to commercialization.

"Traveling from Riyadh to Jeddah would take 76 minutes (currently over 10 hours) utilizing the land bridge for both passenger and freight movement, positioning KSA as the gateway to 3 continents," VHO said in a statement. "Traveling from Riyadh to Abu Dhabi would take 48 minutes (currently over 8.5 hours)."

As the name implies, the Vision 2030 pod is said to align with the Saudi economic plan to increase GPD by 1-2 percent across the Kingdom.

The announcement coincided with reports detailing a leadership shakeup as three board seats change hands in recent months. Another board member, Russian billionaire Ziyavudin Magomedov, was reportedly arrested for fraud and embezzlement charges unrelated to his work with VHO, according to Bloomberg.