Richard Branson’s Virgin empire would be next to enter the electric car market? image

You might know Richard Branson as the bullish entrepreneur that controls the Virgin empire, which is involved in almost all forms of transportation – trains, planes, even space crafts and soon enough ships. Is the automotive industry next?

Branson is well known for being a publicity-loving billionaire that likes to get involved in everything that’s fast. Naturally, the bullish entrepreneur was in the US this week, since in Miami took place the US leg of the all-electric Formula E championship, with his Virgin Racing team competing. The Formula One spin off centers around battery-powered race cars that can reach 60 miles per hour in just three seconds – pretty impressive, right. The promoters said the races are a great way to spur development in the electric car sector.

So, comments made by Branson in front of Bloomberg TV reporters might be less shocking than one would initially imagine. “We have teams of people working on electric cars,” Branson said. “So you never know—you may find Virgin competing with the Tesla in the car business as we do in the space business. We will see what happens.” And Branson isn’t the only notorious face to toy around with electric car making. The best example is billionaire entrepreneur Elon Musk, the co-founder and current chief executive officer of one of the most successful startups in recent years – Tesla Motors. And he’s not alone wondering about the fields of the auto industry: technology giant Google is working on pod-like electric cars able to drive autonomously and even bigger tech giant Apple is also rumored to have an electric car pet project in the works.

Via Automotive News Europe