British Billionaire Richard Branson (Photo : Reuters)
Virgin Group owner Richard Branson may expand its very extensive portfolio this time taking on TeslaMotor Inc.'s electric cars, USA Today reported. Virgin group's current ventures include airlines, music stores, mobile phone and spaceships.
During an interview with Bloomberg TV, Branson said that he has a team or teams that are currently working on electric cars. This statement was released during the Formula E event in Miami. The Billionaire also teased the press when he said that Virgin might compete with Tesla in the electric car business in the future.
Branson's Virgin electric car is currently competing in the "electric" version of the world's premiere racing competition Formula 1. Formula E uses a more defined and well-engineered electric motor similar to its counterparts in Formula 1.
Galactic is a commercial spaceflight company that works on electric motors that competes with Tesla's SpaceX, Tesla was founded by CEO Elon Musk.
According Reuters, Virgin's spokesman, Nick Fox confirmed that they are currently working with Virgin's Formula E in developing a plan for the next season's car. He also added that Virgin Group's aim is to develop and build an engine that will dominate the sport and ultimately will develop a car that can be used by a broader market.
Aside from Tesla, more and more companies such as Apple were reported to put time and resources in developing their own electric car while Google on the other hand is currently developing a car that can drive it self and it won't be a surprise if they will also join the bandwagon of electric cars.
Branson ended the interview by saying that Tesla is as sexy as any other car on the road today.
