Hyperloop aims to leverage magnetic levitation to glide vehicular pods at speeds of up to 670 miles per hour in enclosed, pressurized steel tubes. In May 2017, Hyperloop became the first company in the world to test a full-scale hyperloop. The company formed a global strategic partnership with Richard Branson and the Virgin Group. In February 2018, Hyperloop announced a partnership with the state of Maharashtra in India to build a test track connecting Mumbai and the city of Pune. To date Hyperloop has raised $295 million in total funding.