Hyperloop One – Connecting Europe and China
Hyperloop One has teamed up with the Summa Group and city of Moscow explore how loop transportation can improve the lives for the 16 million people in the greater Moscow area, cutting their commute to a fraction of what it is today. Summa Group manages sectors such as port logistics, engineering, construction, telecommunications, and is integral to oil and gas production services in the Russia. International Economic Forum reported the company signed its agreement with Hyperloop One at the recently concluded St. Petersburg (Russia). This project would possibly be the first step towards building a new high -speed freight link between Europe and China for Hyperloop One.
Summa Group’s owner Ziyavudin Magomedov is very excited about the freight opportunities presented by hyperloop, which would have a greater possibility of paying for the tech over time as compared to passenger travel. It announced that a selection of judges for its Hyperloop Global Challenge, it is a competition which will identify and select teams with the best proposal to help make Hyperloop a reality.
Hyperloop One is exploring launch opportunities outside U.S, as it makes it easier to overcome regulatory hurdles for large infrastructure projects. Hyperloop One’s Co-founder Pishevar, a venture capitalist had earlier invested in Uber. Later pursued the hyperloop idea on a suggestion in one the conversations with his friend Musk. Musk had been busy with his interest in travel to Mars. Pishevar’s Sherpa Capital has also been influential in raising more than $90 million for Hyperloop One. The other two key figures for Hyperloop One are former SpaceX engineer Brogan BamBrogan and ex-Cisco exec Rob Lloyd.
Feasibility studies for Hyperloop One are underway in Finland, Sweden, the Netherlands, Switzerland, Dubai, Los Angeles and the United Kingdom.
Hyperloop One has raised more than $90 million to date, much of it from Pishevar’s Sherpa Capital. The company’s two other key figures are former SpaceX engineer Brogan BamBrogan and ex-Cisco exec Rob Lloyd.