The Russian Railways state monopoly recently created a joint working group with the U.S. company Hyperloop One, which is researching the possibility of developing Elon Musk's high-speed trains project, the Vedomosti newspaper reported Thursday,
The group was created a few months ago, spokesperson for the Russian Summa Group Yekaterina Grishkovets told Vedomosti. Summa Group's venture company Caspian VC is one of the investors in Hyperloop One. Grishkovets didn't specify how the companies are planning to cooperate.
According to an unidentified source close to Russian Railways, the working group is studying the possibility of using technologies invented by tech billionaire Elon Musk. The working group is now waiting for the results of the recent testing of high-speed Hyperloop trains, the source said.
The source also added that the initiative came from the U.S. company.
The Hyperloop system allows trains to reach speeds of about 1,200 kilometers per hour.
The first tests of the system were carried out in the U.S. earlier in May, Vedomosti reported.
Hyperloop One and Russian Railways declined to comment when contacted by the newspaper.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
