Horn
10th July 2016, 06:49 PM
The promise came in a meeting with Hyperloop One.
Bloomberg reports (http://www.bloomberg.com/news/articles/2016-07-07/putin-mind-melds-with-elon-musk-as-russia-funds-hyperloop-dream) that Russian President Vladimir pledged state support for the ultra-high-speed transportation concept outlined by Tesla founder Elon Musk. The authoritarian leader’s pledge came in a meeting with Hyperloop One co-founder Shervin Pishevar, and was confirmed to Bloomberg by a Putin spokesman.
Bloomberg does not report that any new formal agreement emerged from the meeting, but Hyperloop One already has a compact with the Russian Transportation Ministry to study building a route between the Russian port in Zarubino and Jilin province in China. Hyperloop One’s major investors include Russian logistics and energy billionaireZiyavudin Magomedov (http://fortune.com/2016/06/21/hyperloop-one-moscow-magomedov/).
Get Data Sheet (http://fortune.com/getdatasheet/), Fortune’s technology newsletter.
Its relationship with Russia knits Hyperloop One into a much larger project—that between the Chinese government and a coalition of allies to build a Silk Road Economic Belt (http://news.xinhuanet.com/english/2016-05/15/c_135360904.htm). The goal of the initiative is to better connect western China with Europe, Russia, and Africa using modern transportation technology.
Musk’s 2013 Hyperloop white paper outlined a concept for moving passengers in a capsule levitating through an evacuated tube, at speeds of 700 miles per hour or more. But Hyperloop One, led by Peshavar and former Cisco (http://fortune.com/fortune500/cisco-systems-54/) executive Rob Lloyd, has said it will focus on initially using the technology to move freight. That’s assuming, of course, that it can make what is still an exploratory technology work in the real world.
http://fortune.com/2016/07/10/vladimir-putin-hyperloop-backing/
https://www.youtube.com/watch?v=7A7GsAPR3J0
Bloomberg reports (http://www.bloomberg.com/news/articles/2016-07-07/putin-mind-melds-with-elon-musk-as-russia-funds-hyperloop-dream) that Russian President Vladimir pledged state support for the ultra-high-speed transportation concept outlined by Tesla founder Elon Musk. The authoritarian leader’s pledge came in a meeting with Hyperloop One co-founder Shervin Pishevar, and was confirmed to Bloomberg by a Putin spokesman.
Bloomberg does not report that any new formal agreement emerged from the meeting, but Hyperloop One already has a compact with the Russian Transportation Ministry to study building a route between the Russian port in Zarubino and Jilin province in China. Hyperloop One’s major investors include Russian logistics and energy billionaireZiyavudin Magomedov (http://fortune.com/2016/06/21/hyperloop-one-moscow-magomedov/).
Get Data Sheet (http://fortune.com/getdatasheet/), Fortune’s technology newsletter.
Its relationship with Russia knits Hyperloop One into a much larger project—that between the Chinese government and a coalition of allies to build a Silk Road Economic Belt (http://news.xinhuanet.com/english/2016-05/15/c_135360904.htm). The goal of the initiative is to better connect western China with Europe, Russia, and Africa using modern transportation technology.
Musk’s 2013 Hyperloop white paper outlined a concept for moving passengers in a capsule levitating through an evacuated tube, at speeds of 700 miles per hour or more. But Hyperloop One, led by Peshavar and former Cisco (http://fortune.com/fortune500/cisco-systems-54/) executive Rob Lloyd, has said it will focus on initially using the technology to move freight. That’s assuming, of course, that it can make what is still an exploratory technology work in the real world.
http://fortune.com/2016/07/10/vladimir-putin-hyperloop-backing/
https://www.youtube.com/watch?v=7A7GsAPR3J0