RDIF announces investment in Hyperloop One
Press release, 22.06.2016
Moscow, June 22, 2016- The Russian Direct Investment Fund (RDIF) announces investment in Hyperloop One, which is developing an advanced Hyperloop transport system. RDIF committed funds to the company during the Series B financing round, which closed in April 2016. A number of leading international investors participated in this round alongside RDIF. Among them are: Sherpa Ventures, Formation 8, ZhenFund, Caspian Venture Partners, 137 Ventures, Khosla Ventures, Fast Digital, Western Technology Investment (WTI), GE Ventures, as well as the French railway company SNCF.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"RDIF pays great attention to the development of transport infrastructure, including the technological advances that will shape the future of the transport industry. Our investment in Hyperloop One project will facilitate the arrival of cutting-edge technologies in Russia. RDIF and its international partners will provide support to the project not only in Russia but also in the Middle Eastern and Asian markets."
Russian Direct Investment Fund (RDIF)was established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
Hyperloop One- developer of the high speed transport system capable of moving passengers and cargo at speeds of up to 1200 km/h in special capsules in pipes with low pressure. The first tests of electric propulsion engine, which provides necessary acceleration, were successfully conducted in the Nevada desert 11 May 2016. Powered by electromagnets, the truck accelerated to the speed of more than 100 km/h in 1.1 second. Further information can be found at: https://hyperloop-one.com/
For additional information contact:
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133