Illustrating the strong invest-abroad trend among Russian investors, Ziyavudin Magomedov, a top businessman from Dagestan, took part in a recent $80 million round of financing for Hyperloop One. Previoulsy known as Hyperloop Technologies, this Californian startup is developing vacuum tube-based transportation technologies based on Elon Musk’s models.
Also investing in Hyperloop One’s latest round were existing investors Sherpa Ventures, 8VC and ZhenFund as well as new investors which included 137 Ventures, Khosla Ventures, Fast Digital, Western Technology Investment (WTI), GE Ventures and SNCF, the French national rail company.
Magomedov’s contribution – the amount of which has not been disclosed – went through Caspian VC Partners (CVC), the venture fund which he launched last year with plans to invest up to $300 million in Russian and international startups.
Since its launch, CVC has invested already once in Hyperloop One as well as in Uber, Uber China, Peek.com and Asapp.com.
Earlier this year Hyperloop Transportation Technologies, a competitor of Hyperloop One, was in talks with a Russian private investor to finance its launch in Russia, as reported by East-West Digital News.
