Mobility

Russia considers deploying Hyperloop systems across the country

March 2, 2017

“Russia is technologically ready to launch such large-scale projects as Elon Musk’s Hyperloop,” Russian minister of transport Maxim Sokolov said in mid-May at a press briefing in the southern Russian city of Sochi. As reported by Russian business daily RBC, this Hyperloop-like transport system would link the western and eastern ends as well as the northern and …

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Moscow ground transport to get Wi-Fi by end of 2016

March 2, 2017

All Moscow buses, trolleybuses and trams will be equipped with free wireless Internet connection by the end of this year, news website M24.ru reported Wednesday, citing the city’s transportation authority Mosgortrans. Free Wi-Fi is currently available on 4,000 buses, trams and trolleybuses around the city. “The new service is gaining popularity among passengers. More than …

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Russian oligarch Ziyavudin Magomedov makes second investment in Hyperloop One

March 2, 2017

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 …

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Russian taxi drivers complain over Uber’s pressure on prices

March 2, 2017

On behalf of taxi drivers, the Federation of Russian Car Owners (FAR) has filed a complaint with Prime Minister Dmitry Medvedev over the low prices dictated by taxi service aggregators, the RBC news agency reported Tuesday. The complaint by FAR said that the Federal Anti-Monopoly Service (FAS) had refused to initiate legal action against Uber, …

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Uber to limit Moscow service to licensed cars and share data with city authorities

March 2, 2017

Uber  has agreed to limit its service in Moscow to drivers with a transportation license, Bloomberg reported yesterday. The company said it will also share traffic data with city officials, as well as the number of drivers using the app each month. Moscow’s transportation department had previously planned to ask police and a judge to …

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After Magomedov and Usmanov, Russian billionaire Mikhail Fridman invests in Uber

June 9, 2020

International investment group LetterOne (L1) has just announced that it has made a “strategic investment”of $200 million in Uber. Mikhail Fridman, the chairman of the group, is the third Russian billionaire in a row to invest in the US company, following the moves of Ziyavudin Magomedov and Alisher Usmanov last year. “I’m excited by our strategic partnership with …

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Hyperloop in talks with Russian investor to introduce sonic speed train in Russia

March 2, 2017

US company Hyperloop Transportation Technologies is in talks with a Russian private investor to finance its launch in Russia, the company’s COO Bibop Gresta told RT last week at the World Economic Forum in Davos. It is likely the government will also be keen on the idea, he believes. “We’re heading at a private-public partnership. Usually that’s our …

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Russian oligarchs Magomedov and Usmanov have stakes in Uber

March 2, 2017

USM, an investment holding controlled by Russian billionaire Alisher Usmanov, invested “several dozen million dollars” in Uber in the summer of last year. The investment was revealed yesterday by Russian business dailies RBC and Vedomosti, which cited unnamed sources in the holding. USM and Uber, however, declined to comment on these reports. Thus Usmanov has been …

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Russian taxi service Takeit to receive $2 million investment

March 2, 2017

Takeit, a taxi service launched in July last year, is to secure “around $2 million” from several individual investors, including former top executives of Rostaxi and Takeit CEO Alexander Onikienko. The deal was reported last week by Rusbase, an online publication covering the Russian venture market. The young company will measure itself against such market …

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OneTwoTrip raises $4 million in funding from Vostok New Venture

November 12, 2020

OneTwoTrip, the Russian travel booking website operating in Russia, Europe and CIS, has secured $4 million in fresh funding from Vostok New Ventures. The deal was disclosed in the nine-months report of the Swedish fund. Launched in 2011, the startup offers online booking of flight tickets and hotels. The startup raised $25 million in two rounds from Phenomenon Ventures and Skype …

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