Rail & related technologies

Russian startup organizes food delivery to train passengers

Dubbed ‘Food Ball’ in reference to this year’s world football cup, this startup aggregates food orders from train passengers during long-distance journeys. Based in Omsk, Siberia, and competing with the traditional dining cars of Russian Railways, the startup claims to partner with more than 500 fastfood chains, cafés and restaurants in more than 80 cities …

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Crypto ticket to the future: Will Russian Railways run on blockchain?

For two years already, Blockchain technology has inspired corporate projects in a variety of industries in Russia – from banking, to capital markets, to universities, to cite just examples. Russian Railways (RZD) is also embracing the trend, with a blockchain-based digital trading platform already operating since last year and new projects under plans. The state monopoly is aiming to manage the repair …

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Hyperloop One attracts new funding from state-backed Russian-Chinese fund

The Russia-China Investment Fund (RCIF), backed by Russia’s sovereign fund RDIF and China Investment Corporation, has invested an undisclosed amount in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The news was reported yesterday by Vedomosti. The business daily cited RDIF CEO Kirill Dmitriev, who did not specify the date of the transaction. The …

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Smart Moscow: How technology transforms urban living

Over the past several years, Moscow has turned into a global leader in the introduction of urban smart technologies and accessible communications. Muscovites can now recharge their smartphones and tablets while waiting for the bus, and access the Internet via lamppost hotspots. Free Wi-Fi for all passengers Muscovites can no longer imagine urban life without …

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China and Russia launch high-speed train projects across Eurasia to foster economic integration

Last year Russian Railways announced that China agreed to provide a 400 billion-ruble ($6.2 billion) loan to build a high-speed rail project between Moscow and Kazan, a city 800km east of the Russian capital. According to Russian news agency Sputnik, which cites The China Daily newspaper, this project is scheduled for completion in 2020. The trains will be able …

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Russian sovereign fund makes new investment in Hyperloop One, aims to develop new projects with US and Asian partners

Russia’s sovereign fund RDIF has “increased by several times” its investment in Hyperloop One, the Californian startup which aims to commercialize next-gen transportation technologies. The transaction — which was part of Hyperloop One’s latest round of funding last month — was revealed on Saturday at the APEC summit in Lima by the fund’s CEO Kirill Dmitriev. Dmitriev presented Dubai port operator DP World, which led the …

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Russia to develop direct rail transport corridor from China to Europe

Russian Railways (RZD) and Russian Post, have agreed to transport mail between China and Europe by interstate rail transport, the railways company reported earlier this month. The agreement, which was signed in the form of a roadmap at Sochi-2016, an international investment forum, on September 30, aims to address the growing demand for international shipping of letters and …

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Ziyavudin Magomedov becomes member of Hyperloop One’s board of directors

Ziyavudin Magomedov, a top businessman from Dagestan, took part in Hyperloop One’s latest $50 million round of funding and became a member of the US startup’s board of directors, Russian business daily RBC reported last week. The Russian billionaire had already participated in two previous rounds of the company. The latest one, which amounted to $80 million, …

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Google celebrates Trans-Siberian Railway

Yesterday Google dedicated its daily Doodle to the 100th Anniversary of completion of the Trans-Siberian Railway, which has “helped link a nation with the world.” Russia still depends on this railway to traverse nearly 9,300 kilometers from Moscow, Europe’s largest city, to Vladivostok, which neighbors China, Korea and Japan. “In just seven days, the railway transports travelers and …

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Hyperloop One attracted Russian state money in its latest funding round

A second Russian fund appears to be involved in Hyperloop One‘s latest $80 million round of financing, which was closed in April. Russia’s sovereign fund RDIF has just announced that it took part in the round, without disclosing, however, the amount of its contribution. “RDIF pays great attention to the development of transport infrastructure, including the technological …

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Russia considers deploying Hyperloop systems across the country

“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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