Los Angeles-based startup Hyperloop One announced Tuesday it partnered with Russian firm Summa Group to explore construction of transcontinental routes from Asia to Europe.
Hyperloop One was previously known as Hyperloop Technologies and was formed to delve into Tesla CEO Elon Musk’s hyperloop concept. According to DigitalTrends, Musk’s idea consists of two massive tubes connecting Los Angeles with San Francisco. Pods would carry passengers and freight through the tubes at speeds reaching 700 miles per hour. Magnetic accelerators will be planted along the length of the tube, which would propel the pods forward. A cushion of air would surround the pods in the tube, allowing the pods to move safely at such high speeds, like a puck gliding over an air hockey table.
Summa Group is a diversified private holding company with significant investments in port logistics, engineering, construction, telecommunications, and the oil and gas sectors. It employs over 25,000 people in 40 countries. The company signed its agreement with Hyperloop One at the St. Petersburg (Russia) International Economic Forum. The partnership is also looking at replacing an aging Russian train network in the Moscow region.
Co-founder of the start-up, Shervin Pishevar said in a statement that, “We are excited for the partnership between the Summa Group, the Russian Government and Hyperloop One to construct a Hyperloop in Moscow.” Pishevar stated that Hyperloop One’s long-term goal is to “implement a transformative new Silk Road: a cargo Hyperloop that whisks freight containers from China to Europe in a day.”
The whole concept was seen as a reaction by Musk to California’s high speed rail project. “I don’t think we should do the high-speed rail thing,” Musk told reporters. “It’s basically going to be California’s Amtrak,.”
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