Ziyavudin Magomedov re-invested in the Hyperloop project Elon musk

Russian Caspian VC Fund Partners (CVC) co-owner of Summa group, Ziyavudin Magomedov, has invested in the project vacuum train Hyperloop Elon musk, reported Techcrunch. The project itself changed its name from Hyperloop Hyperloop Technologies into One.

During the current round of investment Hyperloop has attracted $80 million in Addition to Fund Magomedov, means to project the Mask has invested Sherpa Ventures, EightVC, ZhenFund, which has already invested in it, as well as a number of new investors: 137 Ventures, Khosla Ventures, Fast Digital, Western Technology Investment (WTI), SNCF, GE Ventures and the French national railway company.

The total investment in Hyperloop is about $100 million.

CVC invests in the project Elon musk for a second time. In February 2015, the Caspian along with the Sherpa Capital and Zhenfund has invested in the project Mask $11.1 million As told Magomedov told Russian Forbes in December 2015, to invest in Hyperloop, he was offered the founder of the Fund Sherpa Capital Sherwin Pishevar with which they are co-investors in the online service taxi service Uber. Russian businessman called share Hyperloop “substantial” and announced plans to increase. Then he talked about plans to participate in a new investment round of $80 million.

Ziaudin Magomedov — member of the list of 200 richest businessmen of Russia according to Forbes (93-e a place). The publication estimates his fortune at $0.9 billion In September, 2015 it became known that Magomedov created the venture capital company CVC, through which it plans to invest $300 million in high-tech startups. In a press release it was reported that the Fund has already invested some funds in Peek Travel, Uber, Uber China, Diamond Foundry and Hyperloop Technologies. In addition, the company announced plans to invest in transport, agricultural, industrial and consumer projects as well as in robotics.

Hyperloop — a high-speed train project, which will move in the vacuum tube and to cover the distance from San Francisco to Los Angeles (about 600 km) in 30 minutes. Was developed in 2013 by the founder of Tesla, SpaceX and SolarCity Elon Musk, whose fortune Forbes estimates at U.S. $10.7 billion (94th place in the global ranking of billionaires).