Зиявудин Магомедов вошел в совет директоров Hyperloop One
The Chairman of the Board of Summa Group, Ziyavudin Magomedov, has been appointed to the Board of Directors of Hyperloop One.
He is joined by the DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem who also been appointed to the Board. They will assume their positions at the next board meeting.
Summa Group and DP World are strategic industrial players in the transport and logistics arena and they will bring their collective knowledge and expertise to help the development and adoption of Hyperloop One’s technology.
Last month Mr. Magomedov and Mr. Bin Sulayem pledged to work together to develop investment opportunities in ports, special economic zones and inland logistics facilities in the Far East of the Russian Federation, and to utilize the latest technologies to enhance the development of promising logistical corridors. Their investment in and participation on the board of Hyperloop One will enhance these intentions.
As heads of world’s top transportation and logistics companies, Ziyavudin Magomedov and Sultan Ahmed Bin Sulayem will share their insight, unique expertise, and deep knowledge to help Hyperloop One accomplish its ambitious vision and promise.
Ziyavudin Magomedov’s Caspian VC Partners fund has been a strategic and early investor in Hyperloop One, and has been proud to witness Hyperloop One’s growth and development.
BACKGROUND
The Hyperloop technology incorporates reduced-pressure (air pressure 1/1000 of normal) tubes in which pressurized capsules move efficiently at extremely high speed in the low friction environment. The diameter of the pipe is 6.8 meters (19.7 feet). Capsule is roughly 21 meter (69 feet) long and can carry 2 TEUs. The loading, movement, and unloading of the capsule is automated, on demand, and point to point.. The total capacity of a loaded capsule is roughly 30 metric tons.
Summa Group is a diversified private holding with significant investments in port logistics, engineering, construction, telecommunications and the oil and gas sectors. It employs more than 25,000 people in almost 40 regions of Russia and abroad. Mr. Ziyavudin Magomedov is the founder and shareholder of the Group.
Caspian VC Partners creates successful long-term relationships by investing their capital, time and strategic expertise into portfolio companies in the global technology sector. Caspian VC Partners backs outstanding entrepreneurs, their teams and their vision. Its portfolio includes such companies as Uber, Uber China, Hyperloop One, Diamond Foundry and ASAPP.
Hyperloop One is reinventing transportation by developing the world’s first Hyperloop, an integrated structure to move passengers and cargo between two points immediately, safely, efficiently, and sustainably. Our team has the world’s leading experts in engineering, technology and transport project delivery, working in tandem with global partners and investors to make Hyperloop a reality, now. Headquartered in Los Angeles, the company is led by CEO Rob Lloyd and co-founded by Executive Chairman Shervin Pishevar and President of Engineering Josh Giegel.
DP World is a leading enabler of global trade and an integral part of the supply chain. It operates multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions. It has a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets.