One wants to help Russians commute more quickly.

The company, along with Russian investment firm Summa Group, has

signed a deal with the City of Moscow to explore building a

Hyperloop connected to Moscow's transportation grid.

"Hyperloop can improve life dramatically for the 16 million

people in the greaterMoscowarea,

cutting their commute to a fraction of what it is today,"

Shervin Pishevar, co-founder and executive chairman of

Hyperloop One, said in a statement.

"Our longer term

vision is to work withRussiato

implement a transformative new Silk Road: a cargo Hyperloop that

whisks freight containers fromChinatoEuropein a day.

"Los Angeles-based Hyperloop One, a startup working to

develop Hyperloop technology, already has feasibility

studies underway around the world, including in Switzerland, the

United Kingdom, Dubai, Finland, Sweden and the Netherlands, as

well as the Port of Los Angeles.

The company tested its propulsion system on a test track in Las Vegas in

May and aims to have a full-scale version by the end of this

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