On Wednesday, a Russian state fund announced it has invested in the company Hyperloop One which is currently working on the development a futuristic train project that is planned to propel people and cargo inside capsules with the help of low-pressure tubes.

The Russian Direct Investment Fund was launched with the support of the Kremlin in 2011. Their goal was to attract investments to Russia, which made an undisclosed investment during a fund raiser in April alongside General Electric and the French railway company called SNCF. Fund’s chief Kirill Dmitriyev said the amount in question was very modest with a goal to implement the project within Russia. Dmitriev said the fund wanted to test these technologies in Russia as soon as possible together with Russia’s railway monopoly Russian Railways (known as RZD).

Hyperloop One is a young US-based start up that got the transportation market excited with the prospect of zipping people in pods moving through tubes at speeds of up to 1,200 kilometres (or 745 miles) per hour. Technology trials were held in the Nevada desert last month, which sent sleds gliding above magnetically charged rails.

Vice president of Hyperloop One says the company would like to work on a feasibility study for Moscow after a deal was struck with the mayor of the notoriously congested Russian capital of Sergei Sobyanin.

The technology may be able to give capital region commuters weeks of their lives back by moving them out of cars and into Hyperloop One vehicles that glide at speeds above 400 miles per hour. Hyperloop One is currently discussing with Russia’s giant Gazprom the possibility of using land taken up by gas pipeline infrastructure to build the transportation network, most importantly to Asia.

The company has been speaking closely with Russia’s transportation minister Maxim Sokolov a Hyperloop track that would link China with the port of Zarubino on the Pacific Ocean across 70 kilometres of Russian territory.