Swift Rails

Swift Rails

Early Stage

5x faster and 40x cheaper than regular transit

5x faster and 40x cheaper than regular transit

Overview

Raised to Date: Raised: $299,394

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/16/2022

Close Date

12/18/2022

Min. Goal
$50,004
Max. Goal
$534,996
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.00

Pre-Money Valuation

$15,529,680

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,081

# of Investors

161

Momentum
Funded
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

High

Location

Lancaster, New York

Business Type

Growth

Swift Rails, with a valuation of $15.5 million, is raising funds on Wefunder. The company is offering a new way of transportation with its on-demand personal vehicles working with zero emissions. The autonomous vehicles are powered by electric motors and use renewable energy. Swift Rails has partnered with a well-established national transportation practice and the support of a top engineering university. It has a growing sales pipeline already with $200 million in good-to-excellent opportunities. Kevin Neumaier founded Swift Rails in 2019. The current crowdfunding campaign has a minimum target of $50,004 and a maximum target of $534,996. The campaign proceeds will be used for business development, design and engineering, materials, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-205,022

$-225,415

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$17,129

$231,954

Accounts Receivable

$23,452

$1,102

Total Assets

$142,909

$307,315

Short-Term Debt

$2,061

$9,536

Long-Term Debt

$0

$67,600

Total Liabilities

$2,061

$77,136

Financials as of: 03/16/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Swift Rails 04/28/2024 Wefunder $20,700,000 $2,629 Equity - Preferred Active RegCF
Swift Rails 12/18/2022 Wefunder $15,529,680 $299,394 Equity - Preferred Funded RegCF
Swift Rails 02/14/2021 Wefunder $9,930,000 $361,963 Equity - Preferred Funded RegCF
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Swift Rails on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $15,529,680
Price per Share: $9.00

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