About this raise
Swift Rails, with a valuation of $20.7 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. Swift Rails’ autonomous vehicles are powered by electric motors, use renewable energy, and are five times faster, 40 times less expensive, and 100 times safer than conventional modes of transportation. The company has partnered with a well-established national transportation practice and has 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 $50,006 and a maximum target of $614,999. The campaign proceeds will be used for business development, design and engineering, materials, and marketing.
Investment Overview
Invested $2,772 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $960,000
- VC Backed?
- No
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.