Swift Rails

Swift Rails

Early Stage

Forever Sustainable Transportation - environmentally and financially

Forever Sustainable Transportation - environmentally and financially

Overview

Raised to Date: Raised: $2,739

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/16/2023

Close Date

04/29/2024

Min. Goal
$50,006
Max. Goal
$614,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$11.00

Pre-Money Valuation

$20,700,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/27/2024

Days Remaining

1

% of Min. Goal

5%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$17

Momentum
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Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Lancaster, New York

Business Type

Growth

Company Website

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$44,890

$29,468

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-229,128

$-223,553

Summary Balance Sheet

FY 2022 FY 2021

Cash

$89,477

$17,129

Accounts Receivable

$0

$0

Total Assets

$260,111

$144,551

Short-Term Debt

$25,275

$23,226

Long-Term Debt

$0

$0

Total Liabilities

$25,275

$23,226
Financials as of: 11/16/2023
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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 $2,739 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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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Swift Rails on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $20,700,000
Price per Share: $11.00

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