Swyft Cities
About this raise: Swyft Cities, with a valuation of $12 million, is raising funds on Wefunder. The company is transforming cities with its lower-cost modular transportation. Swyft Cities has proprietary autonomy and has developed two prototypes successfully, demonstrating the technology, lower costs, and fast build times. The company’s first pilot project is underway in New Zealand and has a customer pipeline of over $150 million. Jeral Poskey, Clay Griggs, and Catrine Machi founded Swyft Cities in July 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for sales and marketing, technical development, hardware licensing fees, and general overhead expenses.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/22/2024
- Close Date
- 12/15/2024
$50,000
$1,000,000
$2,000
SAFE
Seed
RegCF
$9,000,000
$12,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,033,322
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/15/2024 | Wefunder | $12,000,000 | $0 | SAFE | Not Funded | RegCF |