Swift Rails

Neutral
BETA

5x faster and 40x cheaper than regular transit

Analytics

Raised to Date: $345,428

Aggregate Commitments $
Platform

Wefunder

Start Date

09/03/2020

Close Date

02/16/2021

Min. Goal

$50,001

Max. Goal

$1,069,996

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$9,930,000

Weekly Commitments $
Status

Active

Reporting Date

01/17/2021

Days Remaining

28

% of Min. Goal

691%

% of Max. Goal

32%

Likelihood of Max
Avg. Daily Raise

$2,540

# of Investors

269

Momentum
Location

Lancaster, New York

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Swift Rails, with a pre-money valuation of $9.93 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. Kevin Neumaier founded Swift Rails in 2019. The proceeds of the current crowdfunding round, with a minimum target of $50,001 and a maximum target of $1,069,996, will be used for design and engineering, business development, materials, and general and administrative expenses. Swift Rails has partnered with a well-established national transportation practice and the support of a top engineering university.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-19,354

$-14,611

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,890

$46,857

Accounts Receivable

$0

$0

Total Assets

$57,441

$70,786

Short-Term Debt

$4,679

$0

Long-Term Debt

$0

$0

Total Liabilities

$4,679

$0

Ratings

last updated 01/19/2021

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