Swift Rails
5x faster and 40x cheaper than regular transit
Analytics
Raised to Date: $345,428
Aggregate Commitments $
Wefunder
09/03/2020
02/16/2021
$50,001
$1,069,996
$100
Equity - Preferred
RegCF
Seed
$9,930,000
Weekly Commitments $
Active
01/17/2021
28
691%
32%
$2,540
269
Lancaster, New York
Transportation, Automotive, Aviation, & Aerospace
Hardwaretech
B2C
Medium
Low
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
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