Swift Rails, Inc.

On-Demand Transit System

Company Information

Website:

https://www.swiftrails.com/

Sector:

Transportation

Location:

Buffalo, NY

Swift Rails is a new type of on-demand transit that’s 5x faster and 40x cheaper than conventional light-rail.

This system uses autonomous vehicles that travel rapidly on a highway of ultra-light rails. Vehicles are hailed using an app and deliver passengers directly to their destination with zero emissions. The rails are elevated 12 to 15 feet above traffic and pedestrians.

Swift Rails has built a test track and full-scale vehicle prototype. It’s since completed more than 1,000 test rides.

The company has secured a Letter of Intent from Clarkson University to build its Showcase Demonstration Project on the campus.

Team Background

Tony Gale - Chief Operating Officer
James Enright - Chief Design Officer
Kevin Neumaier - CEO
Raising
$1.07 million
Committed
$257K (24%)
Current Valuation
$9.93 million
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
  • $100K
    2015-05-01
    Unknown
    (Priced Round)
  • $70K
    2020-01-01
    Unknown
    (Priced Round)
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