# Progress Update: Exciting Developments
 | Swift Rails, Inc.

- Canonical URL: https://wefunder.com/feed/150510
- Entity ID: wefunder:feed_item:150510
- Published at: 2021-11-19 18:32:19 UTC
- Updated at: 2025-07-10 09:37:58 UTC

## Author
Daryl Anderson

## Subject
Swift Rails, Inc.

## Content
To our Investors and Supporters,Although it feels much longer, it has only been about 9 months since we paused our Wefunder campaign. I am happy to report that things are going very well!During that time, we have completed our outdoor test track, enabling us to advance our technology substantially. We have made considerable progress in several key areas – remote control of vehicles, wheel truck and chassis design, vehicle position tracking and monitoring, and the design for scalability of systems. These are largely unseen changes that improve our company significantly. They may lead to patents, better service, and lower costs of production as we scale operations.Business development has also moved forward in a meaningful way. We have two projects which have progressed to the later stages of development with identified funding and routes. These projects are waiting for final approvals. We have always considered our market to be global – we are moving forward with project plans in the US and the UK.As you probably know already, we have ongoing discussions with Niagara Falls, NY and have earned the support of many of the area’s key stakeholders. Most recently we were included in an extensive joint study conducted by Niagara Falls Global Tourism Institute and Niagara University (https://news.niagara.edu/news/show/niagara-global-tourism-institute-niagara-university-release-tourism-report ), which was well publicized and discussed strategies to improve Niagara Falls tourism. Swift Rails won an award at the International Transportation and Automotive Summit in Las Vegas earlier this year.In addition, we have received inquiries from other cities in both the US and UK, with early-stage interest varying from pilot programs to inclusion in specific development projects. Having done limited marketing to date, it is quite encouraging to see our sales pipeline continue to grow to approximately $200 million of good to excellent opportunities.Last week we attended the New York State Innovation Summit, our first conference since COVID started. We had a number of productive conversations, but more generally it was exciting to see high levels of engagement and interest in Swift Rails from attendees. We have emerged from COVID with a more mature story and technology, and it was wonderful to get out there to talk with folks again and see that their energy and enthusiasm for what we are doing remains highly supportive.The recent passage of the $1.2 trillion infrastructure bill represents a massive opportunity as we offer cities a highly efficient and sustainable way to deploy that funding. Our substantially lower capital costs and profitable operation combine to provide much more transit for each dollar spent. Further, the fact that we will not require operating subsidies in perpetuity enables many more cities to participate and consider building much larger systems than would otherwise be possible. Not only does the bill contain the largest ever funding for transit in the United States but it also emphasizes and funds transportation solutions improving climate, resilience, electric vehicles, neighborhood connectivity, and safety. Our company is a solution to all these things that make up new green infrastructure and we could not be happier.  The support that we have received from elected officials is yet another reason to be extremely optimistic on the future of our company.In the next few weeks, we will be restarting our Wefunder campaign to raise a limited amount of funds to continue developing our sales pipeline, attend national conferences in 2022 and generally begin raising awareness as we look to capitalize on the enormous funding opportunities made possible by the infrastructure bill. The current environment is far better than what it was when we launched our campaign last year in some of the darkest days of COVID, when there was no vaccine and economic uncertainty was pervasive. To those that invested in us back then, your confidence made possible the meaningful advances that have us so well positioned today.We appreciate your support and are excited about the great things that lie ahead for Swift Rails.Sincerely,Kevin ___________________Kevin NeumaierCEOSwift Rails, Inc.