FIRST GOAL HIT (You can still invest)
raised from 150 investors
$15.530M pre-money valuation Priced Round
If you invest, you're betting Swift Rails, Inc. will be worth more than $15.530M in the future.
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When first hearing about Swift Rails I immediately wanted to be involved because I've seen a dire need for this solution first-hand. It fills a big gap in the US and Europe, but there is also a desperate need in other countries. Having lived in crowded cities in Latin America, Asia and traveled extensively, I have seen the chaos that is transportation in many developing countries. Transportation based soley on roads does not work for heavily populated areas, and a lot of these countries can only afford roads because transit systems are just too expensive. In many of these places it can take a couple hours to travel a few miles on hectic roads overflowing with all kinds of vehicles, most barely moving. Currently there is no solution I see like Swift Rails. In a world where affordable, green technology solutions are in short supply to tackle the infrastructure needs of the world, I feel the Swift Rails team will be able to build, scale, and thrive to meet these growing demands. I invested in Swift Rails’ first offering on Wefunder that closed in February 2021. My confidence in the team and product has only increased after seeing all they accomplished in the last year. With limited funding, they have made remarkable progress developing their technology, bringing down manufacturing costs to position for scale, and growing their sales pipeline. The momentum they’re creating is impressive, and they’re now very well positioned to benefit from the tidal wave of spending coming from the passage of the $1.3 trillion infrastructure bill. I think they are going to generate a ton of interest and win a lot of business in the next couple years. With big ticket projects, my opinion is that it’s not going to take many sales to trigger a step-change in growth and valuation. Swift Rails could have several hundred million dollars in revenue with just a handful of sales, and even a modest sales multiple on that could mean a 9 figure valuation in a relatively short amount of time. And again, it’s led by a fantastic team that’s got a lot of skin in the game, best asymmetric opportunity I’ve seen in a long time.
Invested $1,000 this round & $10,000 previously
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