At the February 10, 2021 pitch session, Swift Rails took to the virtual stage presenting to 15+ investors. After the presentation, a brief closed-door investor discussion took place. Post-meeting, the investors will now complete a pitch evaluation sheet about the company. If the evaluations are favorable, Point Positive will subsequently conduct an in-depth due diligence review of the company's proposal and projected use of funds. If the outcome of that review is favorable, a deal will be structured, and all of the Point Positive members/investors will have the chance to participate on an individual basis in the deal. Decisions to invest or not are up to the member investors. The time commitment is tailored to preference – members can lead, mentor, advise, or just monitor and invest on an individual basis.
More on Swift Rails
Swift Rails is a new type of on-demand transit that is 5x faster and 40x cheaper than conventional light-rail and over 100 times safer than cars. We use autonomous 1-4 person vehicles traveling rapidly on a highway of ultra-light rails. Vehicles are hailed on-demand by app and deliver passengers directly to their destination with zero emissions.
Swift Rails is a new type of on-demand transit that is 5x faster and 40x cheaper than conventional light-rail and over 100 times safer than cars. They use autonomous 1-4 person vehicles traveling rapidly on a highway of ultra-light rails. Vehicles are hailed on-demand by app and deliver passengers directly to their destination with zero emissions. The rails are elevated 12-15 ft. using a pole similar in size to a light post, and they install quickly and easily almost anywhere. Their low cost, quick installation, and small footprint completely changes how transit can be applied by eliminating the biggest hurdles to implementation. In many cases, we can build a system for the time and cost of studying conventional transit projects. Due to prohibitive cost, less than 5% of suitable cities have transit systems and we have the solution to fill that enormous gap. Swift Rails' unique innovation lies in its engineering design i.e. a very low rolling resistance, superior aerodynamics, ultra-light vehicles, innovative track switching mechanisms, and its (infrastructure and vehicle) cost-effectiveness as a new form of individualized transit to enable mode shifts from single-occupant vehicles to more sustainable forms of transportation.
"We completely change how transit can be applied. Our competitive advantage is twofold: 1) Passenger focused design with "first-class" comfort; and 2) Engineering for high performance at low cost. Our system has a small footprint and, at scale, will be cheaper to put in place than new roads. The conventional competition includes autos, ridesharing, and public transit. Autos and ridesharing are more expensive per mile and will always have traffic and safety issues. Public transit is very expensive. We are one of eight startups vying to be the first to market with individualized transit. We are the only company in this class headquartered in New York and we believe we have both a cost and quality advantage compared to competitors."