Initial concept (pre-seed)

• The developing of the concept. Getting a low resolution idea of how the market landscape looks like. What are the economics and technical challenges that exist. How would everything function?
  

• These have all been figured out, so now we are in the process of moving into the next stage.

Starting development (Seed)

• Eventually a cash infusion will be needed, for we will need to get as far as possible without it.

• To this end the acquiring of a old railway carriage with low current axle weight will be crucial. This older carriage will play a significant role in the de-risking of development.

• This is also the team a full team will be developed both for physical prototyping and further analysis of the business case and engineering. Meaning we will initially focus on engineer, business modelling, and lawyer / administration roles.

Series A

• An initial capital infusion will be needed, depending on the size of which development will either need to be phased or happen concurrently. For this we would aim for between 200.000 to 1.5 million in funding, which along with the acquired railway carriages will form the basis for development and de-risking of the company. This might come from private sources, or via grants provided by government to aid in the de-carbonisation of the economy.

• Along with the development of our technologies a deep analysis on the revenues, profits, regulatory environment, and potential partners will happen to reduce the business risk, lowering our cost of capital, preparing for future investors.

Series B - C - …

• A first prototype of the final design will take shape. Manufacturing methods will be tested out. Along with an increase in the amount of on track testing that will be carried out.

• To do this a larger amount of capital will be needed, which is planned to be from private investors as the size would become substantial. Largely beyond government grants and aid.

• An additional financing round after the prototype and a manufacturing plan has been established. Allowing for the building out of a production line and certification.

Operations

• The manufacturing line is running at full speed. We will have transitioned form a start up to a mature company. Growth will still be a very considerable at this point. The company however is stable and not at any significant risk. Now the aim will be to further develop our product and its sustaining infrastructure. Creating new business segments and pushing for the decarbonisation of middle to long distance travel within the European continent.