Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

From heartache to $70 Million 💸

27 Feb 2026 · 1 min

Watch on YouTube

0:53

A patented system lets a single vehicle switch between highways and railroad tracks using a conventional tire paired with an integrated rail wheel. The company has $70 million in letters of intent from railroad operators and ports, with revenue expected to start in Q3.

Have you ever driven down the freeway behind a semi-truck and looked over at the rail and said, why aren't these guys over there? Well, the only reason why that is because there's multiple pieces of equipment that are needed to move goods from road to rail. So we're essentially industry agnostic, commercial side as well as the defense side, oil, gas, trash, containers, whatever moves on road or rail, we can move today utilizing our patented technology.
Oh, so it's a tire that turns into a wheel.
Yeah, we have 2 sets of wheels on it. So we have a road wheel as well as a rail wheel. We have $70 million in LOIs currently with railroad operators as well as ports and industrial manufacturers. And then we'll start realizing revenue Q3 this year.
So you actually charge transport. You're not a vehicle company.