LoopWorks will provide climate-friendly and easy-to-use Personal Rapid Transit (PRT) for movement around Milpitas that bypasses traffic with quick, point-to-point and fare-free rides. To accomplish that goal, LoopWorks will use 3 innovative strategies:
Use a vehicle design that minimizes guideway size and markedly reduces cost.
Adopt a California Benefit Corporation legal structure to provide flexibility and transparency unavailable through governmental, for-profit, and non-profit corporate structures.
Seek foundation funding, rather than money from government agencies or investors, for designing and building the system to minimize delay and ensure financial viability.