This crowd-investing model is characterized by the fact that the manufacturing company does not sell traditional securities but enters into convertible loan agreements with investors (lenders).

[13][14][15][16] The SkyWay Group is often mistakenly associated with Unitsky String Technologies Inc., which does not provide financial services but is a developer, supplier, and operator of transport systems.

[20] It has also been documented that the SkyWay Group promote their technology with paid advertising on television and in newspapers,[21] and that financial services are being offered via social media.

Passenger and freight electric vehicles with steel wheels are intended to travel automatically along these rails at speeds up to 150 km/h (potentially up to 500 km/h).

[38] In May 2017 a memorandum of understanding was signed by the minister of Urban Development of the Northern Indian state Himachal Pradesh with SkyWay Group.

[48] The minister who negotiated with SkyWay was criticised for doing so "without following proper procedures"[49] Critics also questioned why an agreement was signed with a company that had no operational projects,[39] and for the suitability of the technology to be used in the region.

[51] In February 2018 a memorandum of understanding was signed with the Gadjah Mada University in Central Java to promote research and innovation in the field of transportation.

[55] Both negotiations were postponed or cancelled because of concerns brought up in local politics and by the Italian regulatory agency Commissione Nazionale per le Società e la Borsa (CONSOB).

[56] In March 2019, Brianza – a region in North-West Lombardy, Italy – invited SkyWay to present a feasibility project for a cable car between Cologno Monzese and Vimercate.

[58] Regulators in Belgium, Lithuania, Estonia and Latvia have warned investors about SkyWay not being authorized to issue shares in the respective countries.

These concerns include the unrealistic returns promised to investors,[64] the value of its intellectual property,[65] awards it has won,[66] and people/organizations who have invested in the company.

Onliner.by (a popular Belarusian news portal), for example, document that the claims SkyWay made about a proposed project in Mogilev were actually untrue.

[65] The first critical article by the publication Onliner by was released in September, 2016 and it was commenting on the EcoTechnoPark testing facility being built at the time in Marjina Horka.

[71] In May 2017 the Volzhskaya Kommuna newspaper published a critical article on their 'Volga News' information portal about a telemarketing campaign used for funding in Samara.

[19] The company's representative Andrei Khovratov filed a lawsuit against the editorial board but in March 2018 the court decided against the plaintiff.

[71][72] In July 2017 the popular Crimea news sender Primechaniya.ru published an article critical of a telemarketing campaign promoting investment in an unsupported SkyWay project in Sevastopol.