For startups, building up the financing for buying rolling stock is very difficult. There’s currently very little available on the rental market.
It’s difficult to just do a startup on general in this space (it’s sustainable mobility, but involves hardware, an old industry, old tech).
The state railways can afford rolling stock, but it’s extensive and takes a long time. They are not too innovative either, so may not solve the economics issues with new approaches, because they are too conservative.