GACW

Growth Stage

Greentech Rolling Forward

Analytics

Raised to Date: Raised: $942,173

Aggregate Commitments $

Platform

StartEngine

Start Date

07/26/2022

Close Date

11/23/2022

Min. Goal

$9,999

Max. Goal

$1,643,826

Min. Investment

$249

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.24

Pre-Money Valuation

$39,970,598

Rolling Commitments $

Status
Funded
Reporting Date

11/30/2022

Days Remaining
Funded
% of Min. Goal

9,422%

% of Max. Goal

57%

Likelihood of Max
Funded
Avg. Daily Raise

$7,851

# of Investors

617

Momentum
Funded
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Location

Chandler, Arizona

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

GACW (Global Air Cylinder Wheels), with a valuation of $40 million, is raising funds on StartEngine. The company has reinvented the wheel by designing its patented Air Suspension Wheel. The wheel of GACW is an airless mechanical one made of steel with in-wheel pneumatic suspension. GACW’s green technology provides a cost-effective and eco-friendly alternative to pollutive rubber tires. The testing of GACW’s wheel solution has been tested by global miners, and additional Beta tests are to commence at mines sites in 2022. Dr. Zoltan Kemeny founded GACW in November 2019. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $1,643,826.24. The campaign proceeds will be used for the installation of the ASWs in Chile and Australia.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,761,654

$-2,057,331

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$50,883

$37,310

Accounts Receivable

$0

$0

Total Assets

$1,366,056

$471,527

Short-Term Debt

$2,752,943

$330,155

Long-Term Debt

$113,063

$1,446,182

Total Liabilities

$2,866,006

$1,776,337

Financials as of: 07/26/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GACW 11/23/2022 StartEngine $39,970,598 $942,173 Equity - Common Funded RegCF
GACW 04/08/2022 StartEngine $27,409,856 $3,357,879 Equity - Common Funded RegCF
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Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

A recent study estimates that rubber tires account for as much as 10% of all microplastic waste in the world’s oceans. Another study says 28%.

Rubber tires need to go. And the sooner the better. Governments are beginning to impose requirements on how rubber tires are disposed of. 

While a step in the right direction, it’s not nearly good enough. 

The only real long-term solution is getting rid of rubber tires altogether. And the first industry that has the most to gain from switching to non-rubber tires is mining. 

Thanks to one innovative startup — Global Air Cylinder Wheels (GACW)it’s happening right now.

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GACW on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $39,970,598
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