About this raise

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.

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Investment Overview

Invested this round: $942,173

Deal Terms

Total 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

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.24

Pre-Money Valuation

$39,970,598

Company & Team

Company

Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Chandler, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Zoltan Kemeny
Title
President and CIO

Financials

 Revenue
$0
 Monthly Burn
$146,805
 Runway
0.3 months

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

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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.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$7,420,882
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/26/2025 DealMaker Securities $80,235,400 $1,465,422 Equity - Common Funded RegCF
05/21/2024 DealMaker Securities $53,000,000 $1,792,385 Equity - Common Funded RegCF
11/23/2022 StartEngine $39,970,598 $942,173 Equity - Common Funded RegCF
04/08/2022 StartEngine $27,409,856 $3,357,879 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
GACW on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $39,970,598
Price per Share: $2.24

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Follow GACW on StartEngine 2022

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Warning: according to the close date for this deal, GACW may no longer be accepting investments.

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