Smart Tire Recycling

Early Stage

Our company is turning a waste product into a lucrative commodity

Analytics

Raised to Date: Raised: $358,922

Aggregate Commitments $

Platform

StartEngine

Start Date

10/01/2021

Close Date

03/29/2022

Min. Goal

$10,000

Max. Goal

$4,440,500

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$14,767,677

Rolling Commitments $

Status

Active

Reporting Date

01/16/2022

Days Remaining

72

% of Min. Goal

3,589%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,354

Momentum
cold.svg
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Location

Pittsburgh, Pennsylvania

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Smart Tire Recycling, with a valuation of $14.8 million, is raising funds on StartEngine. The company has developed a pioneering process to recycle used tires into reusable materials. The tires are turned into their original components and are used to manufacture new tires and other products. Smart Tire Recycling aims at reducing landfill tires and healing the environment by cutting carbon dioxide emissions. Mendel Bassman founded Smart Tire Recycling in 2016. The current crowdfunding campaign has a minimum target of $9,999.84 and a maximum target of $4,440,500. The campaign proceeds will be used for filling orders from some of the world’s largest tire manufacturers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-140,365

$-93,109

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$94,010

$5,740

Accounts Receivable

$0

$0

Total Assets

$229,074

$34,594

Short-Term Debt

$98,344

$76,631

Long-Term Debt

$0

$0

Total Liabilities

$98,344

$76,631

Financials as of: 10/01/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Smart Tire Recycling 03/29/2022 StartEngine $14,767,677 $358,922 Equity - Preferred Active RegCF
Smart Tire Recycling 12/03/2020 Wefunder $2,500,000 $509,562 Equity - Preferred Funded RegCF
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Smart Tire Recycling on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $14,767,677
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