Smart Tire Recycling

Smart Tire Recycling

Early Stage

Our company is turning a waste product into a lucrative commodity

Our company is turning a waste product into a lucrative commodity

Overview

Raised to Date: Raised: $513,525

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/30/2021

Close Date

06/29/2022

Min. Goal
$10,000
Max. Goal
$4,440,500
Min. Investment

$250

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.66

Pre-Money Valuation

$14,767,677

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/02/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,895

# of Investors

474

Momentum
Funded
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Year Founded

2016

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Pittsburgh, Pennsylvania

Business Type

Growth

Company Website

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: 09/30/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Smart Tire Recycling 06/28/2022 StartEngine $14,767,677 $513,525 Equity - Preferred Funded RegCF
Smart Tire Recycling 12/02/2020 Wefunder $2,500,000 $509,562 Equity - Preferred Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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Smart Tire Recycling on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $14,767,677
Price per Share: $1.66

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