Smart Tire Recycling, with a pre-money valuation of $2.5 million, is raising funds on Wefunder. The company has developed a pioneering process to recycle 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 was founded by Mendel Bassman in 2016 and has raised more than $400,000 since its founding. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $249,998. The funds from the raise will be used for lab testing, hiring a full-time engineer, marketing, and working capital. Smart Tire Recycling aims at reducing landfill tires and healing the environment by cutting carbon dioxide emissions.