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


Raised this Round: Raised: $509,562

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Preferred



SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Pre-Money Valuation


Year Founded



Energy, Power, & Natural Resources

Tech Sector


Distribution Model




Capital Intensity



Pittsburgh, Pennsylvania

Business Type


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.

Summary Profit and Loss Statement

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Net Income



Summary Balance Sheet

Most Recent Year Prior Year




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 09/10/2020
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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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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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Smart Tire Recycling on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $2,500,000
Price per Share: $1.87

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