The SMART Tire Company

The SMART Tire Company

Growth Stage

World's first high performance airless tire made from space-age materials @ NASA

World's first high performance airless tire made from space-age materials @ NASA

Overview

Raised to Date: Raised: $81,898

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/05/2022

Close Date

04/29/2022

Min. Goal
$9,996
Max. Goal
$3,703,442
Min. Investment

$244

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.60

Pre-Money Valuation

$50,042,425

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

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

$725

# of Investors

150

Momentum
Funded
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Year Founded

2021

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Upland, California

Business Type

Growth

The SMART Tire Company, with a valuation of $50 million, is raising funds on StartEngine. The company is revolutionizing the tire industry with its airless tires made from space-age material and coated with a special rubber-like material. The space-age metals are called shape memory alloys and are based on technology invented by NASA for rover missions to Mars. The company has strategic partnerships and collaborations with Spin Mobility and Felt Bicycles. Earl Cole and Brian Yennie founded The SMART Tire Company in August 2020. The current crowdfunding campaign has a minimum target of $9,995.80 and a maximum target of $3,703,441.60. The campaign proceeds will be used for sales growth, R&D, road testing, and new launches.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,524

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$576

$0

Accounts Receivable

$0

$0

Total Assets

$576

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/05/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The SMART Tire Company 04/28/2024 Wefunder $54,454,595 $1,097,134 Equity - Preferred Active RegCF
The SMART Tire Company 04/28/2022 StartEngine $50,042,425 $81,898 Equity - Preferred Funded RegCF
The SMART Tire Company 08/30/2021 Wefunder $50,000,000 $2,848,694 SAFE 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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The SMART Tire Company on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $50,042,425
Price per Share: $4.60

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