The SMART Tire Company
Growth Stage
World's first high performance airless tire made from space-age materials @ NASA
Overview
Raised: $81,898
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/06/2022
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
Price Per Share
$4.60
Pre-Money Valuation
$50,042,425
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
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
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: 01/06/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| The SMART Tire Company | 04/29/2024 | Wefunder | $54,454,595 | $984,718 | Equity - Preferred | Active | RegCF |
| The SMART Tire Company | 04/29/2022 | StartEngine | $50,042,425 | $81,898 | Equity - Preferred | Funded | RegCF |
| The SMART Tire Company | 08/31/2021 | Wefunder | $50,000,000 | $2,848,694 | SAFE | Funded | RegCF |
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