The SMART Tire Company

Growth Stage

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

Analytics

Raised to Date: Raised: $81,898

Aggregate Commitments $

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

Funding Type

RegCF

Series

Seed

Price Per Share

$4.60

Pre-Money Valuation

$50,042,425

Rolling Commitments $

Status
Funded
Reporting Date

05/01/2022

Days Remaining
Funded
% of Min. Goal

819%

% of Max. Goal

2%

Likelihood of Max
Funded
Avg. Daily Raise

$725

Momentum
Funded
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Location

Upland, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

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: 01/06/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
The SMART Tire Company 04/29/2022 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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The SMART Tire Company on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $50,042,425
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