The SMART Tire Company (2022)
About this raise
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.
Investment Overview
Invested : $81,898
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 01/06/2022
- Close Date
- 04/29/2022
$9,996
$3,703,442
$244
Equity - Preferred
Growth Stage
RegCF
$4.60
$50,042,425
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/31/2025 | Wefunder | $55,643,830 | $783,008 | Equity - Common | Active | RegCF |
| 04/29/2024 | Wefunder | $54,454,595 | $1,166,041 | Equity - Preferred | Funded | RegCF |
| 04/29/2022 | StartEngine | $50,042,425 | $81,898 | Equity - Preferred | Funded | RegCF |
| 08/31/2021 | Wefunder | $50,000,000 | $2,848,694 | SAFE | Funded | RegCF |
Growth Charts
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.