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.

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Investment Overview

Invested this round: $81,898

Deal Terms

Total 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

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.60

Pre-Money Valuation

$50,042,425

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Brian Yennie
Title
CTO
Founder Name
Earl Cole
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$127
 Runway
4.5 months

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

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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
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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.

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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Warning: according to the close date for this deal, The SMART Tire Company may no longer be accepting investments.

The SMART Tire Company Deal Report

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