The SMART Tire Company
About this raise: The SMART Tire Company, with a valuation of $60 million, is testing the waters on Wefunder. 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 SMART Tire Company has a customer waiting list of over 20,000 and has strategic partnerships and collaborations with Hyundai, Kia, NASA, and other aerospace partners. Earl Cole and Brian Yennie founded The SMART Tire Company in August 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for growth and expansion.
Investment Overview
Committed : $528,100
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 12/04/2024
- Close Date
- Testing the Waters
$100
Equity - Common
Series A
Test the Waters
$60,000,000
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,587,583
- Grants
- $10,000,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/04/2025 | Wefunder | $60,000,000 | $528,100 | Equity - Common | Active | Test the Waters |
| 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.