The SMART Tire Company (2025)
About this raise
The SMART Tire Company, with a valuation of $55.64 million, is raising funds 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 $50,004 and a maximum target of $5 million. The campaign proceeds will be used for payroll, R&D, salaries and benefits, new equipment, research and development, sales and marketing, rent and utilities, lab upgrades, and additional cash reserve.
Investment Overview
Committed : $844,357
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/04/2024
- Close Date
- 04/30/2026
$50,004
$5,000,000
$100
Equity - Common
Growth Stage
RegCF
$5.00
$50,079,447
$55,643,830
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +138% YoY
-
$240,319
as of Dec '23
- Monthly Burn
-
$34,291
as of FY2024
-
Runway
-
7.6 months
as of Dec '23
- Gross Margin
-
29%
as of FY2024
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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 |
|---|---|---|---|---|---|---|
| 04/30/2026 | Wefunder | $55,643,830 | $844,357 | 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.