The SMART Tire Company
World's first high performance airless tire made from space-age materials @ NASA
Overview
Raised: $2,848,694
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/24/2021
Close Date
08/31/2021
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$50,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/05/2021
Days Remaining
Funded
% of Min. Goal
5,697%
% of Max. Goal
57%
Likelihood of Max
Funded
Avg. Daily Raise
$28,775
# of Investors
2,514
Momentum
Funded
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Year Founded
2021
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
The SMART Tire Company, with a $50 million valuation cap, is raising crowdfunding 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. Earl Cole and Brian Yennie founded The SMART Tire Company in August 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $5,000,000, will be used for research and development with NASA, salaries, marketing, prototypes, and other minor expenses. The SMART Tire Company tires are backed by over twelve years of research. The company has strategic partnerships and collaborations with Spin Mobility and Felt Bicycles.
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: 05/24/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| The SMART Tire Company | 04/30/2023 | Wefunder | $54,454,595 | $750,325 | Equity - Preferred | Active | RegCF |
| 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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