The SMART Tire Company

Growth Stage

World's first high performance airless tire made from space-age materials @ NASA

Analytics

Raised to Date: Raised: $2,848,694

Aggregate Commitments $

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

Funding Type

RegCF

Series

Series A

Valuation Cap

$50,000,000

Discount Rate

0%

Rolling Commitments $

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

Momentum
Funded
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Location

Upland, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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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The SMART Tire Company on Wefunder
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Platform: Wefunder
Security Type: SAFE
Valuation: $50,000,000

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