The SMART Tire Company (2021)
About this raise
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.
Investment Overview
Invested : $2,848,694
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/24/2021
- Close Date
- 08/31/2021
$50,000
$5,000,000
$100
SAFE
Growth Stage
RegCF
$50,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
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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 | $796,067 | 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.