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The SMART Tire Firm on Wefunder 2023

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February 18, 2023

Overview

Raised to Date:
Raised:

$673,635

Safety Sort

Fairness – Most well-liked

Pre-Cash Valuation

$54,454,595

Rolling Commitments ($USD)

Reporting Date

02/18/2023

Probability of Max

Avg. Every day Elevate

$673,635

Momentum

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Trade

Transportation, Automotive, Aviation, & Aerospace

Location

Upland, California

The SMART Tire Firm, with a valuation of $54.5 million, is elevating funds on Wefunder. The corporate is revolutionizing the tire trade with its airless tires comprised of space-age materials and coated with a particular rubber-like materials. The space-age metals are known as form reminiscence alloys and are primarily based on expertise invented by NASA for rover missions to Mars. The corporate has a buyer ready listing of over 5,000 and has strategic partnerships and collaborations with Hyundai, Kia, The Ohio State College, the College of Akron, and Felt Bicycles. Earl Cole and Brian Yennie based The SMART Tire Firm in August 2020. The present crowdfunding marketing campaign has a minimal goal of $99,999 and a most goal of $4.9 million. The marketing campaign proceeds will probably be used for salaries and advantages, new gear, analysis and improvement, money reserve, gross sales and advertising, and common working bills.

Abstract Revenue and Loss Assertion


Income	$0	$0
COGS	$0	$0
Tax	$170	$0


Internet Earnings	$-436,413	$-1,524

Abstract Steadiness Sheet


Money	$845,135	$576
Accounts Receivable	$0	$0
Whole Property	$969,790	$576
Quick-Time period Debt	$41,661	$0
Lengthy-Time period Debt	$1,365,976	$2,100
Whole Liabilities	$1,407,637	$2,100

Financials as of: 02/17/2023

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Elevate Historical past

The SMART Tire Firm	04/30/2023	Wefunder	$54,454,595	$673,635	Fairness – Most well-liked	Energetic	RegCF
The SMART Tire Firm	04/29/2022	StartEngine	$50,042,425	$81,898	Fairness – Most well-liked	Funded	RegCF
The SMART Tire Firm	08/31/2021	Wefunder	$50,000,000	$2,848,694	SAFE	Funded	RegCF

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