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Security Type
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Preferred Stock
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Categories
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Other
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Min Investment
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$100
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Offering Date
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September 12, 2020
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Expected Close Date
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December 11, 2020
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Target Raise
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$50.00K-$250.00K
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Deal Notes
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Price per Share: $1.8707
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Valuation
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$2,500,000
Company Description
Smart Tire Recycling Inc. has developed a pioneering, zero-emission process to cleanly recycle tires into reusable materials. Our process un-bakes the tire back into its original components, which can be used to manufacture new tires, thereby creating a truly circular economy. Our goal is to help solve the major global problem of the 1 billion tires disposed of annually. Our goal is to be at the forefront of the clean, tire-recycling industry and to be processing more than 18 Million tires annually contributing to the reduction in toxic emissions by nearly half a million metric tons of carbon dioxide and producing revenue in excess of $44 Million. These projections cannot be guaranteed.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Perks
Invest $5,000+ for 15-minute phone conversation with the CEO
$10,000+ A 30-minute conversation with the CEO
$25,000+ Tour of the lab, and dinner with the CEO in Pittsburgh
$50,000+ Right of first refusal for our next round
Invest $5,000+ for 15-minute phone conversation with the CEO
$10,000+ A 30-minute conversation with the CEO
$25,000+ Tour of the lab, and dinner with the CEO in Pittsburgh
$50,000+ Right of first refusal for our next round
Key Deal Facts
Perfect timing - Technology is proven, the market is wide open
Healing the environment by cutting CO2 emissions from two of the biggest sources
Can significantly reduce landfill tires
Cheap readily-available materials
Huge untapped market
Use of Proceeds
$50,000
- 35% of funds for lab testing to do more in-depth lab validation of our end products to secure our first customer
- 40% of funds to hire a full-time engineer
- 18.5% of funds for marketing and working capital
- 6.5% of funds for Wefunder
$249,998
- 20% of funds for lab testing to do more in-depth lab validation of our end products to secure our first customer
- 30% of funds to scale the technology
- 33.5% of funds for salaries of engineers and consultants
- 10% of funds for marketing and working capital
- 6.5% of funds for Wefunder
Management Team / Advisory Board Bios
Mendel Bassman
CEO and Co-Founder
Created a recycling program for hardware stores across the country to recycle keys and key shavings while working as the General Manager for Bucktown Recycling.
Lacramioara Schulte, Ph.D., MBA
CTO
Dr. Shulte has a B.S. in chemical engineering and a Ph.D. in Nanotechnology. She also holds an MBA from the Massachusetts Institute of Technology – M.I.T. She worked in Romania doing research in the tire manufacturing field.
Carlos Cabral
COO
An environmental engineer that built close to a dozen full-scale engineering facilities around the globe.
Adam Epstein
CFO
Managing his own private fund. Been consulting startup companies for over 15 years during their initial capitalization and development. Manages a private equity fund, specializing in Biotechnology. MBA from Emory University.
Raymond Riek
VP of Commercialization
Founder of the first company to commercialize equipment to produce recovered carbon black from tires
Martin von Wolfersdorff
Sales Consultant
The biggest mover and shaker in the recovered carbon black industry.
Clint Edelman
Chemical and Process Engineer
Designed a process and equipment to manufacture a silver nano-wire solution
Tom Koger
Test Engineer
Over two decades of experience building supercritical equipment from the ground up.
John Salter
Lab Technician
Benjamin Davis
Supercritical Fluid Consultant
Steven Cherin
Legal Council