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Security Type
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Preferred Stock
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Categories
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Technology, Financial Services, Retail, Community & Lifestyle, Transportation & Storage
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Min Investment
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$100
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Offering Date
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January 08, 2022
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Expected Close Date
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April 29, 2024
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Target Raise
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$100.00K-$4.92M
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No. Investors
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737
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Security Price
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$5
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Valuation
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$54,455,000
- Number of Employees
- 3
- Cash
- $49,209
- Revenue
- $100,895
- Short Term Debt
- $79,001
- Cost of Goods
- $10,243
- Long Term Debt
- $1,413,976
- Net Income
- $-788,442
Company Description
The SMART Tire Company makes what we believe is the world’s first high performance, airless tire, based on technology invented by NASA for rover missions to Mars. We use space-age metals called “shape memory alloys” that are elastic like rubber, yet strong like titanium. Our team has over 100+ years of combined, high tech entrepreneurial experience ranging from blockchain to venture capital, manufacturing, and tire development, including leading roles at Goodyear and previous co-research with NASA. The Company is currently pre-revenue and in the advanced prototype stage.
Key Deal Facts
12+ years and $10M+ research previously invested in this licensed NASA technology
Disrupt the $250B tire industry with patented airless tires made from advanced materials
Made in the USA (Akron, OH) + collaborating with top American brands (Ford Mobility, Felt Bicycles, major aerospace company)