The SMART Tire Company, Inc

The Next Great American Tire Company

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Security Type
Preferred Stock
Categories
Technology, Financial Services, Retail, Community & Lifestyle, Transportation & Storage
Min Investment
$100
Location
Akron, OH
Offering Date
January 08, 2022
Expected Close Date
April 29, 2024
Target Raise
$100.00K-$4.92M
No. Investors
1
Security Price
$5
Valuation
$54,455,000
Website
smarttirecompany.com
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)
Amount Raised : $1,140,913
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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