Smart Tire Recycling
Our company is turning a waste product into a lucrative commodity
Analytics
Raised to Date: $509,562
Aggregate Commitments $
Wefunder
09/11/2020
12/03/2020
$50,000
$1,070,000
$100
Equity - Preferred
RegCF
Pre-Seed
$2,500,000
Weekly Commitments $
12/31/2020
1,019%
48%
$6,139
547
Pittsburgh, Pennsylvania
Energy, Power, & Natural Resources
Cleantech
B2B
Medium
High
Smart Tire Recycling, with a pre-money valuation of $2.5 million, is raising funds on Wefunder. The company has developed a pioneering process to recycle tires into reusable materials. The tires are turned into their original components and are used to manufacture new tires and other products. Smart Tire Recycling was founded by Mendel Bassman in 2016 and has raised more than $400,000 since its founding. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $249,998. The funds from the raise will be used for lab testing, hiring a full-time engineer, marketing, and working capital. Smart Tire Recycling aims at reducing landfill tires and healing the environment by cutting carbon dioxide emissions.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-93,109 |
$-122,616 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,740 |
$13,536 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$34,594 |
$23,620 |
|
Short-Term Debt |
$76,631 |
$23,498 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$76,631 |
$23,498 |
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