Smart Tire Recycling offering is now closed and is no longer accepting investments.

Innovation to Heal Our Planet

INVEST IN SMART TIRE RECYCLING TODAY!

At Smart Tire Recycling, we developed an innovative and sustainable chemical process to recycle used tires into raw materials with valuable applications across a broad range of industries. We solved the major scrap tire pollution problem while providing manufacturers who use carbon black with an environmentally friendly source for their materials.
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This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Smart Tire Recycling

Reasons to Invest

  • Our proprietary, patented process produces recycled carbon black, oils, steel and gas from end of life tires, healing the environment by cutting CO2 emissions from major pollution sources.
  • Our key product is recovered Carbon Black (rCB). The CB market size is expected to grow to $26 billion by 2025, yet supply shortages are expected.
  • Funding in this industry has grown in the past 18 months, and we have already been contacted by several US and global companies excited about our technology.

The Problem


Current Tire Manufacturing Harms the Environment

A staggering 1 billion tires are discarded into landfills annually. ( Source) Currently, only 15% of tires are recycled, mostly into shredded rubber with limited use. ( Source)


* Source

**All images are of products currently under development that are not yet available on the market.


Meanwhile, most new tires are made with the key material of newly-mined carbon black. Despite the explosive demand for green products, the manufacturing process for virgin carbon black emits some of the most harmful, toxic greenhouse gases on the planet.  


*All images are of products currently under development that are not yet available on the market.

THE Market


A Ubiquitous Product with Growing Demand

Tires are a massive part of everyday life, and the global Carbon Black market is approximately $20 Billion with a CAGR of 6.0%. 



The marketplace is wide open in terms of demand for rCB, with one analyst positing that of the 70 Million tons of rCB needed by the US tire industry today, less than 7% is actually being produced and sold. 


Until now, pyrolysis, the leading method of recycling tires to produce rCB since 2005, has failed to produce truly sustainable results. Our technology changes that. 


*All images are of products currently under development that are not yet available on the market.

THE solution


Cutting Emissions by Recycling Tires

Smart Tire Recycling uses a truly green, zero emissions process to generate recovered carbon black (rCB) along with other by-products such as oil and steel, while ensuring it is chemically on par with newly-mined carbon black.


*This video includes computer generated demo-versions of how our products process works. The product is currently under development.


We developed an advanced, patented technique to correct the faults of previous pyrolysis attempts, allowing for faster continuous production and a higher caliber yield of rCB.


*All images are of products currently under development that are not yet available on the market.


Once commercialized, we plan to make money in two ways:

  1. ‘Tipping fees’ paid for receiving and processing the overwhelming stockpile of tires in landfills. 
  2. Sale of components produced by our process including rCB, oil, and steel. The first two are sold for a premium due to their ‘green’ status. 


We have proven the viability of our production process at lab scale and we are currently in the process of developing our first demonstration plant in order to scale to full commercial capabilities. 

why invest


Building a Circular Economy with Leading Technology 

In 5 years, we hope to be the number 1 producer of rCB in North America with production plants located strategically throughout the United States.


*All images are of products currently under development that are not yet available on the market.


We believe we are on the cusp of being the leading provider of quality rCB to a $20 billion industry that is desperate for our product. We don’t cut corners, we don’t skip steps, and we deliver what the market wants. 


With your help we can start emptying landfills and filling orders from some of the world's largest tire manufacturers while making an appreciable, positive change in the environment. 


*All images are of products currently under development that are not yet available on the market.
Smart Tire Recycling 17b Disclosure



ABOUT

HEADQUARTERS
2315 Eldridge Street
Pittsburgh, PA 15217
VALUATION
$14.77M

At Smart Tire Recycling, we developed an innovative and sustainable chemical process to recycle used tires into raw materials with valuable applications across a broad range of industries. We solved the major scrap tire pollution problem while providing manufacturers who use carbon black with an environmentally friendly source for their materials.

TEAM

Mendel Bassman
Mendel Bassman
CEO and Board Member

Mendel has been a proven leader for 10 years first in the field of education and later in the recycling industry. He led many projects in the non-ferrous and e-scrap recycling industries. An action-oriented out-of-the-box thinker, Mendel takes ideas and makes them a reality. In 2014, he founded Smart Tire Recycling and assembled a team of world-class engineers to make Smart Tire Recycling an industry leader in tire pyrolysis.

Adam Epstein

Adam Epstein

CFO and Board Member

Upon graduating from Emory University, with a degree in Economics-Mathematics, Adam began managing his own private equity fund, specializing in Biotechnology. Soon after, he transitioned into consulting startup companies during their initial capitalization and development. With his background in marketing and product analysis, Adam advises small businesses throughout the United States.

Raymond Riek

Raymond Riek

Board Member

Ray is an action-oriented executive with experience in many facets of industrial business. He was the COO of Delta Energy, a start-up chemical company recovering materials from scrap tires. He previously worked for Monsanto Company for over 30 years, serving as director of the Technology, Rubber, and Process Chemicals Division.

Lacramioara Schulte auf'm Erley

Lacramioara Schulte auf'm Erley

CTO and Board Member

Lacramioara started her career as a chemical engineer in the tire industry, focusing on developing new blends for tires. Lacramioara successfully led commercialization projects in nanotechnology. She has been an entrepreneur for 15 years, aiding operations as both founder and scientist. She led the commercialization of several product-platforms, focusing on product development, market research, funding, and customer/supplier relations. Lacramioara holds a B.S. in chemical engineering, a Ph.D. in Chemistry from the University of Florida and an MBA from MIT Sloan School of Management.

Efim Monosov

Efim Monosov

Advisory Board Member

Efim Monosov is an experienced Chief Technology Officer with a demonstrated history of technical leadership in the environmental services industry. He has expertise and has worked in Energy, Environmental Compliance, Process Engineering, Environmental Engineering, and Chemical Engineering. Monosov has a PhD in Philosophy focused in Environmental Engineering Technology/Environmental Technology from Leningrad Civil Engineering Institute. 

Martin Von Wolfersdorff

Martin Von Wolfersdorff

Tire Pyrolysis and Recycling Specialist

Martin serves as the head of Wolfersdorff Consulting Berlin which has been in operation as a consultancy since 2014. Wolfersdorff Consulting has expertise that ranges across the entire color space, from white (titanium dioxide pigments with Huntsman / Venator Materials), over custom colours (thermoplastic masterbatch with Americhem) to black (carbon black.).

Wolfersdorff Consulting has developed an extensive network in the chemical and materials industries across all sectors: Plastics; packaging; paints & coatings; paper; food, drugs & cosmetics; rubber and more.

TERMS

Smart Tire Recycling
Overview
PRICE PER SHARE
$1.66
DEADLINE
Jun 30, 2022
VALUATION
$14.77M
AMOUNT RAISED
$513,525.25
Breakdown
MIN INVESTMENT
$249.00
MAX INVESTMENT
$106,998.62
MIN NUMBER OF SHARES OFFERED
6,024
OFFERING TYPE
Equity
ASSET TYPE
PREFERRED
SHARES OFFERED
Series CF3 Seed Preferred Stock
MAX NUMBER OF SHARES OFFERED
2,675,000

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

SMART TIRE RECYCLING, INC.

Corporate Address

:

2315 Eldridge Street, Pittsburgh, PA 15217

Offering Minimum

:

$9,999.84

Offering Maximum

:

$4,440,500.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Series CF3 Seed Preferred Stock

Minimum Number of Shares Offered

:

6,024

Maximum Number of Shares Offered

:

2,675,000

Price per Share

:

$1.66

Pre-Money Valuation

:

$14,767,677.06











Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Early Bird

Friends and Family - First 14 days | 40% bonus shares

Early Bird - Next 50 Days | 30% bonus shares

Volume Bonuses

Tier 1 perk - $500+ |10% bonus shares

Tier 2 perk - $1000+ |12% bonus shares

Tier 3 perk - $5,000+ |15% bonus shares

Tier 4 perk - $10,000+ | 18% bonus shares

Tier 5 perk - $25,000+ | 20% bonus shares

Tier 6 perk - $50,000+ | 20% bonus shares + virtual tour of our facility

Tier 7 perk - $100,000+ | 20% bonus shares + In person tour of the facility and personal meeting with the CEO

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Smart Tire Recycling, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Series CF3 Preferred Stock at $1.66 / share, you will receive 110 shares of Series CF3 Preferred Stock, meaning you'll own 110 shares for $166. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

ALL UPDATES

06.29.22

Less then 12 hours left to invest!

Join our team here to help us make a major impact in the world!

https://www.startengine.com/smarttire


Cheers,

Mendel 

06.28.22

We've reached 500K in investments on StartEngine!

Thank you to all our investors!

The campaign closes tomorrow. Now is the last chance.

https://www.startengine.com/smarttire

06.28.22

1 DAY LEFT TO INVEST!

B"H

Dear Investors and Potential Investors,

There is one day left to invest on this platform. Take advantage today!


https://www.startengine.com/smarttire

Looking forward,

Mendel 




06.23.22

A Message from our CEO

Smart Tire Recycling is wrapping up our seed fundraising on Start Engine.

 

I remember the first $5,000 raised from the first angel when we first started out. This was to buy our first pump for our first machine. Since then with a lot of help from G-d, family, and friends we are still climbing the hill.

 

$1.4MM later, I am excited to announce that we are emerging from R&D to a point where we are focused on the scale of our technology!

 

This is happening right as our first patent was just issued - the "journey" that started in 2017.

 

There is less than a week left to make an investment with us through StartEngine for as little as $249.

 

Join us now: startengine.com/smarttire

 

06.15.22

Volkswagen Recommits to Sustainability


Volkswagen isn’t just speaking about implementing a more sustainable manufacturing process, the company is working to implement contractual requirements for natural rubber sourcing from its suppliers. 

“In its 2021 responsible raw materials report, the German carmaker said it had established a project on innovative tracing technologies and their usability in the natural rubber value chain in partnership with the Volkswagen Group Research.” 

The VW group is also exploring secondary and renewable materials, including natural rubber substitutes. 

As part of this sustainability initiative, the German group joined the Global Platform for Sustainable Natural Rubber (GPSNR) and supported the development of reporting requirements for companies in rubber supply chains.

“Our focus in 2021 was on increasing transparency in the natural rubber sector and addressing the lack of credible, industry-wide sustainability standards.

“As GPSNR members, we are contributing to the development of reporting requirements to be implemented during 2022 for rubber suppliers," it added.

The group is also contributing to GPSNR's 'shared responsibility framework' whose goal is to create industry-wide standards. (Source) Volkswagen is just one example of a car/tire company working towards implementing more sustainable manufacturing practices.

At Smart Tire Recycling, we are at the forefront of providing these alternative materials to natural resources to create a more circular economy and increased sustainability. We are accepting investments through StartEngine for 2 more weeks. Now is the time to partner with us. 

Invest here.

 

 

06.08.22

The Difference Between Smart Tire Recycling and Everyone Else, Part 2

In conventional methods of pyrolysis, the production of quality products, such as carbon black and oil from scrap tires, and the separation and isolation of these products require catalysts and are energy intensive. This makes them economically unfavorable. Supercritical Fluid technology is able to efficiently break down the rubber material into lower molecular weight organics which can then be used in different industries. 

Another advantage of using Supercritical Fluid technology is that we can tune and control the solvent polarity through the adjustment of temperature and pressure. This enables us to produce the oil with the specific quality of high or low aromatic compounds as we wish.

Smart Tire Recycling is leading the way in providing a sustainable solution to many industries, including Tire Manufacturing and Oil and Gas industries.

Some ways in which the oil that’s produced from recycling scrap tires is used in the Oil and Gas industry is to:

  • Mitigate flow assurance issues such as paraffin and asphaltene deposition
  • Reduce viscosity of heavy crude oil
  • Clean up tank bottoms
  • Reduce pigging frequency
  • Assist in well cleanup

Additionally, our products help our customers in other ways as well:

  • Our customers can meet their sustainability goals because our products are a reclaimed from a waste material
  • There are more than 1B end-of-life tires to provide an unlimited supply of raw material
  • Our product is cost effective with stable pricing. Our production is not subjected to the fluctuations of oil market prices

Smart Tire Recycling is changing the landscape of tire recycling. There are only a few more weeks to be a part of this endeavor. Invest now at startengine.com/smarttire


 

06.01.22

1000th Investor

Smart Tire Recycling has recently had its thousandth investor invest in the company. While the StartEngine campaign has over 400 committed investors, we are gratified to share that since the start of our company and fundraising, there have been 1000 people that believe in our work and want to have a part in what we are doing for the future of tire recycling. There are still a few more weeks for private investors to join us, but that won’t last long. If you want a part of this revolutionary green tech company, invest now. startengine.com/smarttire


05.26.22

New Patent issued!


 

Smart Tire Recycling is happy to announce that it has received another patent allowance from the United States Patent and Trademark Office.

It is gratifying to see the work of Dr. Abdulhaq Alkhalidi continue years after his passing. What started as a simple idea between a Jewish Rabbi and a Muslim scientist has developed into something that can change the face of tire recycling. The Smart Tire Recycling team has grown so much since the days of Bassman and Alkhalidi tinkering in the garage, and this patent approval is just one sign that shows how far the company has come.

We are excited about this patent approval and are excited to continue growing our patent portfolio.

Our StartEngine fundraising campaign will be closing at the end of June, so make sure to invest NOW at startengine.com/smarttire

05.24.22

Campaign Closing

Smart Tire Recycling is pleased to announce that our crowdfunding campaign on StartEngine will be closing at the end of June. Now is the time to invest in a revolutionary company that is changing the face of tire recycling in a massive way. You only have a few more weeks to invest, and it is not time to delay. If you are even thinking about investing with us, NOW is the time to pull the trigger and have a share in the future of the tire industry. Invest now at startengine.com/smarttire

 


05.20.22

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Smart Tire Recycling has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Smart Tire Recycling be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine










REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Smart Tire Recycling.

$249.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$500.00

Tier 1 perk

$500+ |10% bonus shares

$1,000.00

Tier 2 perk

$1000+ |12% bonus shares

$5,000.00

Tier 3 perk

$5,000+ |15% bonus shares

$10,000.00

Tier 4 perk

$10,000+ | 18% bonus shares

$25,000.00

Tier 5 perk

$25,000+ | 20% bonus shares

$50,000.00

Tier 6 perk

$50,000+ | 20% bonus shares + virtual tour of our facility

$100,000.00

Tier 7 perk

$100,000+ | 20% bonus shares + In person tour of the facility and personal meeting with the CEO

JOIN THE DISCUSSION













0/2500

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