We opened a 5,000-square-foot facility in Akron, Ohio, and formed strategic partnerships with Felt Bicycles, Spin Mobility of Ford Motor Company, and other leading automotive and aerospace companies. In 2021, we raised $1.3 million to test the market and build more prototypes. I was a founder of three previous startups: Fanstreme, a sports tech company founded in 2016 Smush Mobile Technologies, an SMS mobile marketing company founded in 2013 and Particle 5 Interactive, a company founded in 2010 that developed proprietary in-video/photo advertising technology for mobile platforms.
A recruiter from FedTech found me on LinkedIn and invited me to apply.īrian and I didn't have backgrounds within the tire industry, but we did have experience in business, startups, and disruptive technologies. When the COVID-19 pandemic hit, we turned circumstance into opportunity and started working on Mars rover technology with NASA Glenn, a research center in Cleveland that designs and develops innovative technology to advance NASA's missions in aeronautics and space exploration.Ī FedTech accelerator program that NASA Glenn sponsors normally takes place in Ohio, but because of the pandemic it went virtual and opened up to entrepreneurs around the country. In 2020, Brian Yennie and I started The Smart Tire Company, which produces airless, high-performance tires made from shape memory alloys, or SMAs - materials originally invented at NASA that can be deformed at one temperature but when heated or cooled return to their original shape. Here's the pitch deck they're using, a slightly revised version of the first, with updated data.They raised $1.3 million in 2021 and are now seeking an additional $3.7 million for a bicycle tire.
Earl Cole and Brian Yennie cofounded The Smart Tire Company, which has a partnership with NASA.
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