Global Air Cylinder Wheels
Develops eco-friendly, airless wheels designed to replace traditional tires with a sustainable, recyclable alternative.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | $805k Valuation: $90.5m | Late VC | |
| Total Funding | 000k | ||
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Global Air Cylinder Wheels, based in Phoenix, Arizona, specializes in the development of airless mechanical wheels with pneumatic suspension for off-the-road (OTR) mining vehicles. Since 2011, the company has focused on creating the Air Suspension Wheel (ASW), which replaces traditional rims, rubber tires, and chains with a more durable and safer alternative. The ASW features an inner steel hub connected to an outer steel drum by twelve nitrogen-filled cylinders and six oil dampers, providing superior suspension. The outer drum can be fitted with customizable polyurethane or steel treads that are easily replaceable without removing the wheel.
The company primarily serves the mining industry, targeting clients such as dump truck and loader operators who require reliable and long-lasting wheel solutions. Operating in the heavy machinery market, Global Air Cylinder Wheels employs a business model centered around the sale and potential leasing of its patented wheel technology. Revenue is generated through direct sales, partnerships, and equity crowdfunding initiatives like those on the StartEngine platform.
Global Air Cylinder Wheels aims to transform the mining vehicle wheel market by offering a product that not only enhances safety and reliability but also reduces environmental impact by eliminating the need for frequent tire replacements.
Keywords: airless wheels, pneumatic suspension, mining vehicles, OTR, nitrogen-filled cylinders, oil dampers, steel hub, polyurethane treads, equity crowdfunding, heavy machinery.