diff --git a/CODEOWNERS b/CODEOWNERS
index 46a9ca90fd..410a3b1e3c 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -240,7 +240,7 @@ esphome/components/shutdown/* @esphome/core @jsuanet
 esphome/components/sigma_delta_output/* @Cat-Ion
 esphome/components/sim800l/* @glmnet
 esphome/components/sm10bit_base/* @Cossid
-esphome/components/sm2135/* @BoukeHaarsma23
+esphome/components/sm2135/* @BoukeHaarsma23 @dd32 @matika77
 esphome/components/sm2235/* @Cossid
 esphome/components/sm2335/* @Cossid
 esphome/components/sml/* @alengwenus
diff --git a/esphome/components/sm2135/__init__.py b/esphome/components/sm2135/__init__.py
index 68a9094518..ce78d5337f 100644
--- a/esphome/components/sm2135/__init__.py
+++ b/esphome/components/sm2135/__init__.py
@@ -8,17 +8,49 @@ from esphome.const import (
 )
 
 AUTO_LOAD = ["output"]
-CODEOWNERS = ["@BoukeHaarsma23"]
+CODEOWNERS = ["@BoukeHaarsma23", "@matika77", "@dd32"]
 
 sm2135_ns = cg.esphome_ns.namespace("sm2135")
 SM2135 = sm2135_ns.class_("SM2135", cg.Component)
 
+CONF_RGB_CURRENT = "rgb_current"
+CONF_CW_CURRENT = "cw_current"
+
+SM2135Current = sm2135_ns.enum("SM2135Current")
+
+DRIVE_STRENGTHS_CW = {
+    "10mA": SM2135Current.SM2135_CURRENT_10MA,
+    "15mA": SM2135Current.SM2135_CURRENT_15MA,
+    "20mA": SM2135Current.SM2135_CURRENT_20MA,
+    "25mA": SM2135Current.SM2135_CURRENT_25MA,
+    "30mA": SM2135Current.SM2135_CURRENT_30MA,
+    "35mA": SM2135Current.SM2135_CURRENT_35MA,
+    "40mA": SM2135Current.SM2135_CURRENT_40MA,
+    "45mA": SM2135Current.SM2135_CURRENT_45MA,
+    "50mA": SM2135Current.SM2135_CURRENT_50MA,
+    "55mA": SM2135Current.SM2135_CURRENT_55MA,
+    "60mA": SM2135Current.SM2135_CURRENT_60MA,
+}
+DRIVE_STRENGTHS_RGB = {
+    "10mA": SM2135Current.SM2135_CURRENT_10MA,
+    "15mA": SM2135Current.SM2135_CURRENT_15MA,
+    "20mA": SM2135Current.SM2135_CURRENT_20MA,
+    "25mA": SM2135Current.SM2135_CURRENT_25MA,
+    "30mA": SM2135Current.SM2135_CURRENT_30MA,
+    "35mA": SM2135Current.SM2135_CURRENT_35MA,
+    "40mA": SM2135Current.SM2135_CURRENT_40MA,
+    "45mA": SM2135Current.SM2135_CURRENT_45MA,
+}
+
+
 MULTI_CONF = True
 CONFIG_SCHEMA = cv.Schema(
     {
         cv.GenerateID(): cv.declare_id(SM2135),
         cv.Required(CONF_DATA_PIN): pins.gpio_output_pin_schema,
         cv.Required(CONF_CLOCK_PIN): pins.gpio_output_pin_schema,
+        cv.Optional(CONF_RGB_CURRENT, "20mA"): cv.enum(DRIVE_STRENGTHS_RGB),
+        cv.Optional(CONF_CW_CURRENT, "10mA"): cv.enum(DRIVE_STRENGTHS_CW),
     }
 ).extend(cv.COMPONENT_SCHEMA)
 
@@ -31,3 +63,6 @@ async def to_code(config):
     cg.add(var.set_data_pin(data))
     clock = await cg.gpio_pin_expression(config[CONF_CLOCK_PIN])
     cg.add(var.set_clock_pin(clock))
+
+    cg.add(var.set_rgb_current(config[CONF_RGB_CURRENT]))
+    cg.add(var.set_cw_current(config[CONF_CW_CURRENT]))
diff --git a/esphome/components/sm2135/sm2135.cpp b/esphome/components/sm2135/sm2135.cpp
index 8bd64972c9..f9cd4235ed 100644
--- a/esphome/components/sm2135/sm2135.cpp
+++ b/esphome/components/sm2135/sm2135.cpp
@@ -19,63 +19,125 @@ static const uint8_t SM2135_ADDR_W = 0xC6;   // Warm
 static const uint8_t SM2135_RGB = 0x00;  // RGB channel
 static const uint8_t SM2135_CW = 0x80;   // CW channel (Chip default)
 
-static const uint8_t SM2135_10MA = 0x00;
-static const uint8_t SM2135_15MA = 0x01;
-static const uint8_t SM2135_20MA = 0x02;  // RGB max current (Chip default)
-static const uint8_t SM2135_25MA = 0x03;
-static const uint8_t SM2135_30MA = 0x04;  // CW max current (Chip default)
-static const uint8_t SM2135_35MA = 0x05;
-static const uint8_t SM2135_40MA = 0x06;
-static const uint8_t SM2135_45MA = 0x07;  // Max value for RGB
-static const uint8_t SM2135_50MA = 0x08;
-static const uint8_t SM2135_55MA = 0x09;
-static const uint8_t SM2135_60MA = 0x0A;
-
-static const uint8_t SM2135_CURRENT = (SM2135_20MA << 4) | SM2135_10MA;
-
 void SM2135::setup() {
   ESP_LOGCONFIG(TAG, "Setting up SM2135OutputComponent...");
   this->data_pin_->setup();
-  this->data_pin_->digital_write(true);
+  this->data_pin_->digital_write(false);
+  this->data_pin_->pin_mode(gpio::FLAG_OUTPUT);
   this->clock_pin_->setup();
-  this->clock_pin_->digital_write(true);
+  this->clock_pin_->digital_write(false);
+  this->data_pin_->pin_mode(gpio::FLAG_OUTPUT);
+
+  this->data_pin_->pin_mode(gpio::FLAG_PULLUP);
+  this->clock_pin_->pin_mode(gpio::FLAG_PULLUP);
+
   this->pwm_amounts_.resize(5, 0);
 }
+
 void SM2135::dump_config() {
   ESP_LOGCONFIG(TAG, "SM2135:");
   LOG_PIN("  Data Pin: ", this->data_pin_);
   LOG_PIN("  Clock Pin: ", this->clock_pin_);
+  ESP_LOGCONFIG(TAG, "  CW Current: %dmA", 10 + (this->cw_current_ * 5));
+  ESP_LOGCONFIG(TAG, "  RGB Current: %dmA", 10 + (this->rgb_current_ * 5));
+}
+
+void SM2135::write_byte_(uint8_t data) {
+  for (uint8_t mask = 0x80; mask; mask >>= 1) {
+    if (mask & data) {
+      this->sm2135_set_high_(this->data_pin_);
+    } else {
+      this->sm2135_set_low_(this->data_pin_);
+    }
+
+    this->sm2135_set_high_(this->clock_pin_);
+    delayMicroseconds(4);
+    this->sm2135_set_low_(clock_pin_);
+  }
+
+  this->sm2135_set_high_(this->data_pin_);
+  this->sm2135_set_high_(this->clock_pin_);
+  delayMicroseconds(2);
+  this->sm2135_set_low_(this->clock_pin_);
+  delayMicroseconds(2);
+  this->sm2135_set_low_(this->data_pin_);
+}
+
+void SM2135::sm2135_start_() {
+  this->sm2135_set_low_(this->data_pin_);
+  delayMicroseconds(4);
+  this->sm2135_set_low_(this->clock_pin_);
+}
+
+void SM2135::sm2135_stop_() {
+  this->sm2135_set_low_(this->data_pin_);
+  delayMicroseconds(4);
+  this->sm2135_set_high_(this->clock_pin_);
+  delayMicroseconds(4);
+  this->sm2135_set_high_(this->data_pin_);
+  delayMicroseconds(4);
+}
+
+void SM2135::write_buffer_(uint8_t *buffer, uint8_t size) {
+  this->sm2135_start_();
+
+  this->data_pin_->digital_write(false);
+  for (uint32_t i = 0; i < size; i++) {
+    this->write_byte_(buffer[i]);
+  }
+
+  this->sm2135_stop_();
 }
 
 void SM2135::loop() {
   if (!this->update_)
     return;
 
-  uint8_t data[6];
+  this->sm2135_start_();
+  this->write_byte_(SM2135_ADDR_MC);
+  this->write_byte_(current_mask_);
+
   if (this->update_channel_ == 3 || this->update_channel_ == 4) {
     // No color so must be Cold/Warm
-    data[0] = SM2135_ADDR_MC;
-    data[1] = SM2135_CURRENT;
-    data[2] = SM2135_CW;
-    this->write_buffer_(data, 3);
+
+    this->write_byte_(SM2135_CW);
+    this->sm2135_stop_();
     delay(1);
-    data[0] = SM2135_ADDR_C;
-    data[1] = this->pwm_amounts_[4];  // Warm
-    data[2] = this->pwm_amounts_[3];  // Cold
-    this->write_buffer_(data, 3);
+    this->sm2135_start_();
+    this->write_byte_(SM2135_ADDR_C);
+    this->write_byte_(this->pwm_amounts_[4]);  // Warm
+    this->write_byte_(this->pwm_amounts_[3]);  // Cold
   } else {
     // Color
-    data[0] = SM2135_ADDR_MC;
-    data[1] = SM2135_CURRENT;
-    data[2] = SM2135_RGB;
-    data[3] = this->pwm_amounts_[1];  // Green
-    data[4] = this->pwm_amounts_[0];  // Red
-    data[5] = this->pwm_amounts_[2];  // Blue
-    this->write_buffer_(data, 6);
+
+    this->write_byte_(SM2135_RGB);
+    this->write_byte_(this->pwm_amounts_[1]);  // Green
+    this->write_byte_(this->pwm_amounts_[0]);  // Red
+    this->write_byte_(this->pwm_amounts_[2]);  // Blue
   }
 
+  this->sm2135_stop_();
+
   this->update_ = false;
 }
 
+void SM2135::set_channel_value_(uint8_t channel, uint8_t value) {
+  if (this->pwm_amounts_[channel] != value) {
+    this->update_ = true;
+    this->update_channel_ = channel;
+  }
+  this->pwm_amounts_[channel] = value;
+}
+
+void SM2135::sm2135_set_low_(GPIOPin *pin) {
+  pin->digital_write(false);
+  pin->pin_mode(gpio::FLAG_OUTPUT);
+}
+
+void SM2135::sm2135_set_high_(GPIOPin *pin) {
+  pin->digital_write(true);
+  pin->pin_mode(gpio::FLAG_PULLUP);
+}
+
 }  // namespace sm2135
 }  // namespace esphome
diff --git a/esphome/components/sm2135/sm2135.h b/esphome/components/sm2135/sm2135.h
index 0277e9ba1c..a557fc3287 100644
--- a/esphome/components/sm2135/sm2135.h
+++ b/esphome/components/sm2135/sm2135.h
@@ -1,19 +1,43 @@
 #pragma once
 
+#include <vector>
+#include "esphome/components/output/float_output.h"
 #include "esphome/core/component.h"
 #include "esphome/core/hal.h"
-#include "esphome/components/output/float_output.h"
-#include <vector>
 
 namespace esphome {
 namespace sm2135 {
 
+enum SM2135Current : uint8_t {
+  SM2135_CURRENT_10MA = 0x00,
+  SM2135_CURRENT_15MA = 0x01,
+  SM2135_CURRENT_20MA = 0x02,
+  SM2135_CURRENT_25MA = 0x03,
+  SM2135_CURRENT_30MA = 0x04,
+  SM2135_CURRENT_35MA = 0x05,
+  SM2135_CURRENT_40MA = 0x06,
+  SM2135_CURRENT_45MA = 0x07,  // Max value for RGB
+  SM2135_CURRENT_50MA = 0x08,
+  SM2135_CURRENT_55MA = 0x09,
+  SM2135_CURRENT_60MA = 0x0A,
+};
+
 class SM2135 : public Component {
  public:
   class Channel;
 
-  void set_data_pin(GPIOPin *data_pin) { data_pin_ = data_pin; }
-  void set_clock_pin(GPIOPin *clock_pin) { clock_pin_ = clock_pin; }
+  void set_data_pin(GPIOPin *data_pin) { this->data_pin_ = data_pin; }
+  void set_clock_pin(GPIOPin *clock_pin) { this->clock_pin_ = clock_pin; }
+
+  void set_rgb_current(SM2135Current rgb_current) {
+    this->rgb_current_ = rgb_current;
+    this->current_mask_ = (this->rgb_current_ << 4) | this->cw_current_;
+  }
+
+  void set_cw_current(SM2135Current cw_current) {
+    this->cw_current_ = cw_current;
+    this->current_mask_ = (this->rgb_current_ << 4) | this->cw_current_;
+  }
 
   void setup() override;
 
@@ -40,40 +64,20 @@ class SM2135 : public Component {
   };
 
  protected:
-  void set_channel_value_(uint8_t channel, uint8_t value) {
-    if (this->pwm_amounts_[channel] != value) {
-      this->update_ = true;
-      this->update_channel_ = channel;
-    }
-    this->pwm_amounts_[channel] = value;
-  }
-  void write_bit_(bool value) {
-    this->clock_pin_->digital_write(false);
-    this->data_pin_->digital_write(value);
-    this->clock_pin_->digital_write(true);
-  }
+  void set_channel_value_(uint8_t channel, uint8_t value);
+  void sm2135_set_low_(GPIOPin *pin);
+  void sm2135_set_high_(GPIOPin *pin);
 
-  void write_byte_(uint8_t data) {
-    for (uint8_t mask = 0x80; mask; mask >>= 1) {
-      this->write_bit_(data & mask);
-    }
-    this->clock_pin_->digital_write(false);
-    this->data_pin_->digital_write(true);
-    this->clock_pin_->digital_write(true);
-  }
-
-  void write_buffer_(uint8_t *buffer, uint8_t size) {
-    this->data_pin_->digital_write(false);
-    for (uint32_t i = 0; i < size; i++) {
-      this->write_byte_(buffer[i]);
-    }
-    this->clock_pin_->digital_write(false);
-    this->clock_pin_->digital_write(true);
-    this->data_pin_->digital_write(true);
-  }
+  void sm2135_start_();
+  void sm2135_stop_();
+  void write_byte_(uint8_t data);
+  void write_buffer_(uint8_t *buffer, uint8_t size);
 
   GPIOPin *data_pin_;
   GPIOPin *clock_pin_;
+  uint8_t current_mask_;
+  SM2135Current rgb_current_;
+  SM2135Current cw_current_;
   uint8_t update_channel_;
   std::vector<uint8_t> pwm_amounts_;
   bool update_{true};
diff --git a/tests/test3.1.yaml b/tests/test3.1.yaml
index 19e4341ee6..0daf4e9671 100644
--- a/tests/test3.1.yaml
+++ b/tests/test3.1.yaml
@@ -300,6 +300,8 @@ text_sensor:
 sm2135:
   data_pin: GPIO12
   clock_pin: GPIO14
+  rgb_current: 20mA
+  cw_current: 60mA
 
 switch:
   - platform: template