PN New Delhi [India], May 21: ReGrip
India's leading re-engineered tire startup is celebrating a significant milestone with the successful completion of its Pre-Series A funding round, raising a substantial amount of US$2 million. The series saw participation from Qatar-based venture capital Siriu One, Inflection Point Ventures and Let's Venture, as well as lead investors such as EaseMyTrip co-founder Rikant Pitti, Shobitam co-founder Aparna Thiagarajan and TiE Angels President Mahavir Pratap Sharma. Also participated. This round not only underlines the confidence in Regrip's mission, but also marks a successful exit for its early investors. ReGrip, founded by Tushar Suhalka and backed by celebrity investor Suniel Shetty, is set to revolutionize the tire recycling industry. Born and raised in Udaipur, Rajasthan, Tushar became aware of the terrible rubber pollution caused by tonnes of tires in India.While plastic pollution is well known, it's a crisis that not everyone talks about. And it was the turning point in his life when he decided to save the planet through sustainable tire recycling. Launched in 2021 in a small workshop in Haryana, ReGrip retreads tires through advanced technology that makes tires as good as new with 80 percent new tire life at half the price of a new tyre. Three years later, ReGrip now has over 13 owned facilities across India and serves over 1000 Escape owners who not only save money but also save the planet. Apart from building the largest network of discarded tire collection centers in India, ReGrip has introduced groundbreaking technology, including the world's first solution to predict the life and price of old tyres, enabling "cashing in of old tyres". Is similar to.The funds raised will fuel expansion. The aim is to deploy this innovative technology with tire companies and further expand ReGrip's collection network for discarded tyres. With this investment of capital, ReGrip aims to accelerate its impact on the environment by repurposing discarded tyres, reducing waste and maximizing their lifespan. Tushar Suhalka, Solo-Founder. Expressing its excitement about the funding, ReGrip India said, “This investment will enable us to expand our technological capabilities and boost our efforts to build a strong collection network for discarded tires across the country.Our goal is to not only revolutionize the tire recycling industry, but also make a significant impact on the environment. Regrip's commitment to innovation and sustainability resonates with its investors, who expect significant positive change in the industry. With the support of visionary investors, Regrip is set to lead the way towards a greener and more sustainable future. “I am extremely excited about our association with ReGrip. We are not only redefining the concept of a recycled, safe, affordable high.- quality tyres, but while contributing to a greener future by minimizing waste and maximizing the lifecycle of each tyre, we can create a better world for future generations,” said Sunil Shetty ReGrip, India's leading re- Engineered tire startup dedicated to revolutionizing the tire recycling industry and reducing environmental impact, with innovative technology and a commitment to sustainability, ReGrip aims to maximize the lifespan of waste tires while minimizing waste.
India's leading re-engineered tire startup is celebrating a significant milestone with the successful completion of its Pre-Series A funding round, raising a substantial amount of US$2 million. The series saw participation from Qatar-based venture capital Siriu One, Inflection Point Ventures and Let's Venture, as well as lead investors such as EaseMyTrip co-founder Rikant Pitti, Shobitam co-founder Aparna Thiagarajan and TiE Angels President Mahavir Pratap Sharma. Also participated. This round not only underlines the confidence in Regrip's mission, but also marks a successful exit for its early investors. ReGrip, founded by Tushar Suhalka and backed by celebrity investor Suniel Shetty, is set to revolutionize the tire recycling industry. Born and raised in Udaipur, Rajasthan, Tushar became aware of the terrible rubber pollution caused by tonnes of tires in India.While plastic pollution is well known, it's a crisis that not everyone talks about. And it was the turning point in his life when he decided to save the planet through sustainable tire recycling. Launched in 2021 in a small workshop in Haryana, ReGrip retreads tires through advanced technology that makes tires as good as new with 80 percent new tire life at half the price of a new tyre. Three years later, ReGrip now has over 13 owned facilities across India and serves over 1000 Escape owners who not only save money but also save the planet. Apart from building the largest network of discarded tire collection centers in India, ReGrip has introduced groundbreaking technology, including the world's first solution to predict the life and price of old tyres, enabling "cashing in of old tyres". Is similar to.The funds raised will fuel expansion. The aim is to deploy this innovative technology with tire companies and further expand ReGrip's collection network for discarded tyres. With this investment of capital, ReGrip aims to accelerate its impact on the environment by repurposing discarded tyres, reducing waste and maximizing their lifespan. Tushar Suhalka, Solo-Founder. Expressing its excitement about the funding, ReGrip India said, “This investment will enable us to expand our technological capabilities and boost our efforts to build a strong collection network for discarded tires across the country.Our goal is to not only revolutionize the tire recycling industry, but also make a significant impact on the environment. Regrip's commitment to innovation and sustainability resonates with its investors, who expect significant positive change in the industry. With the support of visionary investors, Regrip is set to lead the way towards a greener and more sustainable future. “I am extremely excited about our association with ReGrip. We are not only redefining the concept of a recycled, safe, affordable high.- quality tyres, but while contributing to a greener future by minimizing waste and maximizing the lifecycle of each tyre, we can create a better world for future generations,” said Sunil Shetty ReGrip, India's leading re- Engineered tire startup dedicated to revolutionizing the tire recycling industry and reducing environmental impact, with innovative technology and a commitment to sustainability, ReGrip aims to maximize the lifespan of waste tires while minimizing waste.
