{"id":38240,"date":"2024-05-21T14:19:32","date_gmt":"2024-05-21T08:49:32","guid":{"rendered":"https:\/\/nationalinsight.in\/index.php\/2024\/05\/21\/a-small-town-boy-from-rajasthan-solving-indias-burgeoning-tyre-pollution-raises-16-crore-in-pre-series-a-funding\/"},"modified":"2024-05-21T14:19:32","modified_gmt":"2024-05-21T08:49:32","slug":"a-small-town-boy-from-rajasthan-solving-indias-burgeoning-tyre-pollution-raises-16-crore-in-pre-series-a-funding","status":"publish","type":"post","link":"https:\/\/nationalinsight.in\/index.php\/2024\/05\/21\/a-small-town-boy-from-rajasthan-solving-indias-burgeoning-tyre-pollution-raises-16-crore-in-pre-series-a-funding\/","title":{"rendered":"A small town boy from Rajasthan solving India\u2019s burgeoning tyre pollution raises 16 crore in pre-series A funding"},"content":{"rendered":"
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New Delhi (India), May 21:<\/strong> Regrip<\/a>, India\u2019s pioneering re-engineered tyre startup, celebrates a significant milestone with the successful closure of its pre-Series A funding round, raising a substantial USD 2 million. The series saw participation of Qatar-based venture capital Sirious One, Inflection Point Ventures, and Let\u2019s Venture, alongside prominent angel investors such as EaseMyTrip Co-Founder Rikant Pitti, Shobitam Co-Founder Aparna Thyagarajan, and TIE Angels Chairman Mahavir Pratap Sharma. This round not only underscores confidence in Regrip\u2019s mission but also marks a successful exit for its initial investors.<\/p>\n

Founded solely by Tushar Suhalka and backed by celebrity investor Suniel Shetty, Regrip is poised to revolutionise the tyre recycling industry. Born and raised in Udaipur in Rajasthan, Tushar came to know about the horrific rubber pollution that tonnes of tyres create in India. While plastic pollution is well-known, this is a crisis not everybody talks about.And this was the turning point in his life when he decided to save the planet through sustainable tyre recycling.\u00a0<\/p>\n

Started in 2021 at a small workshop in Haryana, Regrip retreads tyres through advanced technology that makes the tyre as good as new one with 80% of new tyre life at half the price of a new tyre. Three years later, Regrip now has more than 13 owned facilities across India and caters to more than 1000 fleet owners who not only saves money but also the planet.\u00a0<\/p>\n

In addition to building India\u2019s largest network of discarded tyre collection centres, Regrip introduces groundbreaking technology, including the world\u2019s first solution to predict the life and price of old tyres, akin to \u201ccashify for old tyres.\u201d<\/p>\n

The raised funds will fuel the expansion of this innovative technology deployment with tyre companies and further enhance Regrip\u2019s collection network for discarded tyres. With this infusion of capital, Regrip aims to accelerate its impact on the environment by revitalising discarded tyres, reducing waste, and maximising their lifespan.<\/p>\n

Tushar Suhalka, Solo-Founder of Regrip India, expresses his excitement about the funding, stating, \u201cThis investment will enable us to expand our technological capabilities and bolster our efforts in building a robust collection network for discarded tyres across the nation. Our goal is not just to revolutionize the tyre recycling industry but also to make a significant impact on the environment.\u201d<\/p>\n

Regrip\u2019s commitment to innovation and sustainability resonates with its investors, who foresee substantial positive change in the industry. With the support of visionary investors, Regrip is poised to continue leading the charge towards a greener and more sustainable future.<\/p>\n

\u201cI am super excited about my association with Regrip. We\u2019re not just redefining the concept of re-cycled, safe, economical high-quality tyres, but also contributing to a greener future by reducing waste and maximizing the lifecycle of each tyre. By embracing innovation and sustainable practices, we can create a better world for generations to come,\u201d said Suniel Shetty.<\/p>\n

About Regrip<\/strong><\/p>\n

Regrip is India\u2019s pioneering re-engineered tyre startup, dedicated to revolutionizing the tyre recycling industry and minimizing environmental impact. With innovative technology and a commitment to sustainability, Regrip aims to maximize the lifespan of discarded tyres while reducing waste.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi (India), May 21: Regrip, India\u2019s pioneering re-engineered tyre […]<\/p>\n","protected":false},"author":1,"featured_media":38241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1312],"class_list":["post-38240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/38240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/comments?post=38240"}],"version-history":[{"count":0,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/38240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media\/38241"}],"wp:attachment":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media?parent=38240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/categories?post=38240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/tags?post=38240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}