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🛞 Refurbished Tyre Startup Regrip Nets Funding from SiriusOne. 💰 Summary: Regrip, a startup specializing in refurbished tyres, has secured an undisclosed amount of funding from SiriusOne, an early-stage venture capital firm. This investment will fuel Regrip's growth plans and support its mission to promote sustainability in the automotive industry. 🔑 Key Highlights: - SiriusOne has invested an undisclosed amount in Regrip, a startup that refurbishes and resells tyres, extending their lifespan and reducing waste. - Regrip aims to utilize the funds to expand its operations, enhance its technology infrastructure, and bolster its marketing and distribution efforts. - The startup's innovative approach to tyre refurbishment contributes to environmental sustainability by reducing the number of tyres ending up in landfills. 📈 Market Context: - The automotive industry is facing increasing pressure to adopt sustainable practices and reduce its environmental impact. - Tyre waste has emerged as a significant challenge, with millions of tyres being discarded annually, posing risks to the environment and human health. - Startups like Regrip are leveraging technological advancements to refurbish and resell tyres, offering a cost-effective and eco-friendly alternative to buying new tyres. 💼 Business Impact: - The funding from SiriusOne will enable Regrip to scale its operations and expand its reach, catering to a larger customer base seeking sustainable and affordable tyre solutions. - By investing in technology and infrastructure, Regrip can streamline its refurbishment processes, ensuring consistent quality and reliability of its refurbished tyres. - The startup's innovative approach aligns with the growing consumer demand for sustainable products and services, positioning it as a pioneer in the circular economy. 🔮 Looking Ahead: As the focus on sustainability intensifies across industries, Regrip's refurbished tyre solutions present a compelling opportunity to reduce waste and promote a circular economy in the automotive sector. With the backing of SiriusOne, Regrip can accelerate its growth trajectory, drive innovation, and contribute to a more sustainable future for the tyre industry. However, ensuring stringent quality control, educating consumers about the benefits of refurbished tyres, and fostering partnerships with industry stakeholders will be crucial for the startup's long-term success. REGRIP "RE-ENGINEERED TYRES" #Regrip #RefurbishedTyres #SustainableAutomotive #SiriusOne #CircularEconomy #TyreWaste #EnvironmentalImpact #StartUpNews #MicroShots #NewsUpdates

MyPickup, an IPV Ideaschool startup, has raised INR 1.5 Crore in a Seed Round led by Inflection Point Ventures. This investment comes as part of IPV's initiative to support early-stage ideas with high potential for innovation and impact. The funds will be allocated for development of scheduling algorithms, brand building, and optimization of operations management. MyPickup is an innovative urban transit services provider and an IPV Ideaschool startup that focuses on revolutionizing the transportation landscape. With a seed round of INR 1.5 Crore led by Inflection Point Ventures, the company aims to address urban congestion and pollution challenges in major cities. MyPickup offers a subscription-based electric auto-rickshaw service, targeting zero cancellations and zero surge pricing, ensuring a seamless commute experience for its users. The company's mission goes beyond convenience, as it seeks to create a cleaner, more efficient, and reliable transportation ecosystem for all. In addition to its primary focus on electric auto-rickshaws, MyPickup plans to expand its services to cover other use cases, including on-demand rides using fleet operators and various vehicle classes. By implementing robust standard operating procedures (SOPs) and training programs, the company ensures better control over drivers and vehicles, maintaining optimal customer experience. Founded by Abhijeet Jagtap, an accomplished MBA graduate from IIM Calcutta, MyPickup has demonstrated remarkable growth and operational efficiency in the sustainable mobility sector. The startup currently operates a fleet of seven electric autos, catering to 45 customers and achieving a monthly run-rate of INR 1.5 lakh, facilitating 800 rides per month with minimal marketing efforts. Looking ahead, MyPickup aims to scale by increasing fleet size and improving efficiency per vehicle, targeting large societies and apartment complexes within a few micro markets in a city for office and school rides. The company's commitment to addressing urban problems, coupled with its innovative approach to transportation, positions MyPickup as a promising startup poised to make a significant impact on urban transportation. read more at https://lnkd.in/ghmTz-cM #innovation #management #digitalmarketing #technology #creativity #futurism #startups

From AllTopStartups: Windshield Replacement: Maintaining Your Fleet On a Startup Budget ------------------------------- Managing fleet operations on a startup budget presents unique challenges when it comes to maintaining optimal vehicle safety and performance. Windshield replacement and repair constitutes one such area often overlooked… The post Windshield Replacement: Maintaining Your Fleet On a Startup Budget appeared first on AllTopStartups . #entrepreneur #startups #learnbusiness #techstartups #marketingtips #emailmarketing #businesstools #marketingstrategy #businessowner #startupbusiness #startuplife

Berlin-based Vay gets €34 million in venture debt to launch teledriven car-sharing services: The European Investment Bank (EIB) is lending €34 million to German teledriving technology startup Vay to help it develop its operations in Europe. The EIB loan will enable the Berlin-based company to accelerate the development of technology that enables a vehicle to be safely driven on city streets by a professionally trained human driver located […] The post Berlin-based Vay gets €34 million in venture debt to launch teledriven car-sharing services appeared first on EU-Startups. #startupnews #startups

Reengineered tire startup REGRIP has raised $2 million in funding from investors like SiriusOne Capital, Inflection Point Ventures, and LetsVenture. #newsupdates #newsflash #newsupdate #newsfeed #startupnews #startupindia #startups #startupecosystem #agritech #indianews #startupfunding #fundingnews #funding

Excellent use of April Fools by #OneWheel promoting an electric wheelbarrow... except I think they really should do this. 🙋♂️ #electrifyeverthing #electricvehicles #EVs #innovation #mobility #startups #aprilfools #sustainability #ridegreen

#Ride-hailing app Rapido has successfully raised $200 million in its Series E funding round, spearheaded by WestBridge Capital. The round also saw significant contributions from Think Investments, Nexus Venture Partners, and The Invus Group Group. WestBridge Capital invested $120 million of the total, with the remaining funds provided by the other participating investors. This latest round of funding has propelled the Bengaluru-based company to a valuation of $1.1 billion. The new funds will be directed towards expanding Rapido’s four-wheeler ride-hailing services, which were launched in December 2023. This strategic move is expected to strengthen Rapido’s competitive position against major players like @Ola and Uber in the Indian market. Rapido reports that autorickshaws contribute 40% to its Gross Merchandise Value (GMV), with bikes and cabs each accounting for 30%. Notably, bike taxis alone represent over 50% of the total number of rides. As of last month, WestBridge Capital was the largest external stakeholder in Rapido with a 32.88% share. This was followed by Swiggy and Nexus Ventures, holding 12.32% and 8.19%, respectively. The shareholding structure is expected to evolve with additional investments from Think Investments, Nexus Venture Partners, and Invus Group. In FY23, Rapido’s operating revenue surged threefold to Rs 443 crore. However, this rapid expansion also led to a 54% increase in losses, which totaled Rs 675 crore for the same period. The company has not yet released its financial results for FY24. Rapido co-founder Aravind Sanka confirmed the funding news. Syed Zulfekhar Ali Akash Singh Vangala Vijay Kumar Samaj Shekhar Saurabh Yadav Ritika Kacker Ravi Mittal Aditya Roy Amit Rawat Samir Sharma KIRAN DHANAPAL Jayesh S. Kanu Priya Peter Tiburzio Andrew Aubry Jennifer Kim Abhigyan Jha Shantanu Mantri Sandhya Gupta Ritu Mittal Puneet Kumar Sandeep Singhal Zenil Sanghvi Manav Shah Vinay S. Anand Datta Abhishek Gangwal Anirudh Tandon Rishit Desai

Post 1: Journey to Build a Better Ride-Hailing Solution 🚗 "Building a startup is challenging, but building a startup that can truly make a difference is worth every effort! 💪 At Apni Cab, we’re rethinking ride-hailing by empowering drivers with a subscription model and the option to own their cars over time. We’re currently in the process of raising funds to expand our reach and technology to achieve this mission. If you’re passionate about supporting innovation in mobility, let’s connect! #ApniCab #Innovation #Funding #StartupLife #MobilitySolutions" Post 2: Partnering for a New Vision in Mobility 🌍 "Imagine a ride-hailing platform where drivers not only work but also build ownership. With Apni Cab, we’re bringing this idea to life by allowing drivers to pay for their cars through affordable EMIs, making car ownership a reality. 🚖 We’re looking for visionary partners and investors who see the potential for social impact and growth in this model. Ready to be a part of something impactful? Reach out to learn more. #InvestInInnovation #ApniCab #RideHailing #Mobility #Funding #Empowerment" Post 3: Seeking Investors for Apni Cab 🚀 "Apni Cab is redefining what it means to work as a driver by creating opportunities for financial independence through vehicle ownership. We’re excited to scale our subscription-based ride-hailing app and are looking for investors who believe in empowering local economies and supporting innovative business models. Join us on this journey to make a meaningful change! #StartupFunding #MobilityInnovation #ApniCab #ImpactInvesting #InvestorConnect" Post 4: Revolutionizing Driver Empowerment with Apni Cab 💼 "We believe that drivers deserve more than just a percentage of their rides – they deserve the chance to own their future. At Apni Cab, we’ve built a subscription model that enables drivers to eventually own their vehicles. As we prepare to scale, we’re actively seeking investors who are passionate about social impact and mobility solutions. Let’s connect if you’re interested in fueling a startup that’s committed to positive change! #ApniCab #EmpoweringDrivers #SocialImpact #MobilityFunding #InvestInTheFuture"

#StartupStar: How start-up Intangles is strategising to disrupt India’s mobility ecosystem In conversation with Adgully, Neil Unadkat, Co-founder & CTO, Intangles, speaks about the growth and entrepreneurial journey of Intangles, the company’s unique value proposition, addressing challenges faced by the mobility ecosystem, shift towards a more sustainable automotive industry, and much more. read more: https://lnkd.in/dKTV63Hx ✍ Vaishnavi Yadav #startup #adgullyexclsuive