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Actor Suniel Shetty Invests In Re-Engineered Tyre Startup Regrip

PRIVATEJul 15, 2023

Round Type

Funding Round

GurgaonManufacturing

Description

Bollywood actor Suniel Shetty on Saturday announced his investment in re-engineered tyre startup brand Regrip. "I am super excited about my association with Regrip. We're 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," the actor said

Quick answer

Regrip raised an undisclosed amount in a Funding Round round, dated July 15, 2023. Regrip is based in Gurgaon, Haryana, India.

How much did Regrip raise?
Regrip raised an undisclosed amount in a Funding Round round on July 15, 2023.
What does Regrip do?
REGRIP is creating India’s first re-engineered tyre brand, offering a high-performance alternative to new tyres for dummy and drive axles in heavy commercial vehicles.
Where is Regrip based and how big is it?
Regrip is based in Gurgaon, Haryana, India.
Who are the decision-makers at Regrip?
Fundz holds 1 contact at Regrip. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as Regrip that raised within 45 days of this round, from Fundz verified event records.

  • Novatron Fusion Group AB raised an undisclosed amount (Seed) on August 29, 2023.
  • Valaurum raised $1M (Seed) on August 29, 2023.
  • Summer Hawk Optics raised $1.2M (Seed) on August 28, 2023.
  • Kinderfarms raised $20M on August 28, 2023.
  • Nature's Toolbox raised $10M on August 25, 2023.
  • Blue Current raised $16M on August 25, 2023.

Who to call at Regrip, and when

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Company Information

Company

Regrip

Location

Gurgaon, Haryana, India

About

REGRIP is creating India’s first re-engineered tyre brand, offering a high-performance alternative to new tyres for dummy and drive axles in heavy commercial vehicles. REGRIP helps fleet owners significantly reduce tyre costs with an affordable, reliable, and sustainable product range. REGRIP tyres are produced by refurbishing old and used tyres through a cold-process retreading method, converting them into reusable tyres that perform comparably to new tyres and come with an unconditional warranty—at roughly half the cost of new tyres. Guided by the core values of “Reduce – Reengineer – Reuse,” REGRIP also lowers carbon footprints. Manufacturing one new average-size truck tyre consumes about 22 gallons of oil, while re-engineering a tyre uses only around 7 gallons—meaning every REGRIP tyre saves approximately 56 litres of oil for the nation.

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