TyrePlex Raised Funds

TyrePlex Raised Funds

TyrePlex has raised INR 200 million in funding (approximately US$ 2.4 million) round led by PeerCapital with the participation from Titan Capital Winners Fund, Sattva Family Office, and existing investors, including 100 Unicorns. This funding will be strategically deployed to accelerate growth in multiple areas. TyrePlex plans to expand its geographic footprint into the top 25 cities across India, leveraging a combination of qualitative and quantitative data points for city selection.
By focusing on establishing a strong distribution base, TyrePlex as a B2B tyre marketplace, is keen to unlock additional services for both tyre brands and dealers. These include tailored solutions for customer relationship management, inventory optimisation and advanced analytics to drive informed decision-making.
A significant portion of the funds will be allocated to strengthening the company’s technology platform to further enhance dealer-centric tools and improve operational efficiencies. TyrePlex will additionally pilot tyre recycling and reverse logistics initiatives, addressing key sustainability challenges in the industry. The company is also focusing on creating a lean yet highly effective team to support its city expansion plans.
Founded in 2020 by auto-tech industry veterans, the company aims to revolutionise the highly fragmented tyre retail ecosystem in India by offering a comprehensive, technology-driven platform that empowers tyre dealers to enhance their efficiency and profitability.
With over 20,000 registered tyre dealers, the platform provides tools to improve sales and margins, streamline procurement, manage inventory, and set up online stores. The company’s app offers an integrated solution that simplifies operations, generates demand, and enables easy procurement of tyres with delivery within three or four hours.
The company’s dealer-centric approach has resulted in a high Net Promoter Score (NPS) and impressive repeat business metrics, reflecting the platform’s ability to address dealer pain points effectively. With seamless operations, reliable product availability, and competitive pricing, the platform has garnered strong loyalty among its users, fostering trust and long-term partnerships.
 

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    Tata Motors’ New Vehicle Scrappage Facility Opens Up In Guwahati

    Re.Wi.Re

    Tata Motors, one of India’s largest commercial vehicle manufacturers, has opened ‘Re.Wi.Re – Recycle with Respect’ its registered vehicle scrapping facility (RVSF) in Guwahati.

    The facility, operated by Tata Motors’ partner, Axom Platinum Scrappers, can safely dismantle up to 15,000 end-of-life vehicles annually. It can scrap passenger and commercial vehicles of all brands, making it the seventh such facility after Jaipur, Bhubaneswar, Surat, Chandigarh, the Delhi NCR region, and Pune.

    Jogen Mohan, Minister of Hill Areas Development, Transport, Co-operation, Indigenous and Tribal Faith & Culture, said, “The launch of this advanced vehicle recycling facility, will create valuable employment opportunities and support economic growth of our state and communities. In addition, it will also ensure safe disposal of end-of-life vehicles, reduce carbon emissions, and contribute to a cleaner environment. I thank Tata Motors for pioneering the start of start smart facilities in Assam.”

    Ashok Singhal, Minister of Health, Family Welfare and Irrigation, said, "The inauguration of Tata Motors' Re.Wi.Re facility in Guwahati is a key step toward a cleaner, greener Assam. This modern facility will foster a sustainable vehicle disposal ecosystem while benefiting both the environment and people of Assam."

    Girish Wagh, Executive Director, Tata Motors, said, "Today, with the launch of the Northeast’s first Re.Wi.Re facility in Guwahati, Tata Motors takes a significant step in advancing responsible vehicle scrapping in the region. Committed to the principles of a circular economy, we are driving practices that support sustainability. With our network of RVSFs across seven states, we can now dismantle over 100,000 end-of-life vehicles annually. We are proud to partner with Axom Platinum Scrappers for this facility and extend our thanks to the state government and local authorities for their unwavering support in making this initiative a reality."

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      Motul India Inaugurates Tech Centre In Mumbai

      Motul India Inaugurates Tech Centre In Mumbai

      Motul India has inaugurated a technology centre in Navi Mumbai spanning 7,595 sq. ft. The centre marks Motul’s fourth such facility globally and will develop cutting edge lubricant solutions for both existing and emerging technologies. 
      Marking a significant milestone in its commitment to innovate and offer the best solutions to the Indian market, the centre in Navi Mumbai is expected to help Motul, which entered the Indian market in 2003 through Atlantic Lubricants and Specialities. 
      The parent company being a prominent sponsor for various international motorsports events like the Dakar Rally and 24 Hours of Le Mans, Motul India is offering high performance lubricants for various automotive segments, including commercial vehicles and agricultural tractors. 
      In 2023, the company started a campaign to create a pull for its range of fully synthetic oils in the country for two-wheelers. The Motul 7100 engine oil for modern two-wheelers is one of the best products in its class. 
       

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        SKF India Rolls Out Mobile Van Campaign For Two-Wheeler Mechanics

        SKF Mobile Van

        SKF India, a leading technology and solutions provider for bearings and units, has launched a branded mobile van campaign targeted for two-wheeler mechanics across the country.

        The initiative aims to engage with over 8,000 mechanics covering 100 cities in 19 states in India. The campaign will focus on skill development, product awareness and provide anti-counterfeiting education. For the automotive aftermarket segment, counterfeiting remains a significant challenge, which poses risks to both customers and mechanics.

        Alagesan Thasari, Director, SKF Automotive India & Southeast Asia, said, “At SKF, we believe in fostering strong partnerships within the automotive ecosystem. This campaign is a step forward in ensuring customer satisfaction and enhancing the skills of mechanics who are vital to the ecosystem. By providing them with the knowledge, tools, and resources they need to succeed, we aim to not only enhance their skills but also contribute to a more sustainable and efficient automotive aftermarket."

        The mobile van will showcase SKF’s wide range of two-wheeler offerings, providing mechanics hands-on interaction with high-quality solutions. Customers will also get benefits under SKF’s 15-month warranty program.

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          Turning E-Waste into Art

          Turning E-Waste into Art

          A striking anamorphic sculpture, crafted from repurposed headlights, air conditioning units, chipboards and other discarded materials is helping to turn e-waste into an art. It is aiding to bring new meaning to sustainability and creativity. 
          A one-of-a-kind installation created by artists Rohini Maiti and Surya Punjabi in collaboration with Tata Motors’ Re.Wi.Re Recycling Facility, the striking anamorphic sculpture reflects the capability to transform e-waste into a powerful artistic statement. 
          Through ‘Behind A Silver Lining’, the artists have explored the intersection of art, science, and technology, giving new life in the process, to materials that would otherwise be discarded. The installation challenges the way we view industrial waste, encouraging audiences to see potential where others see obsolescence.
          More than just an artwork, the sculpture sparks important conversations about sustainability, innovation, and responsible recycling. Paying tribute to the Kala Ghoda tradition of horse-inspired sculptures, it also reflects on the evolution of transportation and the role of design in shaping a sustainable future.
           

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