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The Modular Tire System11-50 Employees
  • Early Stage
    Startup in initial stages
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The Modular Tire System
reTyre has unique, patented and award-winning consumer products for multiple vehicle segments (bikes, wheelchairs, prams). We make year-round mobility easier for the user, we make the industry more sustainable and our modular system solve needs in the whole value chain. We have spent 5 years developing our technology, investing in our factory and machines, and 3 years in-market verifying our business model and product-market fit to secure the prerequisites for global scaling. reTyre has raised a total of 3.6 million euro in investments and public grants to progress to this point, from which 2.5 million covers future R&D. We are now raising growth capital to scale our sales & marketing dept. and support expansion into new markets

reTyre aims at taking significant shares in a huge market space (230+ million bikes in th EU alone). We have substantial market traction and strong growth, a profitable business model and a highly capable team. As a hardware case we represent low risk with mature, well tested products with high accaptance, scalable trade-secret production and significant future funding for further scaling of our portfolio and manufacturing capacities. Our patented technology can easily be transferred to new verticals such as motorcycles, scooters etc.

Unique for reTyre is the scalability and profitability of our patented system utilizing strategies based on synergies and dependencies in the value chain and cumulative effects in a market characterized by high-volume and dynamics supporting fast scaling through OEM and retailers. reTyre has proven to give increased sales for the bike brand making it the preferred OEM tire, and our system provides recurring revenue in the aftermarket from the sales of Skins through retailers making us the most profitable tire company in history.
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Sigmund Andenes
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Paul Magne Amundsen
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CEO and Founder @reTyre. M.Sc. in Chemical Engineering. Unstoppable optimist, strategist and inventor gone mad.
Valuation

$0

Funded over

2 rounds

Latest round

Pre-Seed (Jun 2018)

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