Tyre Express raises additional seed funds via the IvyCamp platform
MUMBAI: Enterprise IoT solutions start-up Tyre Express has raised an additional undisclosed amount in seed round from IIT Bombay, IIT Delhi and Wharton alumni. This round follows the seed round that Tyre Express raised in January.
Tyre Express offers IoT-based solutions for vehicle diagnostics and has developed a platform to track and monitor performance of tyres in real-time for fleet operators. The platform enables fleet operators to enhance tyre life, improve fuel efficiency, reduce incidence of accidents and improve the overall operational efficiency for the fleet.
Founded in November 2015, Tyre Express is a part of the NASSCOM 10000 Startups and is supported by Microsoft’s BizSpark program.
Tyre Express targets to work with fleet operators who seek to actively leverage technology to improve operational efficiency. The company has received interests to implement its solution for tyre and vehicle OEMs and Organized Fleet operators from clients in India as well as Middle East and Americas.
"The very application of IoT to real life problems, especially in India, is exciting and I wish Tyre Express team grand success in their venture," said Rohitash Gupta, CFO of a BSE 500 KPO and an investor in the company.
The fundraise has been facilitated by IvyCamp, an innovation and entrepreneurship platform by IvyCap Ventures that connects entrepreneurs with mentors, investors and incubation centres through the global alumni networks of premier institutes such as IITs, IIMs, ISB and BITS Pilani.
Tyre Express offers IoT-based solutions for vehicle diagnostics and has developed a platform to track and monitor performance of tyres in real-time for fleet operators. The platform enables fleet operators to enhance tyre life, improve fuel efficiency, reduce incidence of accidents and improve the overall operational efficiency for the fleet.
Founded in November 2015, Tyre Express is a part of the NASSCOM 10000 Startups and is supported by Microsoft’s BizSpark program.
Tyre Express targets to work with fleet operators who seek to actively leverage technology to improve operational efficiency. The company has received interests to implement its solution for tyre and vehicle OEMs and Organized Fleet operators from clients in India as well as Middle East and Americas.
"The very application of IoT to real life problems, especially in India, is exciting and I wish Tyre Express team grand success in their venture," said Rohitash Gupta, CFO of a BSE 500 KPO and an investor in the company.
The fundraise has been facilitated by IvyCamp, an innovation and entrepreneurship platform by IvyCap Ventures that connects entrepreneurs with mentors, investors and incubation centres through the global alumni networks of premier institutes such as IITs, IIMs, ISB and BITS Pilani.
