About Tyres On The Drive
Tyres On The Drive is a company based in Crewe (United Kingdom) founded in 2011 was acquired by True Global in February 2019.. Tyres On The Drive has raised $13.76 million across 5 funding rounds from investors including Halfords, EV Group and Enterprise Ventures. The company has 170 employees as of December 31, 2016. Tyres On The Drive offers products and services including Mobile Tyre Fitting, Mobile Puncture Repair, Battery Replacement, Dash Cam Fitting, and Mobile Air Con Regas. Tyres On The Drive operates in a competitive market with competitors including Motokiki, Just Tyres, Tyremen, eTyres and Colewood Automotive, among others.
- Headquarter Crewe, United Kingdom
- Employees 170 as on 31 Dec, 2016
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Tyres On The Drive Limited
-
Annual Revenue
$20.53 K (USD)71as on Dec 31, 2016
-
Net Profit
$-9.53 K (USD)-55as on Dec 31, 2016
-
EBITDA
-
Total Equity Funding
$13.76 M (USD)
in 5 rounds
-
Latest Funding Round
$9.86 M (USD), Series B
Jan 19, 2017
-
Investors
Halfords
& 5 more
-
Employee Count
170
as on Dec 31, 2016
-
Acquired by
True Global
(Feb 11, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Tyres On The Drive
Tyres On The Drive offers a comprehensive portfolio of products and services, including Mobile Tyre Fitting, Mobile Puncture Repair, Battery Replacement, Dash Cam Fitting, and Mobile Air Con Regas. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
On-site fitting of car tyres for convenience and speed.
Repair of punctures at customer's location.
On-site replacement of vehicle batteries.
Installation of dash cams in vehicles.
Regassing of air conditioning systems on-site.
Funding Insights of Tyres On The Drive
Tyres On The Drive has successfully raised a total of $13.76M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $9.86 million completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $9.9M
-
First Round
First Round
(17 Apr 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Series B - Tyres On The Drive | Valuation | Halfords | |
| Oct, 2014 | Amount | Series A - Tyres On The Drive | Valuation |
investors |
|
| Sep, 2013 | Amount | Series A - Tyres On The Drive | Valuation | MMC Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tyres On The Drive
Tyres On The Drive has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Halfords, EV Group and Enterprise Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
True is engaged in business advisory and investment services.
|
Founded Year | Domain | Location | |
|
Seed and series-A investments are made in technology companies.
|
Founded Year | Domain | Location | |
|
Early and Growth stage Venture Debt firm that does debt investments in the UK
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Tyres On The Drive
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Tyres On The Drive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tyres On The Drive Comparisons
Competitors of Tyres On The Drive
Tyres On The Drive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Motokiki, Just Tyres, Tyremen, eTyres and Colewood Automotive, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tyres are located and prices compared through an online platform.
|
|
| domain | founded_year | HQ Location |
Online platform to buy auto tyres
|
|
| domain | founded_year | HQ Location |
Offers car and van tires, spare kits, wheel accessories, and garage services.
|
|
| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in tire sales and related products.
|
|
| domain | founded_year | HQ Location |
Online platforms linking customers to independent automotive fitters for tyre and battery retail.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Tyres On The Drive
Frequently Asked Questions about Tyres On The Drive
When was Tyres On The Drive founded?
Tyres On The Drive was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Tyres On The Drive located?
Tyres On The Drive is headquartered in Crewe, United Kingdom. It is registered at Crewe, Cheshire, United Kingdom.
Is Tyres On The Drive a funded company?
Tyres On The Drive is a funded company, having raised a total of $13.76M across 5 funding rounds to date. The company's 1st funding round was a Series A of $2.35M, raised on Apr 17, 2012.
How many employees does Tyres On The Drive have?
As of Dec 31, 2016, the latest employee count at Tyres On The Drive is 170.
What is the annual revenue of Tyres On The Drive?
Annual revenue of Tyres On The Drive is $20.53K as on Dec 31, 2016.
What does Tyres On The Drive do?
Tyres On The Drive was founded in 2011 and is based in Crewe, United Kingdom. Operations are conducted as an online retailer in the automotive sector, focusing on tyre sales. A large inventory of tyres is offered, along with free mobile fitting, repairs, and replacements. Bookings are handled online, enabling fittings at customer-selected locations across the region.
Who are the top competitors of Tyres On The Drive?
Tyres On The Drive's top competitors include Motokiki, Just Tyres and Tyremen.
What products or services does Tyres On The Drive offer?
Tyres On The Drive offers Mobile Tyre Fitting, Mobile Puncture Repair, Battery Replacement, Dash Cam Fitting, and Mobile Air Con Regas.
Who are Tyres On The Drive's investors?
Tyres On The Drive has 6 investors. Key investors include Halfords, EV Group, Enterprise Ventures, True, and MMC Ventures.