© reTyre
The funding round was led the Blue Revolution Fund from Hatch Blue, with additional participation from Fundracer and existing investors. This capital injection is intended to scale production, fulfil a growing order book and reach accelerate the company’s path to profitability.
After more than a decade of research and development, reTyre has developed a patented injection moulding technology that fundamentally changes how bicycle tyres are produced. The process reduces carbon dioxide emissions by 80 percent, allows for 100 percent recyclability, is dust-free and fully automated. By enabling decentralised, clean production close to original equipment manufacturer (OEM) assembly lines, the technology seeks to dramatically reduce transport emissions and logistical costs.
With this funding, reTyre will install its first fully automated production cell in Norway, followed by a second facility in Asia in 2026.
In tandem with the investment, reTyre is set to enter the performance utility tyre market through a strategic co-development partnership with Vittoria, a global leader in high-performance bicycle tyres. The two companies have signed a Strategic Collaboration Agreement to launch a new generation of performance tyres based on reTyre’s proprietary injection-moulding technology.
“After a decade of focused R&D, we’re proud to disrupt the industry with a technology that delivers a new level of performance while enabling true circularity and a sustainable solution in tyre manufacturing,” said Paul Magne Amundsen, chief executive and founder at reTyre, in a press release. “Support from Hatch Blue, Fundracer, and our co-development partnership with Vittoria, reflects deep confidence in both our vision and the breakthrough potential of our platform as we continue to scale.”
Georg Baunach, managing partner at Hatch Blue, added: “I’m excited to work with Paul and the rest of the reTyre team over the next few years. It is rare to come across truly disruptive innovation, and we are convinced that reTyre can completely change the way the multi-billion-dollar tyre market is structured. As reTyre scales, incorporating side and waste streams from regenerative aquaculture could meaningfully improve the economics and sustainability of aquaculture production.”
