ReGrip gets fresh funding to expand tyre recycling business
The company has secured more than Rs 20 crore on Bharat Ke Super Founders from multiple sources including Red Bricks Capital.
Waste tyre recycler ReGrip has announced to have raised Rs 20.25 crore in funding, marking the biggest cheque of the season on Bharat Ke Super Founders. The investment reflects strong investor conviction in ReGrip’s scalable business model that combines environmental impact with commercial viability.
The funding comprises Rs 15.25 crore in equity for a 13.2 percent stake along with Rs 5 crore in debt, taking the total funding to Rs 20.25 crore. The largest equity commitment came from Red Bricks Capital, which invested Rs 8.9 crore, followed by Auxan with Rs 2.5 crore, Upaya/Chakra Rel with Rs 90 lakh, and Binge/Aryan with Rs 20 lakh. Individual investors also participated, including Ankur Mittal (Rs 2 crore), Dr Velumani (Rs 25 lakh), Nitish M (Rs 25 lakh) and Arti G (Rs 25 lakh).
Founded by Tushar Suhalka, ReGrip addresses India’s growing end-of-life tyre challenge through a technology-led, end-to-end waste management system. The company assesses discarded tyres for reuse or recycling, refurbishing usable tyres and reintroducing them to the market at nearly 50 percent lower cost with up to 80 percent usable life.
The non-reusable tyres are converted into crumb rubber used across the footwear, automotive, construction, fitness and manufacturing sectors, along with tyre-derived fuel and bio-crude oil that serve as alternative industrial fuels.
Currently operating across 24 locations in India and supported by a network of over 400 scrap dealers, ReGrip is the largest organised tyre waste collector in the country. The company manages the complete lifecycle of discarded tyres, from collection and sorting to refurbishment, recycling and tyre-to-fuel conversion, and holds India’s largest licence to operate a waste-to-energy (tyre-to-fuel) plant, strengthening its role in the circular economy and sustainable manufacturing ecosystem.
The Rs 20.25 crore funding will be used to expand processing capacity, strengthen collection and recycling infrastructure, and scale operations across new geographies, while continuing to integrate informal scrap collectors into a formal, compliant value chain.
Regrip has geographical presence in more than 8 states, with having sold more than 10,000 tyres under the brand “Regrip”.
