TyresOnTheDrive.com operates a mobile tyre-fitting system that allows customers to book professional tyre services at home or at work through an online platform developed in-house. The company’s consumer services include mobile tyre fitting, puncture repair and winter-tyre fitting, while its corporate proposition covers tyre checks and fleet and trade enquiries. Its service is currently available in Manchester, Birmingham, Leeds, Liverpool and Oxford. Established in 2011 and led by Chairman Robert Gorrie, the business has an experienced management team. Financially, the company secured up to £8m in equity funding. Backers in the round include strategic investor Halfords and existing shareholders MMC Ventures and True Capital. As part of the transaction, TyresOnTheDrive.com and Halfords signed an operating agreement to collaborate on initiatives to enhance services and products. TyresOnTheDrive.com is a Holmes Chapel, UK-based mobile tyre-fitting service that lets customers buy tyres online or via mobile and have them fitted at a location of their choice by trained technicians. Established in 2011 by Dominic Clark (Managing Director) and Ric Clarke (CTO), the company currently covers the North West and the West Midlands. It employs over 40 staff and operates a fleet of 21 vehicles. TyresOnTheDrive.com raised £1.5m in venture capital funding and intends to use the funds to expand its fleet of tyre-fitting vans and technicians across the UK. The company plans to expand its operations into Yorkshire and across the South and London in the next months. Tyres on the Drive operates an online mobile tyre-fitting service allowing customers to book and have tyres fitted at their chosen location. The company is based in Holmes Chapel and currently covers the North West and parts of the West Midlands. It was set up 18 months earlier by Dominic Clark, the managing director and a former senior manager with Michelin. The business employs 18 staff and operates a fleet of 12 vans. The company raised £640k in funding and will use the capital to expand coverage into Yorkshire and the Midlands with new depots in Wakefield and Birmingham. Prior to this round it had raised £340k from The North West Fund for Venture Capital (managed by Enterprise Ventures) and additional funding from Clark. Tyres on the Drive provides an online booking service that dispatches a mechanic to fit tyres on customers' driveways. The company was established in May 2011 by Dominic Clark, a former senior manager with Michelin. It is based in Holmes Chapel, Cheshire, and already trades across Cheshire, Wirral and Greater Manchester. The service lets customers enter their car registration on the website and book a convenient time for fitting. The company has agreements in place with all the major tyre suppliers. It intends to use the recent funding to expand into new geographic markets.

Total raised

$14M

Funding rounds

4

Latest round

Equity

Latest activity

Jan 2017