Popular Bollywood actor Suniel Shetty has recently made an investment in Regrip, a startup based in Gurugram that focuses on recycling and re-engineering old/used tires. During an announcement event, Shetty expressed his excitement about joining Regrip and highlighted the importance of recycling and reducing waste to create a greener future.
Suniel Shetty has been actively investing in startups and has already invested in six ventures. Earlier this month, he invested in the DIY healthcare venture ‘The Biohacker.’ He has also invested in Klassroom Edutech, a blockchain-based NFT marketplace called Colexion, and Vieroots Wellness Solutions Pvt Ltd (VWS), a HealthTech company.
Mahavir Pratap Sharma, the first investor in Regrip, praised the startup’s focus on refurbished tires as a “win-win solution” for his investment. Regrip, founded in 2021 by Tushar Suhalka, specializes in producing re-engineered tires that offer high performance as an affordable alternative to new tires for dummy and drive axles in heavy commercial vehicles.
The startup aims to help fleet owners save money on tire consumption by providing them with reliable, sustainable, and cost-effective re-engineered tires. Regrip refurbishes old and used tires using a cold process retreading technique, transforming them into reusable tires that come with an unconditional warranty and are sold at half the cost of new tires.