What is WheelRight?
WheelRight, based in the UK on an Oxford University technology park, is dedicated to researching, developing, and commercializing technologies for the automated inspection of tires on vehicles while they are in motion. The company's web-based cloud system prioritizes ease of use, accuracy, and simplicity. Its integrated cloud technology operates 24/7 in bus and HGV depots across the UK for various customers, having undergone extensive testing by Highways England.
How much funding has WheelRight raised?
WheelRight has raised a total of $4.2M across 1 funding round:
Unspecified
$4.2M
Unspecified (2014): $4.2M with participation from Calculus Capital
Key Investors in WheelRight
Calculus Capital
Calculus Capital is a London-based investment manager specializing in tax-efficient growth capital for UK smaller companies, with a focus on high-growth technology businesses.
What's next for WheelRight?
The recent major strategic investment signifies a pivotal moment for WheelRight, likely enabling the company to scale its operations and further refine its automated tire inspection solutions. This capital infusion is expected to accelerate market penetration and technological advancement, positioning WheelRight for significant growth in the fleet management and vehicle safety sectors. The company's focus on a cloud-based system suggests a strategy geared towards widespread adoption and continuous improvement through data analytics.
See full WheelRight company page
