London-based mobility tech startup Tyred has raised £2.5 million in new funding to develop its AI-powered bike ownership platform, as investors back efforts to modernise the fragmented aftersales and servicing side of cycling.
The company is building a connected platform that brings together maintenance, repairs, insurance, warranty management and finance into a single digital experience. Tyred says its service is supported by proprietary IoT devices embedded in bikes, which collect real-time performance data to power predictive AI models for wear-and-tear monitoring, proactive maintenance and operational insights.
The round includes backing from Raw Ventures, Ada Ventures and a group of angel investors, including Anton Buzdalin. Tyred said the new capital will be used to accelerate product development, support expansion across the UK and lay the groundwork for growth across Europe.
The company is building a connected platform that brings together maintenance, repairs, insurance, warranty management and finance into a single digital experience. Tyred says its service is supported by proprietary IoT devices embedded in bikes, which collect real-time performance data to power predictive AI models for wear-and-tear monitoring, proactive maintenance and operational insights.
The round includes backing from Raw Ventures, Ada Ventures and a group of angel investors, including Anton Buzdalin. Tyred said the new capital will be used to accelerate product development, support expansion across the UK and lay the groundwork for growth across Europe.