Enso Tyres Limited

Product: 
Technology Growth
Status: 
Open
Sector: 
Automotive Technology
Aim of funding: 
Growth
HMRC Advance Assurance received: 
Yes

Enso Tyres Limited

Description: 

Enso Tyres Ltd seeks to specifically address the rapidly growing market for the supply of tyres for electric vehicles (‘EVs’).

Unlike traditional tyres used on petrol and diesel vehicles, EVs require a differing tyre compound and tyre design to address the additional torque generated by their electric engines, as well as seek to reduce rolling resistance and extend distance range of the vehicle on a single charge. Currently, very few tyre companies tailor their tyre products specifically for EVs, equipping vehicles instead with tyres that have been designed for traditional internal combustion powered vehicles. 

Enso Tyres Ltd seeks to disrupt the existing tyre market by introducing new materials and processes within the production of electric vehicle tyres, alongside a new subscription model.  The senior executive team is comprised of experienced tyre specialists and business entrepreneurs bringing together a unique and complimentary skillset, with the intention to develop a new tyre technology designed purely for electric vehicles.

Opportunity: 

Despite its substantial size, the Company perceives traditional tyre manufacturing as unsustainable and causes significant environmental damage whilst posing a potential hazard to public health due to particulate matter generated from tyre degradation. Tyre manufacturers tend to make the bulk of their profits in the aftermarket by selling replacement tyres to drivers, and this constant need for sales frequency incentivises such firms to produce low durability products from the cheapest materials possible. This has created an industry that delivers products with imbedded obsolescence, a business model that arguably wastes huge quantities of natural resources each year by intentionally shortening the useful life of its tyres.

Information on this webpage relates to and is provided by Deepbridge Advisers Limited.

The content of this webpage should not be construed as financial advice. Any decision to invest should be made only on the basis of the relevant documentation for each investment. Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up and investors may not get back the full amount invested. Investments in small unquoted companies carry an above-average level of risk. These investments are highly illiquid and as such, there may not be a readily available market to sell such an investment. Deepbridge Capital LLP, Deepbridge Advisers Limited and Enterprise Partners LLP (together "the Sponsors," or "Sponsor) do not provide specific individual advice on the suitability of investments with regard to a potential investor's individual circumstances, risk tolerance or investment objectives and investors should seek independent financial advice if they are in any doubt whether a product is suitable for them.