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You are here: Home1 / start-up

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Continental invests in industrial sensing start-up Feelit

Company News

Continental has acquired a minority stake in Israel-based start-up Feelit Technologies Ltd. The investment took place as part of a round of Series A Funding valued at US$7 million, however, the exact amount of Continental’s holding hasn’t been disclosed. Continental anticipates that this new relationship with Feelit will benefit several business areas.

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  1. Continental acquires minority stake in AI vision specialist Recogni
  2. Setback In Negotiations Between Carlyle And Continental
  3. Conti Acquires Serbian Conveyor Belt Manufacturer
  4. Duensing to succeed Wente as ContiTech boss
13th July 2021/by Stephen

Blue Ocean Awards: Michelin recognises mobility innovation

Company News

The Blue Ocean Awards, inspired by the Blue Ocean Strategy – the simultaneous pursuit of differentiation and low cost to open up a new market space and create new demand – took place yesterday. Michelin is the event’s major sponsor as well as sponsor for an awards category. Michelin presented its International Mobility Award to Tarmac Technologies and SUN Mobility, two start-ups that are contributing to the development of mobility.

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Related news:

  1. Translogik supplies tyre inspection tools for new 'communicating' tyres
  2. Michelin recognises outstanding suppliers
  3. Michelin honours 5 partners at Supplier Awards
  4. Michelin named ‘Tire Manufacturer of the Year’ at Tire Technology International Awards
12th May 2021/by Stephen

Nexen Tire supporting mobility start-ups with capital initiative

Company News

Nexen Tire has established Next Century Ventures (NCV), a Silicon Valley-based initiative aimed at backing budding mobility start-ups. Jin Mann Lee, chief strategy officer at Nexen Tire, will double as the managing partner at Next Century Ventures.

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Related news:

  1. Nexen Tire continues ‘successful’ Manchester City FC sponsorship
  2. Nexen Tire opens central R&D facility
  3. Nexen Tire back with Man City for 2019/20
  4. Nexen Tire inaugurates European plant
20th March 2021/by Stephen

Continental acquires minority stake in AI vision specialist Recogni

Company News

Continental is further expanding its non-tyre activities through the acquisition of a minority stake in German-US start-up Recogni. The investment took place as part of the US$48.9 million Series B financing round announced by Recogni on 17 February. Both companies have agreed not to disclose the amount of the holding.

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Related news:

  1. Conti Places Billion Euro Bond
  2. 1.25 Billion Conti Eurobond Placed
  3. A-Z investment to give Continental added tyre mould options
  4. Continental, Oxford University begin study into artificial intelligence
23rd February 2021/by Stephen

Startup Challenge joining Movin’On summit

Company News, International News

For its second edition, the Movin’On sustainability mobility summit will include a global Startup Challenge. Finalists in the Startup Challenge – up to 50 startups in total – will showcase their technologies between 30 May and 1 June, demonstrating how they can impact the future of sustainable mobility.

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Related news:

  1. Michelin announces further Movin’On speakers
  2. Movin’On Summit cancelled
  3. Movin’On: First speakers for 2018 summit announced
  4. Movin’On programme, full speaker list announced
5th April 2018/by Stephen

Hella recognised by leading innovation platform, Plug and Play

Company News

Innovation platform Plug and Play, the world’s largest start-up accelerator, has presented Hella with its Corporate Innovation Award 2017 in the Mobility category. The award recognises the automotive supplier’s commitment. Plug and Play aims to promote exchange among established industrial companies, investors and mentors, as well as agile start-up companies. Hella’s focus areas include questions regarding digitalisation, autonomous driving and electric mobility.

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Related news:

  1. First Line Groupauto award follows HSBC International ranking success
  2. Bridgestone gains RobecoSAM sustainability award
  3. Hankook gains Renault CSR award
  4. Hankook an IDEA award finalist
8th March 2018/by Andrew

Tyre distributor invests in sensor start-up

International News, Product News

Dealer Tire, a US replacement tyres and parts distributor for automotive dealerships, has announced it is the leading investor in financing Duke University startup Tyrata, a tyre sensor and data management company.

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  1. ExxonMobil begins Shanghai centre construction
  2. Jiangsu General Technology establishes US tyremaking subsidiary
  3. Dealer Tire invests in SimpleTire
  4. Linglong building R&D centre in Jinan, China
26th February 2018/by Chris

Michelin funds support campervan rental site

Company News

Michelin has invested in the motorhome rental start-up Campanda, which was founded in Germany in 2013 and offers campervan hire to British holidaymakers through the campanda.co.uk portal. Through its Michelin Travel Partner subsidiary, the tyre maker is the primary investor in a second round of funding that also saw existing Campanda investors increase their financial involvement.

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Related news:

  1. Michelin launches new corporate site, media portals
  2. Michelin evolves agricultural digital strategy, aims to establish innovative partnerships
  3. Rollout of Michelin’s global consumer tyre platform commences
  4. Relaunch for Michelin Auto Professional portal
13th January 2017/by Tyrepress Editors

Michelin seeking solutions beyond tyres in business incubator scheme

International News

Michelin is working with Indian Angel Network (IAN), a New Delhi-based organisation that brings together entrepreneurs and start-up/early stage ventures, in a joint initiative to assist entrepreneurs in creating innovative mobility solutions for a more efficient delivery of produce from farm to market. The initiative, named Farm to Market Logistics (F2ML), is an incubator managed by IAN and supported by Michelin. It seeks ideas that will reduce waste in the food supply chain through new practices, behaviours and solutions.

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  1. ECI International launches Tyrexpo India
  2. Michelin Apollo Unveils New Commercial Tyre
  3. Pirelli Tops South African Tyre Survey
  4. Pirelli clarifies position on Mercedes test, new 2013 tyres
4th April 2014/by Tyrepress Editors

Reifen show floorspace up 20% for 2012

News

Organiser of the international ‘Reifen’ tyre show, Messe Essen GmbH, reports the area rented out for next year’s show is 20 per cent larger than last time round. Reifen 2012 will be held between June 5 and 8, 2012 (not in July, as reported elsewhere) in Essen, Germany, and the organiser states that next year’s show will place a greater focus upon ecological and tyre disposal issues. The German government will also subsidise the exhibition costs of start-up German firms wishing to present their credentials at the show; Messe Essen states that eligible companies can take advantage of specially designated ‘community booths’ at an up to 80 per cent reduced rate. Companies wishing to exhibit at Reifen 2012 have until October 1, 2011 to register.

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Related news:

  1. Retread Tire Association to exhibit at Reifen 2012
  2. Kraiburg aims to promote its retreading 'universe' at Reifen 2012
  3. Momo tyre range to debut in Essen
  4. Spring 2013 debut for AA-labelled Kumho range
5th May 2011/by Tyrepress Editors

CDP Group Joins Italian Wholesale Elite in Under 3 Years

News

Italian tyre wholesaler operation CDP Group Spa has grown from a start-up to being a top 10 tyre wholesaler in the country in less than three years. Founded at the beginning of 2008 the company reports that it took just two and a half years to get into sixth place in the Italian tyre wholesale rankings and – with full year 2009 turnover totalling 28 million euros – there is every sign that the growth will continue.

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Related news:

  1. Micheldever Opens Middlesex Logistics Centre
  2. Grouptyre membership “key” in B.A.B. Distribution expansion
  3. With sales and profits up, Bond plans UK and international expansion
  4. JK appoints new chairman, discusses expansion plans
29th September 2010/by Tyrepress Editors

SpongeBob Points British Motorists in the Right Direction

News

When negotiating the busy roads of an unfamiliar city, an authoritative and trustworthy voice is needed to help guide you to your chosen destination. Well thank goodness then that TomTom has released the voice of SpongeBob SquarePants for use in its devices. The ocean’s wittiest Porifera and his chums will soothe jangled rush hour nerves with their ongoing commentary, delivering such comments as, “hey, I don’t have a license to drive. So is it illegal when I drive Mr.Krabscrazy?” and “Exit ahead. Hey, we’re cruisin’ in a car! I’ve only cruised in a boat before!”

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Related news:

  1. Bridgestone India Safety Campaign Backed by Web Game
  2. New Michelin site puts the spotlight on tyre dealers
  3. IAM launches winter driving campaign
  4. Report raises safety fears on UK road markings
18th June 2010/by Tyrepress Editors

Pirelli UK Hoping to Resume Carlisle Operations on January 9

Product News

According to The Cumberland News, workers at Pirelli’s Carlisle plant will find out on January 9 whether they are able to return to work following the equipment failure that has delayed operations following the factory’s planned Christmas shutdown period. Although workers were scheduled to return on January 8, plant management informed them that the factory had not yet returned to a fully operational state.

“’During the start-up process after the shutdown period, leaks in the high pressure steam system were detected,” Pirelli said in a statement. “These require immediate repair, therefore there will be a delay in the timing of the start-up of the Carlisle factory planned for January 8.”

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Related news:

  1. Wolfgang Meier to Leave Pirelli UK
  2. Pirelli Shuts Burton Plant too
  3. Pirelli Carlisle Returns to Contractual Hours
  4. Pirelli Carlisle Factory to Close for a Week
9th January 2009/by Tyrepress Editors

New Business Stagnating in Staffordshire Despite Michelin Efforts

Product News

A £1 million funding carrot has failed to lure start-up businesses to North Staffordshire. Stoke-on-Trent based Michelin, backing the project through its Michelin Development initiative, has expressed disappointment at the indifferent response.

Since launching the North Staffordshire business challenge in mid-July only a handful of enquiries have trickled into the tyre major’s Stoke offices, and no new loan approvals have been granted. Michelin threw down the funding gauntlet after figures revealed the Staffordshire region was one of the country’s worst performing areas for new business development and start-ups, with no loans approved or jobs created through the scheme at all during 2008.

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Related news:

  1. Michelin Transfers Formula 1 Boss
  2. Michelin to Make $80 Million Investment in Plants
  3. Michelin Trims Labour Cost/Sales Ratio in 2007
  4. Up to 3,500 Michelin France Jobs to Go by 2011
21st August 2008/by Tyrepress Editors

CP7220H and CP7250H – Get a grip!

Product News

Chicago Pneumatic has launched two new handle sanders. The CP7220H and CP7250H series handle sanders combine power, comfort and greater productivity with low noise and low vibration. The power of the new sanders is delivered by a 0.3hp oil-free motor, the most powerful in its class. Given that the sander is a very lightweight, at only 0.9kg, the impressive power-to-weight ratio means minimal operator fatigue and greater productivity.

The adjustable speed regulator (from 0 to 12 000 rpm) provides the operator with a wide range of speed options depending on the application. Other benefits include a special speed control lever, with air shut off when in the closed position, which reduces the risk of accidental start-up and the special oversized hub bearing with dust seal promotes a long service life.

Read more

Related news:

  1. New Touring Tyre from Michelin North America
  2. Fulda Tops Tyre Tests
  3. Conti Previews Upcoming New Braking System
  4. From Motocross the Pond
3rd September 2007/by Tyrepress Editors
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