Tag: TREEL

JK Tyre now 26% shareholder in Treel Mobility Solutions

JK Tyre now 26% shareholder in Treel Mobility Solutions

13th August 2019 | 0 Comments

In June and July, J.K. Organisation company JK Credit & Finance acquired 50.003 per cent equity shares in Indian start-up Treel Mobility Solutions Pvt. Ltd. JK Tyre & Industries has now obtained 26 per cent equity in the smart tyre system specialist from its group sibling and rebranded Treel as a ‘JK Tyre Product’. JK Tyre paid Rs 59.8 million for its 26 per cent share in Treel; JK Credit & Finance continues to hold 24.003 per cent in the company.

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JK Tyre and Rivigo partner in TPMS, TaaS project

5th August 2019 | 0 Comments

Indian logistics firm Rivigo has partnered with JK Tyre & Industries Ltd to introduce a patented Tyre Pressure Monitoring System (TPMS) that sends live tyre condition data every few seconds. The Rivigo-originated system – called TREEL - uses algorithms for predictive analysis and features demounting and anti-theft alerts.

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