ENSO, a B-Corporation certified tyre company, is seeking up to £15 million in Series A funding to advance the introduction of its energy-efficient, low particulate matter (PM) emission tyres, specifically designed for electric vehicles (EVs).
Based in London, ENSO has already secured £5 million in funding from over 1,200 British investors, the largest being the UK Government via the UK Future Fund, supported by the UK Treasury and British Business Bank.
ENSO is working with leading EV carmakers and large EV fleets, including a partnership with the Mayor of London, Transport for London, DPD and Royal Mail, on large-scale trials of its range-extending, low-emission tyres for last-mile delivery. The company will soon launching its London Hub, to equip its range-extending EV tyres on the iconic London electric taxi, rolling-out to both EV fleets and individual owners. ENSO will also expand its operations into California with local partners later this year.
With this Series A funding during 2022, ENSO is looking to expand its UK and US team, with a focus on R&D, increase its product offering and accelerate its move into further key geographical markets across Europe and the United States.
