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Status: Funded

Jun 10th 2021 - Jul 10th 2021

ENSO is developing a new generation of cleaner, sustainable tyres and plans to disrupt the £200 billion global tyre market. It argues that conventional tyres are largely made of fossil fuels and contribute up to 28%+ of all primary ocean microplastics upon wearing down. It further points out that the increased weight and torque of electric vehicles wears tyres even faster, emitting more pollution. ENSO is addressing this crisis by developing sustainable tyres for EVs, to help reduce carbon emissions in line with the UK Government’s 'Net-Zero Strategy'. Its business is built on a direct-to-customer ‘Pay-per-Mile’ model serving EV-carmakers, fleets and private individuals directly. It claims that its latest energy-efficient tyres have achieved ‘A’ energy efficiency ratings by TÜV SÜD in Germany. The company will use the investment to deliver its first commercial tyres to EV-carmakers in 2021, and launch trials via London FreightLab, with Transport for London and DPD, with plans to expand to California by 2022.

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Log in to view amount pledged

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    Convertible
    pre-money valuation

    8.57%
    equity available

    1,099
    investors

    £1,705
    pledge per investor

    10035010
    company number

    Active
    company status

    01/03/2016
    incorporated 8 years

    £10.00
    share price

    Previous Funding rounds
    19 Apr 24 Crowdcube £1,873,760 / 107%

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days to go: Extended investment: Withheld

Log in to view amount pledged

    Log in to view target

    Convertible
    pre-money valuation

    8.57%
    equity available

    1,099
    investors

    £1,705
    pledge per investor

    10035010
    company number

    Active
    company status

    01/03/2016
    incorporated 8 years

    £10.00
    share price

    Previous Funding rounds
    23 Apr 24 Crowdcube £1,873,760 / 107%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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