Transaid has appointed Maddy Matheson, 26, as its new head of fundraising. Matheson joined Transaid’s fundraising team in 2021, most recently serving as communications and corporate partnerships manager, where she was responsible for assisting the development and delivery of fundraising strategy.
Automotive charity BEN has launched the next challenge in its Benathlon series. “Throughout March, we’re challenging our automotive family to complete 100 miles and raise £100 for Ben! Are you up to the challenge?” The charity is challenging auto industry workers to lend their support by signing up to the ongoing exercise-based challenge.
JK Tyre & Industries Limited has successfully concluded a 5-billion-rupee (£47.474 million; 55 million euros; US$60.125 million) Qualified Institutional Placement (QIP). The QIP was priced at 345 rupees per share (including a premium of 343 per share with face value of 2 rupees per share). According JK Tyre, the QIP received an “overwhelming response” from “marquee investors including Indian mutual funds, insurance companies and foreign institutional investors”.
India’s JK Tyre & Industries Limited has successfully concluded its fund-raising plans of Rs 5 billion (£47.2 million) by way of Qualified Institutional Placement (QIP). The tyre maker will utilise funds gained through the QIP for capital expenditure projects and to strengthen its balance sheet.
Despite the impact that pandemic restrictions have placed on face-to-face fundraising, over the last year Kwik Fit raised more than £300,000 for its charity partner Prostate Cancer UK. With Covid-19 restricting the options for fundraising, the programme has placed a greater focus on online activity and staff participating in virtual and individual events. These included a team of employees from the company’s Fleet and Mobile division completing a “round the world” trip – walking, running and cycling a total of 25,734 miles and raising over £18,000.
RoboTire, a Detroit-based automotive robotics and automation startup closed a US$7.5 million investment round in October. RoboTire’s patented system uses robots to change tyres “in a fraction of the time human operators can” purportedly reducing “multiple-hour experiences to under 15 minutes”. The Series A investment round was led by The Reinalt-Thomas Corporation, which sells tyres through 1000+ branches trading under the Discount Tire and America’s Tire brands in the USA. Automotive Ventures, Detroit Venture Partners, 640 Oxford Ventures and several angel investors participated in the funding round.
Following the news that it is raising money to fund the cash part of its takeover of Cooper Tire, The Goodyear Tire & Rubber Company announced that it has priced its private offering to eligible purchasers of $850 million aggregate principal amount of senior notes due 2029 and $600 million aggregate principal amount of senior notes due 2031.
A bell that has helped saved many lives in South Wales over the years is being taken on a national tour with the aim of saving many more in the future. The station bell from Cardiff Central Fire and Rescue Station has previously been used to alert firefighters to emergencies and has since been replaced by an electronic system. However, the hand-rung bell was retained for ceremonial purposes.
Exol has been celebrating the recent fundraising achievements of Plevin, one of the UK’s leading wood processing and recycling companies, which has raised over £1,000 in aid of Cancer Research UK by participating in two tough charity challenges.
Not too long ago, Harvey Brodsky shared that he was cutting back his engagements with the Retread Tire Association for health reasons. The US-based association now reports that Brodsky’s cancer has advanced further, and it has launched a personal GoFundMe Campaign to help with the significant medical expenses involved.
Exol Lubricants has raised more than £225 for The Brain Tumour Charity as part of its continued 2016 fundraising initiatives. The supplier is continuing to support its employees’ healthy living fundraising activity with members of staff announcing their intentions to live healthier lifestyles while supporting various charities.
ATS Euromaster has smashed the fundraising targets set for its 50th anniversary year by collecting more than £57,000 for Macmillan Cancer Support. The tyre and vehicle maintenance retail network pledged to raise £50,000 for the charity but beat its target thanks to what it describes as “a variety of quirky fundraising initiatives led by team members at every level of the business.”
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