Vaculug has appointed three people to new roles within its senior management team. Over the last few months, Vaculug reports that it has embarked on a strategic project to enhance its management structure, aiming to “drive sustainable growth while prioritising employee development”. These moves focused on “refining organisational structure and succession planning”. The following appointments are the result.
Vaculug Ventures reports that it is investing in e-scooter maker Pure Electric at “a pre-money valuation of £37.5 million”. Pure Electric is reportedly “on a mission to revolutionize urban mobility by reducing pollution and congestion with its award-winning e-scooters”. With a partnership with McLaren and patented technology, Pure Electric purportedly holds a premium position in the fast-growing market.
Vaculug Ventures has announced that it is investing in pyrolysis firm Heru Technologies’s £1.8 million financing round as part of its ongoing “Sustainable Thinking” campaign. The investment highlights “Vaculug Ventures’ dedication to advancing sustainability and innovation”, according to the company.
From Mount Olympus to Grantham: Tyre retreader and fleet management solutions provider Vaculug has presented Zeus, a production system it has developed entirely in-house over a period of three years. This new system integrates state-of-the-art artificial intelligence (AI) technologies and for Vaculug “marks a significant leap forward” in the company’s operational capabilities, while setting “new standards for the industry.”
Vaculug chairman Haarjeev Singh Kandhari has been appointed to the board of the BTMA, with Vaculug representatives noting that Kandhari is the is the first Sikh to join the BTMA board.
Vaculug has promoted Kelly Stevens to the role of head of fleet operations. Stevens has been a key member of the Vaculug team for nearly four years following a combined total of 15 years at Tructyre and ATS Euromaster.
Vaculug reports that the company welcomed Fred Sherwood Group back in December 2023 after the two parties reached a long-term agreement for fleet management services and tyre supply.
Vaculug has introduced an electric waste vehicle-orientated tread compound integrated with its Protekt System. This compound is being developed at Vaculug’s R&D facilities in Grantham and with their partner Vipal’s R&D team in Brazil.
Vaculug has been voted the 4th best Manufacturing Company to Work for in the UK by Best Companies. The latest news joins a growing list of accreditations, including the acknowledgment of Vaculug as one of the top 75 Best Mid-Sized Companies to Work for in the UK by Best Companies.
Vaculug, Europe’s largest independent retreader, joined the Tyre Recovery Association (TRA) as a full member back in September, according to the Autumn/Winter TRA newsletter, which was published at the end of November.
Vaculug is using lignin as a protective agent in its compounds. The company described the integration of the sustainable material into its production process as an “innovative approach” that “marks a significant milestone in the quest for eco-friendly solutions in the tyre industry”.
Vaculug has a launched a new website, “designed to revolutionize the online tyre shopping experience”. The new website is designed to provide “a comprehensive resource for tyre information and purchases”.
Vaculug’s second Sustainable Thinking Fleet Forum of the year is officially sold out. Vaculug representative report that they are “excited to be hosting this exclusive event, as it demonstrates their commitment to promoting sustainability and driving positive change within the tyre industry and fleet management sector”.
Vaculug has raised financing from Queens Road Capital in what the company describes as a world-first Sustainability Linked Financing Package (SLFP) for any retreading company. Vaculug will use these proceeds to fund its significant expansion and growth.
Craig Rudkin has been promoted to the position of national accounts director at Vaculug. Rudkin has been part of Vaculug for 31 years and has experience in many aspects of the business. According to the company, this appointment comes at a time when Vaculug is experiencing “major growth and making investments in strengthening the…team ready for another successful year.”
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Anna Nekrashevich