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.
When Zenises Group chairman Harjeev Kandhari bought Lincolnshire-based retreader Vaculug in July 2018, some questioned the logic of buying a British manufacturing business while the country was on the brink of Brexit. However, shortly afterwards he told Tyres & Accessories that the circumstances only added to the opportunity and that he had plans to invest in the business via its staff, products and production lines. 18 months on, before the Coronavirus outbreak, T&A asked Kandhari how the transition has progressed and what the company is doing to celebrate its 10th anniversary. In short, the Vaculug transition is said to be going “absolutely wonderfully”, with a new MD appointed from within the ranks of Zenises, a number of other new personnel as well as new products and a developing van tyre business.
With SUV tyre market share continuing to grow, and with SUVs providing the driving comfort of a saloon, but with an exterior shape reminiscent of when 4×4 meant ‘off-road’, Zenises reports that it has crafted what it calls an “Urban Proof Sport Utility Vehicle Tyre”. As you can imagine, the Z UP SUV is aimed at everyday driving in the urban environment.
The Zenises Group has appointed Jason Clarke as its new managing director for the British market, as part of the expansion programme on which the company has embarked. With a broad experience of more than 22 years in the tyre industry, the new Zenises manager for the United Kingdom will be a great asset to help meet the Group’s growth goals.
Retreader and tyre management provider Vacu-Lug, which has today been acquired by Zenises, was visited by its local MP Nick Boles. The member for for Grantham and Stamford spent his time at the company seeing its latest manufacturing developments and learning more about its recently developed VMS Mobile app, designed to provide operators with fingertip access to their fleet’s tyre data whenever and wherever they need it.
As part of the transaction that saw Zenises group purchase Vacu-Lug, Zenises Group has confirmed that it has also made “several large capital commitments in equipment and technology to ensure that Vacu-Lug becomes, over time, the most advanced independent retreader in Europe”.
Zenises has bought Grantham-based Vacu-Lug. The acquisition means Vacu-Lug remains the only significantly sized independent retreader in the UK. With an annual truck tyre retread capacity of 120,000, Zenises representatives described the firm as the largest independent retreader in Europe.
It’s called the Vantastic, it’s a new tyre from Zenises and as you’ve probably guessed, it is designed with light commercial vehicles in mind. Initially available in seven dimensions for 15- and 16-inch rim diameters, the Z Tyre Vantastic is designed in and for Europe. Zenises says the tyre delivers “safety and mileage” as well as “good handling characteristics on the motorway.”
Introduced at Tire Technology Expo in February, the Zenises Group’s Cartyzen tyre subscription service will gain further exposure at The Tire Cologne next month through its presentation by Harjeev Kandhari, chief executive officer of Zenises.
Harjeev Kandhari, CEO of the Zenises Group, has been named this year’s winner of the INSEAD Alumni Emerging Entrepreneur Award. Harjeev was selected by an independent panel of judges out of an Alumni body of over 50,000 people.
As sports utility (SUV) and crossover (CUV) vehicle growth continues to outpace that of the traditional family car, the demand for high quality tyres for these latest SUV/CUV models also increases. The typical 4×4 vehicle attempts to combine ride comfort and good on and off-road handling. But most modern SUVs are overwhelmingly used for journeys on road tarmac.
Zenises’s new tyre subscription business, Cartyzen, has been introduced by the company’s CEO, Harjeev Kandhari, at Tire Technology Expo in Hannover, Germany. The company plans to launch a full service business in Spain, making it the first country in the world to have a full-scale tyre subscription service, following a trial of the model in Germany.
Harjeev Kandhari, CEO of the Zenises Group, has announced that Zenises is going to accept Bitcoin for all its transactions both off line and online. The company is believed to be the first tyre firm in the world to do so. Zenises reports that it has been working to develop the technology at its newly launched technology centre in Madrid and working with several experts in the Blockchain world.
Zenises has appointed Jag Ram, the former acting pillar CTO of Ping An Bank, to its Technology Advisory Board. He will support the development of the new Technology Centre developed by Zenises in Madrid.
A new, four-storey technology centre has been set up to aid Zenises keep apace of online, social media and communication trends and to help it adjust business to new opportunities. The company has already appointed a division general manager and vice-president of technology, and is now in the process of expanding the workforce at the Technology Centre. Zenises aims for a total headcount of up to 40 in the Madrid facility.
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