Skip to content

WheelRight

Sector:
Engineering
Invested in:
Calculus EIS, Calculus VCT

WheelRight is a world leader in the development of drive-through tyre management systems. The Company’s patented technology is suitable for any vehicle type, capable of recording tyre pressure, tread depth, weigh-in-motion data, and providing imagery for tyre defects and side wall data in real time as the vehicle passes over the system.

Since Calculus’ first investment in 2014, significant development has been made to the Company’s product. Improvements to both the Company’s hardware and software have improved the accuracy of the system and, crucially, enabling the measurement of tread depth in addition to tyre pressure. The Company has made strong progress showcasing the commercial viability of its technology across a diverse customer base including tyre manufacturers, fleet owners, Government Agencies and petrol forecourt owners.

Commercial sales have accelerated considerably. In 2019, there have been 20 units ordered, the largest of which were from Hong Kong based Kowloon Motor Bus Company and Snider Tire Inc (Snider), a private US, tyre service and fleet solutions.

Rationale

Calculus was attracted to WheelRight’s strong management team, leading technology and significant market opportunity. WheelRight’s systems are uniquely placed to monetise increasingly valuable automotive data, in addition to enabling substantial cost savings to commercial fleet owners and fleet management businesses.

 

Latest News

WheelRight retains top 20 position in IP100 Club

In a significantly larger field of entrants for 2017, WheelRight has retained its top 20 position in the IP100 league, coming in at 11th overall. The IP League is an annual ranking of businesses which are considered to be the most effective at commercialising their IP assets. The league, which was created by Metis Partners, ‘profiles … Continued

WheelRight tyre monitoring adopted by US ‘highway of the future’

Oxford-based WheelRight’s tyre monitoring technology is being used as part of a US ‘highway of the future’ project. 21 December 2016, Transport Engineer. The live project covers an 18-mile stretch – dubbed ‘The Ray’ – on interstate 85 from Georgia to Alabama, and aims to demonstrate how US interstates can eliminate deaths, waste and carbon. … Continued

WheelRight named in BVCA Hot Talent 2014/15

Calculus Capital is pleased to share that WheelRight has been named in the BVCA Hot Talent 2014/15 – a prestigious collection of innovative companies to watch in 2014/15. The report promotes venture capital and its role in supporting and funding cutting-edge technologies and growth businesses. “This book is a gallery of some of the best and brightest, and underlines … Continued

Calculus Capital invests in WheelRight

Private equity fund manager Calculus Capital invests £2.5m in WheelRight Ltd, a tyre monitoring company. WheelRight develops and sells advanced remote tyre monitoring equipment, which accurately measures the pressure within a vehicle’s tyres when the vehicle is driven over a sensor plate. This system, which is effective regardless of vehicle or tyre type, provides fleet … Continued