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eNews – reTyre Secures 7 Million Euros Funding and Partnership with Vittoria

May 3, 2026 - Norwegian deep-tech company reTyre has successfully closed a €7 million investment round, led by Hatch Blue’s Blue Revolution Fund, with partici- pation from Fundracer and existing investors, marking a significant step toward reshaping the global bicycle tire industry.

Norwegian deep-tech company reTyre founders (l-r) Alexander Gjørven (CAO), Paul Magne Amundsen (CEO), Sibgjørn Andenes (CTO). ©

After more than a decade of R&D, award-winning reTyre has developed a patented injection-moulding tech- nology that fundamentally changes how bicycle tires are produced. The process reduces CO2 emissions by 80%, allows for 100% recyclability, is dust-free and is fully automated. This breakthrough enables decentralized, clean tire production close to OEM assembly lines — dramatically cutting transport emissions and costs.

In addition, reTyre and Vittoria, a world leader in high-performance bicycle tires, have signed a Strategic Collaboration Agreement to co-develop and bring to market a new generation of performance tires using reTyre’s proprietary injection-moulding technology.

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