Tyred Raises £2.5 million to build an AI-powered ownership platform for cycling

London, 16 July 2026 – British mobility tech startup Tyred has raised £2.5 million to make bike ownership simpler, smarter and more reliable for riders and fleet operators in the UK and across Europe.

To do this, Tyred is building a connected ownership platform for cycling, bringing together maintenance, repairs, insurance, warranty management and finance into a single digital experience.

Cycling has become an increasingly important part of urban transport but unlike for cars the ownership experience remains fragmented, with riders often relying on disconnected providers for servicing, insurance and repairs. Tyred aims to solve that issue through an all-in-one platform that stays with riders and their bikes throughout the lifetime of ownership. This service will be supported by proprietary IoT devices embedded within bikes and collecting real-time performance data that powers predictive AI models. The technology enables wear-and-tear monitoring, proactive maintenance and richer insights that could ultimately reduce insurance costs and improve reliability for riders.

Tyred has already established one of London's largest specialist bike maintenance operations, servicing more than 100,000 bikes over the past year. Among its customers is shared mobility operator Lime, for which Tyred provides maintenance and battery-swapping services across a fleet of around 50,000 bikes in London.

The new investment will accelerate product development, support expansion across the UK and lay the foundations for European growth as Tyred scales its platform for both consumers and commercial fleet operators.

Raw Ventures has led the round together with Ada Ventures, alongside a group of angel investors.