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WheelRight

Sector:
Engineering
Invested in:
Calculus EISs, 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

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Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

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I have read and understood this important information

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information