Dymag

DYMAG ON A ROLL – SECURING FURTHER INVESTMENT 381 119 Dymag Performance Wheels

DYMAG ON A ROLL – SECURING FURTHER INVESTMENT

Existing strategic partner Hankuk Carbon Co., Ltd., a global leader in composites manufacturing, has become Dymag’s latest investor. A further injection of funding and expertise is set to accelerate global mass production of Dymag’s game-changing lightweight automotive wheels. Lighter, stiffer and stronger than a traditional cast alloy wheel, Dymag’s carbon hybrid wheels bring huge advantages to all vehicle sectors, particularly EVs.

This latest investment builds on funding from the UK’s Advanced Manufacturing Supply Chain Initiative (AMSCI) alongside several rounds from Puma Private Equity and the announcement underlines Dymag’s momentum and position as a British manufacturing success story.

Dymag is in advanced stages with multiple global OEMs regarding lightweight wheel supply agreements. More exciting news to follow….

Peter Hickman: Unleashing speed with DYMAG® UP7X wheels 1024 683 Dymag Performance Wheels

Peter Hickman: Unleashing speed with DYMAG® UP7X wheels

Peter Hickman needs no introduction when it comes to Road Racing. The fastest rider to ever lap both the Isle of Man TT, Northwest 200, and Ulster Grand Prix circuits!

After a very successful IOM TT in 2022 with his first Supertwin win on the Paton, Hicky is setting his sights on more success in 2023 but this time on new machinery. 2023 will see Peter racing the Yamaha R7 built in-house at his PHR Performance headquarters. Not only will he compete at the TT but also the Northwest 200 road races. The bike has undergone extensive upgrades and improvements with the very best performance parts being added including the very latest Dymag racing wheels.

Dymag UK has been designing and manufacturing wheels for over 30 years, so to supply “Hicky” with our UP7X wheels for this new project is an ideal partnership. Peter’s feedback can only help strengthen the already well-renowned UK brand. To top the partnership off PHR Performance has also become a retailer of the ever-popular aftermarket Dymag wheels. 

Peter said: 

“Dymag play a key role in the racing world. Their wheels are ultra-light, meaning more performance from the motorcycle and faster changes of direction as well as being stronger than standard wheels, which is a huge benefit especially when racing on the road.

Having the opportunity to run my Supertwin using the UP7X wheels is awesome, and I’m delighted to be associated with Dymag.

Last year I had huge success in the Supertwin races, and I want this year to be no different, although I am under no illusions of just how hard it is going to be. It’s a brand-new bike and nobody has any real experience with it yet in the UK and on the roads. The bike has been built by my PHR Performance Centre and is a new project for us. The team have done a great job, as we only received the bike recently, but the finished bike looks mega, topped off with fantastic-looking wheels!

I’m looking forward to running the bike next week at the NW200 and then onto the IOM TT!”

Dymag’s Strategic partnership with Hankuk Carbon Co Ltd to mass manufacture… 1024 772 Dymag Performance Wheels

Dymag’s Strategic partnership with Hankuk Carbon Co Ltd to mass manufacture…

Dymag is delighted to announce a new strategic partnership with Hankuk Carbon Co Ltd to mass manufacture our state-of-the-art carbon composite wheels for the automotive industry.

 

The collaboration will leverage our brand and experience in manufacturing lightweight carbon composite wheels, together with Hankuk Carbon’s expertise in advanced materials and industrialisation. 

 

The partnership will rapidly scale-up carbon composite wheel production, bringing higher volumes and cost efficiencies for the world’s leading auto OEMs. This technology brings multiple advantages across all sectors, from luxury to high-performance, ICE to BEV, offering weight savings in excess of 50% over a traditional cast alloy wheel, but with far greater strength and durability.

 

Dymag CEO Tom de Lange said: “The strategic partnership between Dymag and Hankuk Carbon will enable a step change in the production and supply of state-of-the-art carbon composite wheels to the world’s leading automotive OEMs, bringing not only significantly higher volumes but also greater cost efficiencies via scalable, localised manufacturing. 

 

“The price-point for these wheels will be appropriate for both luxury and performance-oriented versions of road cars, particularly the growing high-end electric vehicle market, thanks to Dymag’s technology benefits in improving EV range and NVH. For all automotive sectors, the dynamic, durability and aesthetic benefits of carbon composite hybrid wheels will become accessible to a larger number of consumers through OEM programmes.”


Hankuk Carbon Chairman Mr. Moonsoo Cho said: “We share Dymag’s vision for the growth in the global market potential for high performance hybrid carbon composite wheels and our expertise in composite materials and industrialisation will accelerate this. Together, we will bring automotive OEMs an unrivalled technical and commercial offering for future vehicles.

Dymag® Rapid Growth Drives Auto Carbon Rim Scale-Up & Cost Reduction Plans 1024 683 Dymag Performance Wheels

Dymag® Rapid Growth Drives Auto Carbon Rim Scale-Up & Cost Reduction Plans

Record Growth in 2020 – 21

Dymag® has shown record sales growth over the past 5 successive quarters as a result of carbon wheel orders received from niche OEMs and specialist tuners, and from leading aftermarket wheel companies for BX-F™ carbon aftermarket rims. The company is benefiting from the continuous expansion of its BX™ carbon rim range that now covers 18” to 23” with a range of ratings to suit lightweight supercars, heavier BEV and SUV vehicles.

Pebble Beach 2021: Radford P62 Lotus Gold Leaf

Niche OEM and Tuner Projects

During a challenging and uncertain 18 months, Dymag has won over 20 niche OEM wheel projects in the UK and USA and signed long-term supply contracts for BX-F™ carbon rims with 14 aftermarket wheel brands worldwide. Publicly announced wheel projects include the Lanzante McLaren Senna GTR and LM25 programmes, the GuntherWerks Speedster, the Radford P62 Lotus, Smit Brothers, JRM, Naran, Supercar System, with various other projects to be announced in 2021 and 2022.

Pebble Beach 2021 : Guntherwerks Porsche 993 Speedster with forged magnesium – BX-F carbon rim

Aftermarket BX-F Programme Expands

Dymag is now firmly established as the aftermarket carbon hybrid rim supplier to premium USA based wheel performance and luxury wheel brands Forgeline, Brixton, Vorsteiner, 1221, Strasse, MV Forged, RSV Forged and AL13, while Vossen will be launching their carbon wheel programme using Dymag BX-F™ rims in the near future. Meanwhile, in Europe and the Middle East, Dymag has announced partnerships with Rimstock (UK), mbDESIGN (Germany), Dillinger (Spain) and several other niche wheel brands in Switzerland, UK and Latin America which will also be announced shortly.

Dymag® BX-F™ Carbon Aftermarket Partner Brands

Aventador SVJ by AL13
Nowick Concept 8 Corvette C8 by Forgeline

Time to scale up…

Significantly, the company is now seeking to expand its niche OEM business into the major vehicle OEM brands working directly and with several international Tier 1 wheel manufacturers building on its growing reputation for superior technology, quality, design flexibility and modular 18” to 23” carbon rim range.

The strategic opportunity is now for Dymag to build its capacity from the current 4,000 rims per year to over 25,000 rims per year as quickly as possible for delivery in mid-2023 onwards.

Dymag is currently in the process of exploring mass production options and licensing opportunities in the Far East for its internationally patented BX™ technology, to supply both complete wheels and modular carbon rims to USA and Asia Pacific-based vehicle OEMs and Tier 1 wheel companies.

Chris Shelley, Executive Chairman of Dymag said:

“This has been quite a journey in which Dymag has uniquely developed a market leading high quality, durable product for both OEM and aftermarket customers. We have overcome major development and production challenges to become the carbon rim of choice by many aftermarket wheel manufacturers.

We have been developing a partnership opportunity with a carbon composites manufacturer experience of mass production for automotive, sporting goods and industrial products and hope to conclude our partnership agreement in the near future. As the company grows, it is moving into operating profitability, which will mark a unique achievement compared to several of our competitors; making this is a very exciting time for the company.

The company is growing in spite of the current uncertainty the automotive sector faces caused by the pandemic and the unprecedented drive towards CO2 reduction and phasing out of ICE powered vehicles. Demand from OEM and aftermarket segments is growing, with projects coming in from all over the globe.”

BX-F™ carbon rims for OEM and aftermarket
BX-E™ carbon rims for OEM and tuner projects
Find out more about Dymag® BX™ Carbon Rims

Tom de Lange, CEO said today:

“With the product development completed and having demonstrated the ability to meet the full TÜV and OEM test standards, we can now focus on the cost reduction programme and increasing output. We have a significant product cost reduction programme that will transform the affordability of carbon wheels over the coming 12 to 36 months.

We now have the opportunity to scale-up become carbon rim production capacity, as major OEMs accelerate adoption of lightweight carbon composite wheel technologies for their premium vehicle programmes, especially in the battery electric vehicle, sportscar, luxury SUV and light truck markets.

We have really turned the corner moving from R&D focus to full commercialisation. Thanks to our modular rim design and re-usable engineering philosophy, we are able to amortise tooling investment across multiple projects and customers, massively reducing development and product costs and cutting lead-times dramatically.”

Dymag partnership with Norton Motorcycles & Warwick University 1024 683 Dymag Performance Wheels

Dymag partnership with Norton Motorcycles & Warwick University
  • Norton Motorcycles engineers have supported students at WMG, University of Warwick to develop a TT capable electric racing motorcycle, named ‘Frontier’.
  • This includes donating a high performance bike frame and data to students undertaking research into study of electric motorbikes at WMG, University of Warwick.
  • Students adapted the sports bike platform to run a specially developed electric powertrain rated with a power output of 160kW/201bhp and 400Nm torque.
  • Immersion-cooled 16kWh battery pack is the first of its kind for application on a motorcycle, with battery cases manufactured using advanced laser-welding technology to deliver structural integrity and maximise reliability and repeatability.

The group of 13 students at WMG, University of Warwick – made up of cross-functional team from first- to final-year degree students, with the support of some EngD students – are joined by a selection of leading academics, engineers and researchers representing WMG, at the University.

The research team supported by WMG Centre High Value Manufacturing Catapult have developed an electric motorcycle powertrain, using a high performance sports frame as a platform. The motorcycle developed using this frame has been called the Frontier. The electric powertrain designed to work in the Norton frame is rated with a power output of 160kW or 201bhp, and delivering 400Nm of torque from a standing start. The acceleration and speed characteristics of the electric bike in motion roughly translate into a combustion-engine equivalent of around 900cc to 1,000cc.

Light-weighting the bike was critical to the performance and Dymag are proud to be part of this process by providing the wheels and technical expertise and support.

2016 Senior Manx GP winner, Tom Weeden is the development rider for the team with experience both on track and road racing events. Tom has been an integral part throughout the development process.

Dymag Wheels
Supercar Festival 2021 1024 431 Dymag Performance Wheels

Supercar Festival 2021

On the bank holiday weekend just gone past, we were at SuperCar Fest 2021. Located on the Sywell Aerodrome in Northamptonshire, the day was a feast of super machines and fast runs up and down the runway.

We had the pleasure of showcasing our Dymag wheel range to the guests and we also had great company on our stand. We had the guys from Team Classic Suzuki, BAC and JRM Group to name a few.

It was great to be on the road (quite literally!) after the past year everyone has endured. And the sun was shining so it couldn’t have been a better day.

We’re looking forward to the upcoming events of 2021 and we hope to be getting back out even more over the coming months.

 

Dymag Carbon Wheels | Closes Investment
Dymag completes funding round to boost carbon wheel production 850 418 Dymag Performance Wheels

Dymag completes funding round to boost carbon wheel production

Dymag has successfully completed a further funding round led by Puma Private Equity, who have already made a GBP multi-million investment in the British manufacturer of advanced lightweight carbon composite auto wheels.

Dymag has established a leadership position supplying its BX-F carbon rim technology to eminent aftermarket wheel manufacturers including Forgeline, Brixton Forged, Rotiform (part of Wheelpros Inc.), Vorsteiner and 1221 in the USA.  In recent weeks mbDESIGN (Germany) together with several wheel brands in Switzerland, UK and Latin America have also signed supply contracts with Dymag.

The company is supplying and developing products with leading Tier 1 wheel manufacturers for globally recognised leading vehicle brands who will use Dymag’s patented BX-F and BX-E carbon rims for their carbon wheel programmes.

Dymag designs and supplies niche OEM’s and tuners with complete carbon hybrid wheels. Amongst various projects underway are the McLaren Senna GTR by Lanzante, JRM’s GT-23, Naran Automotive, Supercar System, and various other projects due be announced in 2021.

Chris Shelley, Executive Chairman of Dymag. said:

“This has been quite a journey in which Dymag has developed a market-leading high quality, durable product for both OEM and aftermarket customers – a unique achievement.  We have overcome major development and production challenges to become the carbon rim of choice for many aftermarket and Tier 1 wheel manufacturers.  We can now look forward to a period of strong growth under Tom de Lange’s leadership – we are delighted to announce that he has been appointed CEO.””

Despite of the current uncertainty the automotive sector faces caused by the pandemic and the unprecedented change towards carbon neutral technology, demand from OEM and aftermarket segments for Dymag wheels is growing, with projects constantly being notified from clients all over the globe.

Tom de Lange, CEO said today:

“With the robust product foundations we have developed,  the team can now focus on our exciting technology pipeline, with a focus on reducing cost and increasing output.  This should transform the affordability of carbon wheels over the next three years, with significant cost reductions being realised as soon as Q1 2021. Our main challenge will then become capacity, but we believe that our production process is very scalable.”

Industry doyenne Bob Dover, former Chair and CEO of Jaguar Cars and Land Rover is retiring as Chairman, handing over to founder Chris Shelley, but will remain a Non-Executive Director and adviser to the Board.  Tom de Lange has been promoted to the position of Dymag Group CEO.  Tom joined Dymag in 2019 and brought a strong motorsport background from years spent in senior technical roles in IndyCar, NASCAR and F1 and as a senior R&D leader with Dyson. He has brought strong focus to product development and operational excellence.

About Dymag:

Founded in the early 1970s, Dymag quickly moved to the pinnacle of wheel technology, developing diecast magnesium wheels for Formula One and inventing the world’s first three spoke magnesium motorcycle racing wheels. Dymag’s rich heritage on four and two wheels ranges from Formula 1, IndyCar, Rally/RAID, Moto GP, Superbikes, Isle of Man TT champions and race winners driving and riding to victory on “Dymags”, as well as many production Supercar manufacturers.

Building on its success, Dymag expanded into manufacturing Forged Magnesium wheels, Forged Aluminium wheels and finally developed lightweight Carbon Composite motorcycle and auto wheels with an equally enthusiastic response from bike and auto owners around the world.

The company was re-launched in 2011 after Executive Chairman Chris Shelley and other key former employees took control of Dymag. Very soon after it was successfully involved in re-entering the motorcycle racing and aftermarket, supplying the winning BMW S1000RR ridden by Michael Dunlop in the 2014 Isle of Man TT, and leading British Superbike Teams, a victory repeated in 2016, and again in 2017 this time on the new Suzuki GSXR. In 2019 Dean Harrison won the Isle of Man Senior supported by Dymag.

2018 also saw Dymag support Leon Haslam and the Bournemouth Kawasaki team as they won the BSB championship, as well as official wheel provider to Kramer as it won the GP2 title in its debut season.

In 2017 Dymag launched is first carbon hybrid auto wheel on the BAC Mono and has subsequently supplied a range of niche OEMs, tuners and aftermarket wheel manufacturers with its patented BX-E and BX-F carbon rims.

About Puma Private Equity

Puma Private Equity provides growth capital to small and medium-sized businesses across the UK, delivering investments from £2 million to £10 million and partnering with management teams to accelerate growth and help businesses achieve their potential.

For further information please contact:

Chris Shelley, Executive Chairman
Email: chris.shelley@dymag.com

Tom de Lange, Chief Executive Officer
Email: tom.delange@dymag.com

Dymag Carbon Wheels | COVID 19 Still Open
COVID-19 Update – Dymag Remains Operational 850 637 Dymag Performance Wheels

COVID-19 Update – Dymag Remains Operational

The Coronavirus has affected all of us worldwide.

DYMAG is following UK government advice and direction on maintaining operations.

While many of our office staff are working from home, our loyal and devoted workforce is continuing to work.  We are fortunate to have a large footprint that allows our employees to maintain safe working distances and conduct their work safely and efficiently.

In the event that government directs or advises otherwise – or our supply chain breaks down – we will continue to produce all our products to the top quality and promised deliveries.

We will update all our customers if the situation changes adversely.

Please rest assured that the safety of our employees and customers is our no.1 priority.

Keep safe everyone!

Chris Shelley
Executive Chairman, Dymag Group

Forgeline and Dymag selected by SSC as the wheel of choice for world’s fastest production vehicle 1024 640 Dymag Performance Wheels

Forgeline and Dymag selected by SSC as the wheel of choice for world’s fastest production vehicle

Oct 20, 2020, Dayton, OH  –  Forgeline and Dymag, co-developed wheel of choice for the world’s “Fastest Production Vehicle”, the SSC Tuatara, with a top speed recorded of 331mph.

The morning of Saturday, October 10, the team at SSC North America, along with acclaimed international racing driver, Oliver Webb, took the Tuatara down a seven-mile stretch of State Route 160 outside of Las Vegas, near Pahrump for their record attempt. The result was a new world record of 331 mph peak speed and recorded vehicle average 316.11 mph (508.73 km/h) during two high-speed consecutive runs in opposite directions.

From the Tuatara’s extremely low drag coefficient of 0.279 to the staggering power output of 1,750 horsepower, the engineering approach of SSC North America was focused and methodical. “We came pretty close to meeting the theoretical numbers, which is astonishing to do in a real world setting on a public road. America’s new claim to victory in the ‘land-based space race’ is going to be tough to beat”, said Jerod Shelby, CEO of SSC.

For the Tuatara’s wheels, SSC again turned to Forgeline Motorsports to supply their Carbon+Forged series wheels. Forgeline Motorsports, in partnership with renowned carbon wheel manufacturer, Dymag, were tasked to deliver on this extremely important dynamic and aesthetic effort. Based on Forgeline’s CF201 wheels, they utilize a 6061-T6 forged, proprietary alloy center, coupled with Dymag’s patented carbon fiber barrels engineered to offer the rigidity and durability needed to perform at the peak of hypercar performance. “The revolutionary Carbon+Forged wheels offer the most unique combination of strength and lightweight attributes in the industry,” says Forgeline president Dave Schardt. “We’re very proud to be a trusted part of this momentous victory. With our partner, Dymag, we set out to co-develop one of the most technologically advanced, hypercar wheels available. We feel, this world record set by the Tuatara, validates the dedication of our teams to deliver real world results.

Chris Shelley, CEO of Dymag stated, “Driving at 331mph on a relatively narrow road requires high wheel stability, tight manufacturing and assembly tolerances, high wheel and rim stiffness so allowing the driver to remain in complete control and have the confidence to push the Tuatara to its ultimate limits.” Shelley went on to say, “Our wheels have been tested in the lab, on track, and on-road under extreme conditions.”

Their world record was clear and confirmed, however, “There was definitely more in there,” said Webb, of the Tuatara following the record run. “And with better conditions, I know we could have gone faster. As I approached 331 mph, the Tuatara climbed almost 20 mph within the last five seconds. It was still pulling well. As I told Jerod, the car wasn’t running out of steam yet. The crosswinds are all that prevented us from realizing the car’s limit.”

SSC North America, CEO, Jerod Shelby stated, “We are truly fortunate to have trusted partners in Forgeline and Dymag. When reaching speeds in excess of 330 miles per hour, the wheels on the Tuatara are paramount to the safety of the driver and success of our company. As with all components of the Tuatara we diligently researched wheel manufacturers from around the globe and came to the clear conclusion that Forgeline and Dymag were the only choice for us. We would not trust any other supplier with such an important responsibility that is so integral to the success of SSC.”

In addition to the “Fastest Production Vehicle” record, the SSC Tuatara broke the world records for:

  • “Fastest Flying Mile on a Public Road” at 313.12 mph (503.92 km/h)
  • “Fastest Flying Kilometer on a Public Road” at 321.35 mph (517.16 km/h)
  • “Highest Speed Achieved on a Public Road” at 331.15 mph (532.93 km/h)

“We validate our engineering by building a car capable of going 330 mph. We validate our passion by accomplishing this, despite years of setbacks and challenges. And we validate our values by making sure Oliver’s safety was the first and foremost important goal of the day.”

– Jerod Shelby, CEO, SSC North America

About Forgeline Motorsports

Forgeline Motorsports is a Dayton, Ohio-based manufacturer of premium custom made-to-order automotive wheels for specialty vehicle builders, professional racing teams and enthusiast owners of exclusive sports cars and muscle cars. For more than 25 years, they have applied their racing experience and passion for motorsports toward engineering and building wheels which can withstand the extreme demands of sports car racing. With an unwavering commitment to strength and safety, Forgeline has earned a spot on some of the world’s fastest vehicles, including multiple world-record holding hypercars, those competing in IMSA, Pirelli World Challenge, Trans Am and virtually every road racing series in America.

About Dymag

Started in the early 1970s, Dymag quickly moved to the technology pinnacle developing diecast magnesium wheels for Formula One and inventing the world’s first three spoke Magnesium motorcycle racing wheels. Dymag’s rich heritage on four and two wheels ranges from Formula 1, IndyCar, Rally/RAID, Moto GP, Superbikes, Isle of Man TT champions and race winners driving and riding to victory on “Dymags”, as well as many production Supercar manufacturers. Based in Chippenham, England, United Kingdom, the company is currently expanding production capacity as the carbo wheel market continues to show rapid growth.

Building on their success, Dymag expanded into manufacturing Forged Magnesium wheels, Forged Aluminium wheels and finally developed lightweight Carbon Composite motorcycle and auto wheels.

Always at the forefront of materials technology over the past 30 years, Dymag has progressed to be recognized as the world’s leading carbon auto and motorcycle wheel manufacturer in the 90s and 2000s.

About SSC North America

Founded by Jerod Shelby in 1998 in Richland, WA, SSC North America is the American hypercar company that created the Ultimate Aero and Tuatara. The Ultimate Aero, previously held the “Fastest Production Car” record, from 2007-2010, after it clocked 256.14 mph. It still stands among the fastest, most versatile supercars on the planet, and has served as the foundation for what would become the Tuatara hypercar. In 2020, the Tuatara reclaimed the world record for SSC, with an average of 316.77 mph. SSC North America is producing 100 SSC Tuatara hypercars. High-speed, high-downforce, and track versions are available to customers. For more information visit www.sscnorthamerica.com

Dymag embarks on ambitious growth strategy 1024 640 Dymag Performance Wheels

Dymag embarks on ambitious growth strategy

Dymag, the company behind the state-of-the-art performance wheels used on some of the top performance vehicles in the world, is embarking on an ambitious growth and development journey from its HQ in Wiltshire, England.

Dymag Group Limited (Dymag) designs and manufactures lightweight carbon composite hybrid and full carbon wheels for cars and motorcycles. The company supplies both complete wheels and carbon barrels (rims) as sub-components to third party aftermarket companies in the UK, Europe, USA and Japan. Its clients include a global supercar brand, which is supplied on an Original Equipment Manufacturer (OEM) basis. Other OEM deals are in the pipeline.

Dymag’s aftermarket wheels are designed and manufactured to internationally recognised standards and are fitted to vehicle brands including Ferrari, McLaren, Porsche, Lamborghini and JLR’s Jaguar F-Type. The firm’s technology has a full UK patent for its unique design, which strengthens the wheel rim using different materials constructed to deliver a complete wheel that is lighter, stronger and faster than conventional designs. The wheel is highly durable and performs safely in high impact conditions, such as hitting potholes.

The company is ready to scale up production to offer its technology to other automotive businesses, thus delivering some of the functional advantages already enjoyed by high performance users. The wheels are tough but lightweight, creating a significant carbon footprint advantage in terms of fuel economy and, in the case of electric vehicles, in range per full charge.

Dymag plans to increase its production capacity with the aim of driving down costs as it strikes agreements with leading tier one automotive suppliers which specialise in wheels and structural composite components for the automotive, industrial and aerospace sectors. The resulting agreements will see this British technology applied to wheels on mid-market cars and other vehicles in the passenger vehicle market.

Carbon fibre wheel weight reduction benefits are huge; estimates from a leading sportscar OEM manufacturer suggest a Dymag Carbon Hybrid wheel is typically at least 40% lighter than an equivalent cast aluminum wheel.

Chris Shelley, CEO of Dymag, said: “The technology is now starting to move into mainstream vehicle production having been developed and proved in advanced supercar applications. At present wheels are produced in relatively small run numbers of hundreds per month. We are ready to deliver on a plan to scale up production to thousands per month. The planned increased capacity will also drive prices down rapidly, bringing them towards economic viability for all passenger vehicles.

“International competition is modest but also gearing up for a ‘transformation’ in wheel technology. An Australian firm has recently raised US$50m on sales expectations in this important niche sector of the future automotive supply chain market. We have been talking to a number of interested investors and have scaled up our plans to meet their ambitions and the opportunities we see in the future market.”

The UK firm is planning to raise an additional £5m of growth capital in the next year, resulting in a new production line ultimately capable of delivering 50,000 wheels per year.

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