Upaya Social Ventures Invests In Regrip To Scale Sustainable Tyre Waste Solutions In India

Press Release

May 5

Written By Upaya

Bangalore, India | May 6, 2026

Upaya Social Ventures is expanding its commitment to the circular economy with a new investment in Regrip, an innovator bringing much-needed transparency and sustainability to India’s tyre waste management sector.

Founded by Tushar Suhalka, Regrip is tackling one of India’s fastest-growing waste challenges by streamlining a fragmented industry. With a tech-enabled network of 40 collection centers and five recycling facilities, the company is preventing millions of tyres from entering landfills. By converting end-of-life tyres into retreaded products, crumb rubber, and industrial tyre oil, Regrip is transforming a major environmental liability into a scalable circular economy solution.

Upaya’s investment will support the growth of Regrip’s proprietary SaaS platform, which helps fleet owners optimize tyre lifecycle management and improve operational efficiency by up to 30%. The funding will also expand its collection network across India and strengthen its recycling capabilities.

“At Regrip, we started with a clear mission to solve India’s growing tyre waste crisis while building a more sustainable and efficient ecosystem,” said Tushar Suhalka, Founder of Regrip. “This investment strengthens our ability to scale our technology and expand our reach, ensuring more tyres are recycled responsibly. With Upaya’s support, we also aim to create more meaningful livelihood opportunities across the value chain.”

Beyond its environmental impact, Regrip is helping formalize the waste value chain by integrating technology into collection and processing, creating more stable and dignified income opportunities for workers historically operating in the informal sector.

“The partnership between Upaya and Regrip represents a powerful step toward a truly circular economy. Regrip is transforming the informal waste sector into a more transparent, high-value supply chain, particularly in the critical area of tyre waste. While Upaya has backed innovations across plastic waste, wet waste, textile waste, and other segments, tyre waste represents a distinct market with significant potential for circularity. By integrating cutting-edge technology with ground-level impact, Regrip aligns closely with our mission to create sustainable livelihoods. They are demonstrating how this opportunity can be scaled while creating dignified, resilient incomes for the workers at the heart of the system,” said Ankur Mehta, Director of Investments & Portfolio, Upaya Social Ventures.

This marks Upaya’s 67th investment and another strategic step in its commitment to backing early-stage enterprises that generate dignified jobs for people living in poverty. Through partnerships like this, Upaya continues to connect global capital with local entrepreneurship to drive climate impact and expand economic opportunity for India’s workforce.

ABOUT UPAYA SOCIAL VENTURES:

Upaya Social Ventures is building a dignified economy by providing investment and support to early-stage businesses creating sustainable livelihoods for people living in the most extreme poverty.

Upaya’s award-winning impact-first model seeks out and supports oft-overlooked companies creating work that is safe, stable, inclusive, and rewarding—generating a transformative impact on families, communities, and economies.

Since its founding in 2011, Upaya’s portfolio companies have created over 100,000 dignified jobs across India. Please visit upayasv.org for more information.