DriveRight, the global vehicle fitment data specialist, has secured a six-figure equity and mezzanine investment from Finance Wales to fund its ongoing expansion into new markets in Europe, Asia and the Americas.
Established in the UK in 2001, the independent supplier of fitment data to retailers, wheel and tyre manufacturers has continued to grow as the online wheel and tyre industry has expanded.
Today, DriveRight is a market leader in the UK and regarded as the industry standard in vehicle fitment data. The company's services are used by business partners like eBay, Goodyear-Dunlop, Bridgestone, Momo, Oxigin, Nokian and OZ.
“The company has managed growth since formation, yet an investment of this scale will accelerate our expansion into regions poised to take advantage of rapidly developing e-commerce within the automotive aftermarket.