The ShinSale project for the sale of used tires attracted an investment of 16 million rubles from the Moscow Seed Fund. The company will use the funds received to expand the Russian market.

ShinSale tire sales project raised 16 million rubles from the Moscow Seed Fund

The ShinSale project was founded in 2018 by Kirill Lukoyanov, Sergey Oganesyan, Ernest Israelyan and Armen Israelyan. The company automates the sale of used car tires and wheels using machine learning-based IT modules.

The company has developed the ShinSale AI platform, through which it is possible to solve key problems in the secondary market: from calculating wear levels to forecasting demand in various regions of the country. ShinSale AI also enables customer management taking into account the specific characteristics of the consumer market.

According to one of the founders and CEO of ShinSale, Sergei Oganesyan, the company strives to contribute to the development of responsible consumption.

“Many products can provide more benefits to society than they currently do and our task is to achieve this. To do this, we use modern technologies at the intersection of several fields. Investments from the Moscow Seed Fund will help us realize our ideas,” says the founder.

Now ShinSale has already found partners in large Russian cities – in St. Petersburg, Perm, Voronezh, Novosibirsk and Saratov. The company plans to expand to more than a million cities.

ShinSale strives to bring automation of all stages to 100% and ensure a site turnover of 5 billion rubles by 2026.

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You can read more about the history of the launch of ShinSale in an interview with RB.RU with one of the founders of the project.


Natalia Gormaleva

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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