Wheel and tyre safety business Wheely Safe has secured a £500,000 investment from the Midlands Engine Investment Fund (MEIF).
The Burntwood-based firm was launched in 2010 to help overcome the problems with wheel loss in the commercial vehicle industry in the UK, where up to 400 wheel detachments occur every year.
The company's products include sensors which help to detect when a wheel starts coming loose and tyre pressure monitoring systems.