Auto Tech startup RoboTire closes $7.5M Collection A spherical

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RoboTire makes use of industrial robots to alter tires. | Picture credit score: RoboTire
RoboTire, a Detroit-based automotive robotics and automation startup that guarantees to revolutionize the tire business, right this moment introduced the closing of its $7.5M Collection A funding spherical, led by The Reinalt-Thomas Company, which does enterprise as Low cost Tire and America’s Tire and is the world’s largest unbiased tire retailer. Automotive Ventures, Detroit Enterprise Companions, 640 Oxford Ventures and a number of other angel buyers participated within the spherical. RoboTire CEO and Founder Victor Darolfi made the announcement.

“It is a pivotal second for RoboTire and units us on a path to additional remodel automobile upkeep,” Darolfi stated. “Our focus is to revolutionize the way in which tires are modified, and collaborating with Low cost Tire—an iconic automotive and tire business chief—will make our revolutionary expertise extra extensively accessible to customers who want each pace and repair as a part of their every day lives. We’re immensely proud to obtain this backing from our buyers and know that is simply the primary flip down a protracted highway to success for our firm.”
RoboTire’s patented system makes use of robots to alter tires in a fraction of the time human operators can—decreasing multiple-hour experiences to beneath quarter-hour. Introducing this breakthrough manufacturing-level automation to conventional automotive restore outlets transforms the standard monetary and operational issues utilized by fleet operators and automotive service suppliers for tire and wheel providers.
“Low cost Tire is worked up to assist RoboTire within the improvement of recent and revolutionary applied sciences that drive a greater buyer expertise,” stated Tom Williams, chief expertise officer at Low cost Tire. “As buyer expectations across the ‘purchase and ebook on-line’ expertise and our potential to ship decreased wait instances proceed to develop, we’ll proceed to pursue automation and enhancements that guarantee an inviting, simple and protected expertise for all our prospects.”
RoboTire was based in 2018 and has a number of patents and patents pending for its automotive methods.
“We see RoboTire as transformative – not just for the tire business however for the event of smarter automotive applied sciences and future-proofing the workforce of expert technicians, which our business should do a greater job recruiting, coaching and retaining,” stated Will Mapes, RoboTire chief working officer. “We’re excited to construct out and scale our operations and crew in Detroit and in Michigan, the guts of American automotive engineering, with assist of our new companions.”