Auto Tech Startup Robotire Closes Series A Round
10/07/21, 4:32 PM
Location
detroitRound Type
series a
RoboTire, a Detroit-based automotive robotics and automation startup that promises to revolutionize the tire industry, today announced the closing of its $7.5M Series A investment round, led by The Reinalt-Thomas Corporation, which does business as Discount Tire and America's Tire and is the world's largest independent tire retailer. Automotive Ventures, Detroit Venture Partners, 640 Oxford Ventures and several angel investors participated in the round. RoboTire CEO and Founder Victor Darolfi made the announcement.
Company Info
Location
detroit, michigan, united states
Additional Info
RoboTire is a robotics and automation solution that is revolutionizing the way tires are changed. Founded by CEO Victor Darolfi in October 2018, RoboTire has designed a system that enables robots to change tires in a fraction of the time human operators can—reducing an hour-long experience down to under 15 minutes. By bringing innovation to the traditional, RoboTire is transforming the way fleet operators, dealers and independent service providers look at tire and wheel services. For more information about RoboTire, visit visit robotire.com.