RoboTire, a Detroit-based Autotech startup, has grown $ 7.5 million in serial financing to bring automation and robotics to the pneumatic industry.
The funding round is led by The Reinalt-Thomas Corporation, which conducts businesses such as Discount Tire and America’s Tire, with the participation of Detroit Venture Partners, Automotive Ventures, 640 Oxford Ventures and a number of angel investors. Tom Williams, Director of Experience at Discount Tire, said of the company’s involvement:
“Discount Tire supports RoboTire in the development of new and innovative technologies that promote a better customer experience. As customer expectations and the ability to deliver reduced wait times grow with the “Buy and Book Online” experience, we will continue to look for automations and enhancements that will ensure an inviting, easy and safe experience for all our customers. “
Founded in 2018 by Victor Darolfi, the startup has aimed to revolutionize the tire industry by designing a system that improves the experience of changing tires by reducing robot time by less than 15 minutes. The startup has already obtained patents for its automotive systems, and has gained an advantage in an industry where most competitors are still waiting. Victor Darolfi, CEO and founder of RoboTire, mentioned the role and future of the startup:
“This is a crucial moment for RoboTire and it puts us on the path to further transforming vehicle maintenance. Our vision is to revolutionize the way we change tires, and working with Discount Tire, a leader in the automotive and tire industry, will make our innovative technology more useful. “We are very proud to receive this support from our investors and we know that this is just the first step in a long road to success for our business.”
With time becoming an increasingly important concern for consumers, the service industry has been looking for ways to apply the latest developments robotics and automation to improve efficiency. Robotireis will now have to deal with more than 276 car owners in America at one time or another in order to be successful in order for the Autotech startup to be successful in the near future.