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RoboTire has raised $7.5 million in order to automate tyre replacement

RoboTire first came to our attention in February of last year, just before the epidemic brought most of the globe to a halt. The Detroit-based firm, which was formed by former Spark Robotics CEO Victor Darolfi, was still in its early phases.

In the last year and a half, the firm has certainly attracted some strategic attention, as more and more sectors seek to reap the benefits of automation. The Reinalt-Thomas Corporation, the major tyre retail brand behind Discount Tire and America’s Tire, led a $7.5 million Series A financing, which was disclosed today.

“I sat at America’s Tires for three hours and thought, hey, in the plant, we use robots to put tyres on,” he explained. “How about introducing robots to the service industry?” Reinalt-Thomas was clearly paying attention. Automotive Ventures, Detroit Venture Partners, and 640 Oxford Ventures participated in the round. The money will be used to expand RoboTire’s operations in Detroit, according to the company.

According to the firm, the underlying technology can change a pair of tyres in less than 15 minutes. Discount Tire, it appears, will be one of the first to implement the automated technology.

In a statement, Discount Tire Chief Experience Officer Tom Williams stated, “Discount Tire is delighted to assist RoboTire in the development of new and creative technologies that promote a better customer experience.” “As consumer expectations for the ‘purchase and book online’ experience and our ability to offer decreased wait times continue to rise, we will explore automation and upgrades that assure an appealing, easy, and safe experience for all of our customers.”

Robotire has brought most of the globe to the hault by developing new technologies and promoting to a good customer experience at upgrading them.My best wishes to them.

Shishir Gupta, Founder and CEO, StartupLanes

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