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RoboTire raises $7.5M to automate tire replacement – FiratNews

RoboTire raises $7.5M to automate tire replacement – TechCrunch

RoboTire crossed our radar in February of final yr, simply earlier than a lot of the world was introduced to a whole standstill courtesy of the pandemic. Issues had been nonetheless pretty early levels for the Detroit-based startup, which was based by former Spark Robotics CEO Victor Darolfi.

The corporate has clearly picked up some good, strategic curiosity within the intervening yr and a half, as increasingly more industries want to embrace the advantages of automation. At this time it introduced that it has raised a $7.5 million Sequence A spherical, led by The Reinalt-Thomas Company, the main tire retail model behind Low cost Tire and America’s Tire. The latter, funnily sufficient, acquired a little bit of a combined shout-out after we spoke to Darolfi final yr.

Picture Credit: RoboTire

“I sat at America’s Tires for 3 hours and thought, hey, we use robots to place tires on on the manufacturing facility,” he advised us. “Why don’t we convey robots into the service trade?” Clearly Reinalt-Thomas was listening. The corporate was joined by Automotive Ventures, Detroit Enterprise Companions and 640 Oxford Ventures within the spherical. RoboTire says the funding will go towards increasing its operations in Detroit.

The underlying expertise is able to altering a set of tires in lower than quarter-hour, by the corporate’s depend. From the sound of issues, Low cost Tire might be among the many first to undertake the automated tech.

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“Low cost Tire is worked up to help RoboTire within the growth of latest and revolutionary applied sciences that drive a greater buyer expertise,” Low cost Tire Chief Expertise Officer Tom Williams mentioned in a launch. “As buyer expectations across the ‘purchase and guide on-line’ expertise and our potential to ship diminished wait occasions proceed to develop, we are going to proceed to pursue automation and enhancements that guarantee an inviting, simple and secure expertise for all our prospects.”