RoboTire
ClosedRobotire is automating vehicle maintenance for today and future…
PLYMOUTH, United States · $11.2M raised
- Headquarters
- PLYMOUTH
- Employees
- 11–50
- Business Model
- B2B
- Website
- robotire.com
- Total Funding
- $11.2M
- Last Round
- $1.2M Series AMar 2023
- Rounds
- 4
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
In a fleet-centric world where everything is delivered to your doorstep, cost-per-mile and uptime are all that matter. Vehicles will be driving more miles and the decreased complexity of electric motors will fundamentally change the automotive service industry. ROBOTIRE will bring manufacturing-level automation to vehicle servicing. Tires are the perfect vertical to tackle first because they are future-proof (tires are going nowhere) and scale from luxury personal automobiles to freight-centric big-rigs. The current tire changing industry is entrenched with an aging workforce but maintains strong margins. We will build and deploy a robotic tire changing container that can change tires in 10 minutes. Our fully-integrated ROBOTIRE containers can be placed inside existing shops, Walmart parking lots or in the middle of a fleet service area hundreds of miles away from a major city. In the medium term, we will expand to brakes, oil, batteries, etc. becoming an uptime assembly line that keeps fleets on the road 24/7 at a fraction of the maintenance cost per mile we see today. In a fleet-centric world, cost-per-mile and uptime are all that matter. ROBOTIRE tackles both.
Summary
RoboTire is an Automation company based in PLYMOUTH, United States. It has raised $11.2M in total across 4 rounds, most recently a $1.2M Series A round in Mar 2023. Investors include Reinalt-Thomas Corporation, Backend Capital and Automotive Ventures.
Funding History
Mar 2023
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Funding: Angel through Series A. Amounts, valuations, and investors where available.
Investors
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