Discount Tire-backed RoboTire automated tyre changing system raises $7.5 million

RoboTire, a Detroit-based automotive robotics and automation startup closed a US$7.5 million investment round in October. RoboTire’s patented system uses robots to change tyres “in a fraction of the time human operators can” purportedly reducing “multiple-hour experiences to under 15 minutes”.  The Series A investment round was led by The Reinalt-Thomas Corporation, which sells tyres through 1000+ branches trading under the Discount Tire and America’s Tire brands in the USA. Automotive Ventures, Detroit Venture Partners, 640 Oxford Ventures and several angel investors participated in the funding round.