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RoboTire Closes Series A Investment Round

The automation start up closed its $7.5M Series A investment round, led by the Reinalt-Thomas Foundation, which does business with Discount Tire and America’s Tire.

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Detroit-based automotive robotics and automation start up RoboTire announced that it has closed its $7.5M Series A investment round, led by the Reinalt-Thomas Corporation, which does business as Discount Tire and America’s Tire. Automotive Ventures, Detroit Venture Partners, 640 Oxford and several angel investors participated in the round, the company said.

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RoboTire’s patented system uses robots to change tiresin under 15 minutes, the company said. RoboTire was founded in 2018 and has multiple patents pending for its automotive systems, the company said.

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