# RoboTire

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/robotire

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Plymouth, US
- Website: www.robotire.com
- Total disclosed funding: $11M
- Latest round: Series A (Apr 26, 2021)
- Investors on record: 6

## About

RoboTire, Inc. develops advanced robotic solutions to automate tasks across various industries, significantly enhancing operational efficiency and reducing labor costs for businesses in agriculture, manufacturing, and logistics.Founded in 2018 by Victor Darolfi, RoboTire, Inc. is headquartered in Plymouth, US. The company focuses on creating robotic systems tailored for agriculture, manufacturing, and logistics. It has completed a total of 4 deals, with the most recent being a Series A funding round on April 26, 2021, securing USD 10.6 mn led by Mavis Tire Supply LLC, with other investors including 640 Oxford Ventures, Automotive Ventures, Detroit Venture Partners, and Type One Ventures.RoboTire specializes in advanced robotic solutions aimed at automating various tasks across multiple industries. The company's core offerings include autonomous robotic systems designed for applications in agriculture, manufacturing, and logistics. These robots utilize technology such as AI and machine learning to enhance operational efficiency, reduce labor costs, and improve accuracy in tasks ranging from crop monitoring to warehouse management. The primary customer base includes agricultural enterprises, manufacturing firms, and logistics companies primarily in North America and Europe.RoboTire generates revenue primarily through a subscription-based model for its robotic systems, which includes maintenance and software updates. Clients engage in long-term partnerships that ensure continuous support and upgrades, fostering a stable revenue stream. The company offers tiered pricing plans based on the scale and complexity of the robotic solutions provided. Flagship products include autonomous tractors and warehouse robots, which enhance productivity and provide clients with significant cost savings over time. Revenue is expected to be bolstered by increasing demand for automation in sectors such as agriculture and logistics.Following its Series A funding round in April 2021, RoboTire plans to launch new products designed to expand its robotic capabilities for agriculture and logistics sectors. The company aims to enter new markets in Asia and South America by 2023. The recent funding round of USD 10.6 mn will be allocated to enhancing product development and expanding its market reach, ensuring that RoboTire can effectively meet the growing demand for automated solutions.

## Funding rounds

- Series A, Apr 26, 2021, $11M — Detroit Venture Partners, Mavis Tire Supply LLC, Type One Ventures, Automotive Ventures, 640 Oxford Ventures
- Seed, Nov 1, 2020 — Asymmetry Ventures, Automotive Ventures

## Investors

- Asymmetry Ventures (https://capitalatlas.ai/funds/asymmetry-ventures) — Seed
- Automotive Ventures (https://capitalatlas.ai/funds/automotive-ventures) — Seed, Series A
- Detroit Venture Partners (https://capitalatlas.ai/funds/detroit-venture-partners) — Series A
- Mavis Tire Supply LLC — Series A
- Type One Ventures (https://capitalatlas.ai/funds/type-one-ventures) — Series A
- 640 Oxford Ventures (https://capitalatlas.ai/funds/640-oxford-ventures) — Series A