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Mobile Tyre Shop is an Australian mobile automotive service company founded in 2012 by Travis Osborne. The company provides on-site tyre fitting and related services and operates across multiple Australian states. [1] It has received national media coverage for its 2015 appearance on Shark Tank Australia and for subsequent capital raisings.
History
[edit]Mobile Tyre Shop was established in Victoria in 2012. Founder Travis Osborne developed the concept after observing mobile tyre services operating in the United States. [2] In 2015, Osborne appeared on Shark Tank Australia Season 1, where two investors agreed on-air to invest A$250,000 for a 10 per cent equity stake, valuing the company at approximately A$2.5 million. [3] Subsequent to the filming of the episode, both parties chose not to proceed with the investment. [4] Media reports stated that the television appearance resulted in a substantial increase in customer enquiries. [5] Following its initial operations in Melbourne, the company expanded into additional Australian states.[6]
Business model
[edit]Mobile Tyre Shop operates a mobile service model in which technicians travel to customer-selected locations to perform tyre fitting and related services. The company expanded through the recruitment of independent operators, increasing geographic coverage without relying on fixed retail premises.[7]
Investment and financing
[edit]In 2025, the company was reported to be undertaking a pre-IPO capital raising round to acquire more service vehicles due to increase in demand, related to the growth in electric vehicles. [8][9] The company was also referenced in broader Australian technology capital-raising reports during that period.[10][11]
In June 2025, Mobile Tyre Shop secured a A$5 million investment from Sailun Group, a Chinese tyre manufacturer. The transaction reportedly valued the company at more than A$45 million at the time.[12]
In 2026, the Australian Financial Review reported that the company was pursuing their ASX-listing.[13]
References
[edit]- ^ "Mobile Tyre Shop revs up for pre-IPO round". Australian Financial Review. 2022-12-08.
- ^ "Why I walked away from $250,000: Travis Osborne on the Shark Tank deal that fell through". news.com.au.
- ^ "Shark Tank recap: Travis Osborne reveals how he convinced two sharks to back his mobile tyre shop". SmartCompany.
- ^ "What happened when my Shark Tank deal fell through". SmartCompany.
- ^ "Mobile Tyre Shop receives boost after Shark Tank". Herald Sun.
- ^ "Mobile Tyre Shop revs up for pre-IPO round". Australian Financial Review.
- ^ "Mobile Tyre Shop growing options for dealers". AutoTalk.
- ^ "Mobile Tyre Shop revs up for pre-IPO round". Australian Financial Review.
- ^ "Mobile Tyre Shop seeks to raise $6m as demand for EVs revs up". The Australian.
- ^ "Telstra Ventures and Mobile Tyre Shop lead this week's tech capital raisings". The Australian.
- ^ "Australian startup funding raise roundup". SmartCompany.
- ^ "Mobile Tyre Shop lands $5m from Chinese giant Sailun". The Australian.
- ^ "Mobile Tyre Shop gears up for ASX debt after Chinese backing". Australian Financial Review.