Prismoline Raises Fund to Enhance Reach for Road Safety Infrastructure in India
Prismoline, a leading manufacturer of thermoplastic road marking paints and road safety products, has successfully secured funding to enhance its working capital, diversify its product portfolio, and explore new markets. The funding round was led by Uniworth Finlease Limited (UFL), with participation from prominent angel investors.
Headquartered in Ranchi, Prismoline is a trusted provider of comprehensive road marking and safety solutions across India. Its flagship products include PRISMOLINE thermoplastic paints, PRISMOLITE glass beads, raised pavement markers, delineators, and an extensive range of road signage. As part of its growth strategy, the company is now targeting international markets, particularly in the UAE and the broader Middle East region.
Prismoline’s commitment to quality and innovation is evident in its advanced infrastructure, featuring state-of-the-art thermoplastic road marking machines, reflectometers for precise reflectivity testing, and a fully equipped laboratory ensuring compliance with industry standards. The company is also setting new benchmarks in the road safety industry through its expertise in audio-tactile profile road markings.
Rishabh Singhania, Founder and CEO of Prismoline, said, "At Prismoline, we are dedicated to transforming road safety infrastructure by delivering innovative and durable solutions designed for safety of individuals. This funding will bolster our working capital and enable us to expand our product range, including the manufacturing of Prismolite Raised Pavement Markers, Cold Plastic Paint, and Water-Based Paint for airports. It will also support our entry into untapped segments within the road safety and road asset management sectors. The trust and support from Uniworth Finlease Ltd and our investors reaffirm their confidence in our vision and capabilities.”
“As part of its growth strategy, Prismoline is looking forward to expansion in international markets, with a focus on the UAE and the broader Middle East region,” he further added.
Commenting on the partnership, Yash Maheshwari, the Director of UFL remarked, “This deal reflects our commitment to sustainable development. With Prismoline, we aim to build a robust road asset bank to address safety and maintenance challenges.”
The road safety market is on the cusp of remarkable growth. As per an analysis the global market is forecasted to grow from USD 21.94 billion in 2024 to USD 61.97 billion by 2034, reflecting an impressive CAGR of 10.94%. Despite substantial investments in road infrastructure, the road safety segment remains significantly underfunded. Prismoline aims to address this gap by providing state-of-the-art safety solutions.
The transaction was advised by existing investors Sumit Kochar and Shivam Gera, representing Dolce Vita Advisors (DVA), a legal advisory firm specializing in corporate transactions and private client practices, in collaboration with Heramb Finserv, a Mumbai-based financial advisory firm.
