The Bottom Line: NewSpring Leads $26.5M Investment in Trio Mobil
July 30, 2024
NewSpring, a family of private equity strategies, announced today that NewSpring Growth, the Firm’s dedicated growth and expansion strategy, has led a $26.5 million investment round in Trio Mobil. Existing investors 212 and TIBAS Ventures also participated in the round.
Trio Mobil is a leading provider of AI and IoT solutions for workplace safety and efficiency
Trio Mobil is at the forefront of innovation, pioneering advanced solutions that enhance safety and increase efficiency in industrial settings. The company offers a robust suite of solutions that meet the safety and efficiency requirements of intralogistics in facilities and warehouses, as well as highway operations. Trio Mobil leverages its cutting-edge AI and IoT technologies to revolutionize workplace environments. These solutions enhance safety and advance operational processes, contributing to more productive industries worldwide.
The company will use the proceeds of this transaction to enhance its global presence and expand innovation
The newly secured funding enhances the company's ability to support customers globally, accelerate growth initiatives, and strengthen operations in the U.S. and international markets. Trio Mobil is set to revolutionize workplace safety and efficiency on a worldwide scale. With this investment, Trio Mobil will continue leading the industry with its unique, innovative solutions that ensure unmatched effectiveness and safety standards, solidifying its position as a pioneer in AI and IoT technologies.
Trio Mobil’s AI computing technology addresses unresolved workplace safety challenges
Millions of people worldwide die from work-related accidents and diseases each year, and many more suffer non-fatal work-related injuries annually. These figures highlight the critical need for innovative solutions like those provided by Trio Mobil to mitigate risks and enhance safety protocols in the workplace.
"This funding marks a pivotal moment for Trio Mobil. It highlights the transformative potential of our AI and IoT solutions in enhancing workplace safety and operational efficiency. With this investment, we are excited to advance our innovations and better support our global customers in all their operations worldwide. Our mission is to ensure that every worker returns home safely, and this funding brings us significantly closer to achieving that vision on a wider scale."
Trio Mobil is led by an innovative management team
Trio Mobil is led by CEO and Co-Founder Nevzat Atakli, an innovative and growth-oriented executive with many years of experience at the intersection of workplace safety and technology.
"Trio Mobil's groundbreaking AI and IoT technologies provide a comprehensive safety network that ensures unmatched protection across various industries. This unique approach aligns perfectly with NewSpring Growth’s commitment to supporting visionary founders and entrepreneurs. The potential for Trio Mobil to set new standards and drive advancements in their field is significant. We are excited to partner with this team as they expand their global impact and revolutionize workplace safety and efficiency.”