Prismoline is a road safety products manufacturer that was founded in 2016 and is headquartered in Ranchi, India. The company specializes in creating high-quality road safety solutions, including road studs, crash barriers, signage, and thermoplastic road marking paints. With a strong commitment to reducing road fatalities, Prismoline’s goal is to cut road fatalities by 50% by 2020.
The company uses advanced technology, such as hot thermoplastic machine marking, hand marking, road marking for airports, and parking lots, to deliver reliable and efficient products aimed at improving road safety for drivers, pedestrians, and workers.
Why is This Funding Significant?
Recently, Prismoline raised funds in a round led by Uniworth Finlease Limited (UFL), which will help enhance the company’s working capital, expand its product portfolio, and explore new market opportunities. The funding is expected to strengthen Prismoline’s position in the market and drive future growth.
Additionally, the company aims to diversify its offerings by manufacturing pavement markers, plastic paints, and water-based paints for use in airports.
Founders’ Perspective
Rishabh Singhania, the Founder and CEO of Prismoline, expressed optimism about the company’s potential to grow and extend its product range with the support of this funding.
Prismoline’s Achievements & Clients
Prismoline has achieved remarkable milestones since its inception. The company has successfully completed over 100 projects, showcasing its expertise in road marking and infrastructure. With more than 150 happy clients, including industry leaders such as L&T (Larsen & Toubro), Reliance Infrastructure, and KSIPL, Prismoline has built a solid reputation for delivering high-quality and dependable road safety products.
Over the years, the company has produced and delivered over 10,000 metric tonnes of thermoplastic paint and covered more than 5 million square meters of road surfaces, significantly contributing to road safety across India.
The company also mentioned that the transaction was guided by its existing investors, Sumit Kochar and Shivam Gera, who represented Dolce Vita Advisors (DVA), a legal advisory firm.
