Stockport rail tech firm secures £1m funding for job creation
Stockport tech firm Trolex Aporta Holdings has secured £1m investment from Finance Birmingham’s national Rail Supply Growth Fund.
The funding will enable the business to accelerate its growth plans with the rollout of an in-carriage entertainment system, and create 38 new jobs.
The company’s Juxta Infotainment System allows uninterrupted streaming of TV shows, news, travel information and movies straight to a personal devices through a web browser or a downloadable app.
It does not rely on public Wi-Fi and offers train operators opportunities to improve user experience and explore new revenue streams.
Glyn Jones, Managing Director of Trolex Group, which was established in 2016, said: “It’s an exciting time for the rail industry. The sector is currently experiencing increased demand from customers for high-speed Wi-Fi that delivers entertainment direct to their fingertips.
“At Trolex Aporta we aim to provide an innovative solution that not only guarantees a reliable full entertainment service for passengers, but one that is cost-effective and easy to maintain for rail operators. Our greater mission is to lead domestic and international rail industries to a more efficient and user-led future. The funding provided by Finance Birmingham will help us to develop our system further ensuring a better travel experience for rail passengers”.
The national Rail Supply Growth Fund, managed by Finance Birmingham , provides loans and grant funding to businesses offering services and products that operate in, or cross-over into, the rail industry.
Jack Glonek, Investment Director at Finance Birmingham concluded: “Increasingly passengers want a better experience of accessing information, be it for business or leisure purposes and Trolex Aporta are committed to answering this call. Finance Birmingham is proud to be involved in helping Trolex Aporta’s momentum and we look forward to witnessing positive impacts of this innovation both for rail travel experience and overall customer satisfaction.”