Road angel drives expansion with seven-figure deal from HSBC UK
Added by Love Business East Midlands | 17 December 2024
Nottingham-based In Phase International, manufacturer of the award-winning Road Angel dash cameras and the UK’s leading road speed awareness device, has secured a seven-figure deal with HSBC UK to fuel its ambitious growth strategy and international expansion.
HSBC UK funding is enabling Road Angel to expand its product range, increase stock levels, and meet the growing demand from customers in the UK and overseas. Road Angel has already established a strong presence in Europe, with dedicated office and warehouse facilities in Dortmund, Germany, supporting its rapid growth.
As the market leader in dash cams and speed awareness, Road Angel continues to see its market share increase year on year. The partnership with HSBC UK positions the company to launch an innovative new product range in 2025 and expand further into Europe, America, and Asia.
With enhanced in-house warehousing and logistics capabilities, In Phase International predicts a 35% year-on-year increase in turnover, driven by the success of the Road Angel brand.
Steve Digva, CEO of In Phase International, said:
“This support from HSBC UK empowers Road Angel to accelerate our global growth ambitions. As a pioneer in British manufacturing, our dedication to innovation and market-leading products ensures we meet the evolving needs of our customers and remain at the forefront of our industry.”
Jake Cannon, Relationship Manager at HSBC UK, added:
“We are proud to support the growth of Road Angel and its parent company, In Phase International. Their success is a testament to the strength of British manufacturing and innovation. We look forward to seeing Road Angel continue to thrive both in the UK and internationally.”
Since its founding in 2001, In Phase International has built a diverse portfolio of brands across automotive, navigation, and speed awareness. Its flagship brand, Road Angel, is at the centre of the company’s global expansion and product innovation efforts.
Image: front to back: Jack Digva – Director, Sir Mark Spencer (board member), Steve Digva CEO & Founder, Neil Scanlon COO, Gary Digva Director & Visionary
