Honeywell invests in Trinity Mobility for smart city technology

  • December 7, 2020
  • Steve Rogerson

Honeywell is investing in Trinity Mobility, an India-based software company and provider of an IoT smart cities platform and software applications.

This investment will allow Honeywell to expand its smart cities capabilities by providing access to Trinity’s smart city products, which integrate information from various systems across a city in a common interface and allow operators to assess, operate and manage the city’s connected infrastructure. Together, Honeywell’s and Trinity aim to help make cities safer and more liveable for citizens while helping cities manage and reduce their emissions.

The investment is structured to provide Honeywell with a path to full ownership of Trinity, and will let Honeywell more fully partner with cities that are expanding their smart city deployments or integrating new systems. Trinity’s capabilities complement Honeywell’s technologies for smart cities and global expertise in delivering integrations for mission critical systems.

The Honeywell City Suite can seamlessly aggregate information from traffic, environment, parking, emergency services, safety and security, and utilities in a single, unified view. In addition to enhancing the efficiency of cities, these can also be applied to retirement communities, large planned residential communities, university campuses and large industrial communities that want to provide a more connected living experience.

“Many of the world’s cities are facing significant operational and sustainability challenges stemming from urbanisation, including unexpected crises, infrastructure issues, environmental and safety concerns, and the expanding needs of citizens,” said Vimal Kapur, president and chief executive officer of Honeywell Building Technologies. “The combined capabilities of Honeywell and Trinity can allow cities of all sizes to improve services and provide a better experience for their citizens. In addition, the data generated from these technologies can help improve cities’ ability to plan, helping create a more hospitable and liveable environment for citizens.”

Founded and based in Bengaluru, India, Trinity creates software that helps manage large, complex installations such as those needed for smart cities. Honeywell and Trinity have worked together for more than five years to deploy multiple smart city projects, including the New Administrative Capital of Egypt and Faridabad in India. Honeywell’s investment should allow it to expand the reach of its smart cities capabilities to additional international markets.

“We look forward to expanding our relationship with Honeywell to offer customers complete technology for the complex integrations that are needed to create a truly smart city,” said M Ashok Kumar, founder and chief executive officer of Trinity. “Our combined expertise and smart cities IoT platform provide tremendous connected opportunities for smart cities globally for both existing and emerging cities to meet their sustainability and productivity goals as well as create a more engaging citizen experience.”

According to the UN Department of Economic & Social Affairs, 68 per cent of the world’s population will live in urban areas by 2050, compared with 55 per cent today. Overcrowding, traffic congestion and security concerns, as well as rising water and demand for utilities, are driving the market for intelligent services and investment in smart city technologies. A big focus of these investments is in sensors, IoT, security and cloud-based platforms that can capture, analyse and provide real-time information and insights that can boost safety, security and energy efficiency.

Honeywell’s smart city systems connect more than 100,000 IoT sensors and touch the lives of more than 100 million people. The company’s products help create actionable insights that city authorities and municipalities can use to improve their situational awareness, economic development and quality of life for residents.

Terms of the investment were not disclosed. The investment is pending customary deal closing conditions.

Trinity Mobility is in the business of building digital platforms and applications that leverages IoT and AI technologies in an integrated manner to drive digital transformation of cities. Trinity has a talent pool of 230 employees working across various technology domains to build smart city services through an IP led focus.