InfraBridge Invests in Remote Operation Technology for Logistics Vehicles to Improve Safety, Productivity, and Operational Resilience

LONDON and SILICON VALLEY, Calif., April 27, 2023

Remotely operated yard truck developed with Phantom Auto for use in container/cargo handling terminals, pictured at a ConGlobal operated terminal.

"As ConGlobal continues on its transformation journey, we are focused on supporting enterprise performance through advanced solutions and innovation," said Damian Stanley, managing partner of InfraBridge and chair of the investment committee. "Phantom Auto strategically aligns with our thesis of digitizing logistics to drive performance and efficiencies and further create value within our portfolio companies."

InfraBridge's investment in Phantom Auto is being made through its operating company, ConGlobal, which is focused on delivering advanced solutions for terminal operators, by terminal operators, and making supply chain endpoints and first mile/last mile cargo movements safer and more effective, efficient, sustainable, and resilient for the employees, customers, communities, and shareholders it serves. 

"Becoming the world's go-to experts in terminal operations requires using our expertise to build lasting solutions and capabilities for all of those in our care," Ring said. "This partnership and the human-centered capability that we are developing and deploying with Phantom Auto fits squarely within that requirement and our daily mission to take care of each other, our customers, and our business."

"We are excited to partner with InfraBridge, who shares our vision for digitizing logistics; and with ConGlobal, who will help us continue to bring that vision to life with remotely operated yard trucks," said Shai Magzimof, Co-founder and Chief Executive Officer at Phantom Auto. Added Elliot Katz, Co-founder and Chief Business Officer at Phantom Auto: "With remotely operated yard trucks, customers are investing in supply chain resilience that enables them to remotely tap into labor wherever it is available. This provides them greater flexibility when demand fluctuates; while increasing safety and productivity for their most important resource: people."