Quantron AG and Goldstone Technologies form JV to develop digital platforms for sustainability services
The JV will have operations in Augsburg, Germany and Hyderabad, India, with plans to launch a US entity in Q3 2023
Mumbai : Goldstone Technologies Limited (GTL) has announced the establishment of a joint venture (JV) company with Quantron AG, a leading German e-mobility company.
The JV will have operations in Augsburg, Germany and Hyderabad, India, with plans to launch a US entity in Q3 2023. The new company will leverage an AI-supported platform to provide sustainable, integrated solutions for mobility and logistics companies’ fleet management needs.
The target markets are Europe, the USA, India, and the Middle East, with an addressable market size of 150-250 billion euros by 2030. The JV has already secured customers, including Quantron and ETO Motors, and plans to invest over 20 million euros in the next 36 months.
GTL will develop the software and manage the integration of the customised platform, while Quantron will utilise the digital platform as part of its 360-degree ecosystem for customers. The MVP of the platform will be developed in collaboration with Quantron, with beta testing set to launch soon.
Roadzen Inc.is a strategic partner in this JV to support with a digital product portfolio to offer Insurance-as-a-Service (IaaS), Road Side Assistance & Extended Warranty modules. The JV would also cover the distribution, sale & commercialization of the software as a white-labelled solution to third parties. One of the objectives of the JV is to give logistics providers opportunities to convert their existing analogue processes into digital environments. The focus of the JV is on the value addition of the clients get from solutions, not just the solutions themselves.
Starting out as a horse-drawn carriage business in the year 1882, Quantron combines e-mobility know-how with over 140 years of commercial vehicle experience and plans to introduce heavy-lift e-mobility logistics solutions to the Indian market. The JV will announce the plan for the Indian market with the MaaS and Fleet Management services, with the view to become OEM agnostic and focus on the future needs of fleets in the Zero Emission World.