Goldstone technologies and Quantron AG join in developing digital Platforms for sustainable services

July 11, 2023 6:32 pm

Goldstone Technologies Limited (GTL) is setting up a Joint Venture Company partnering with German e-mobility major Quantron AG. The JV will operate out of Augsburg, in Germany and from Hyderabad, with plans to set up a US entity in Q3 2023.

GTL and Quantron will be serving a market that requires sustainable integrated solutions for mobility and logistic companies for their fleet management solutions. The JV company operating out of Germany will focus on providing various solutions through an AIsupported platform. The company will be a key enabler for a zero-emission transport transformation. Both parties plan to invest over 20 million Euros in the next 36 months into these platforms. The addressable market size will be 150-250 Billion Euros by 2030, enabling OEM agnostic Mobility as a Service (MaaS) Solution. Target markets are Europe, the USA, India, and the Middle East, with Quantron and ETO Motors as the first customers.

GTL as a development partner, will provide the software and manage the integration of the customised platform. Quantron will utilise the digital platform as an enabler for its 360° ecosystem for its customers. The new software will enable an AI-driven SaaS-based platform to serve both as a transaction and customer-facing platform, featuring a User Interface, e.g., fleets’ performance measurement, etc. The JV has enough enquiries, including the partners’ fleets, where the beta version will be launched soon.

GTL will bring people, processes and technology together to solve complex business problems, and BI, analytics and sustainability solutions help customers succeed with data. GTL’s world-class IT Service offerings aim to deliver focused, flexible, and high-quality solutions at optimal costs, building trust-based relationships with customers and reducing time to value. GTL will be developing the platform’s Minimum Viable Product (MVP) in collaboration with Quantron.

Roadzen Inc. is a strategic partner in this JV to support a digital product portfolio to offer Insurance-as-a-Service (IaaS), Roadside Assistance & Extended Warranty modules. The JV would also cover the distribution, sale & commercialisation 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 JV focuses on the value addition the clients get from solutions, not just the solutions themselves.

Starting as a horse-drawn carriage business in 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.