Quantron AG has announced a new joint venture called ROQIT at the Greentech Festival in Berlin.
The joint venture involves a collaboration with Goldstone Technologies (GTL), a leading Indian company for business intelligence, data, and analytics. The primary goal of the partnership is to develop a digital transaction platform that will serve as the digital backbone for Quantron-as-a-Service (QaaS) in the future.
Through the joint venture, Quantron AG and GTL aim to develop software solutions for the zero-emission fleet management market. These solutions will be independent of specific vehicle manufacturers, allowing them to be used across different brands. The objective is to enhance the efficiency and optimisation of zero-emission fleet management, promoting the broader adoption of sustainable transportation solutions globally.
Dr. Florian Herrmann, the Minister of State and Head of the Bavarian State Chancellery, emphasised the importance of artificial intelligence in the mobility sector. He stated that AI will play a crucial role in achieving future mobility goals, and the Free State of Bavaria has invested significantly in AI and other future technologies to create a supportive ecosystem. The collaboration between Quantron AG and Goldstone Technologies aligns with this agenda and aims to facilitate the widespread deployment of AI in the mobility sector.
The joint venture will have operations in Augsburg, Germany, and Hyderabad, India, with plans to expand to the United States by the third quarter of 2023. This expansion reflects the joint venture’s commitment to addressing the global demand for sustainable transportation solutions.
Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government, highlighted the collaborative efforts between Goldstone Technologies and Quantron AG. He emphasised that this joint venture demonstrates the global potential of Hyderabad’s IT industry and the state’s commitment to sustainable growth. The collaboration aims to develop innovative zero-emission solutions to meet the growing demand for clean and efficient transportation in India and worldwide.
The integrated platform developed by the joint venture will consist of five digital pillars: fleet management, insurance-as-a-service, hydrogen economy, greenhouse gas accounting (GHG quotas), and data insights. It will offer various software features, including fleet overview, driver management, journey information, geo-fencing, charging or refueling infrastructure management, smart navigator, carbon credit tracking, roadside assistance, reporting module, and a mobile driver app. The platform aims to provide a comprehensive range of services and transparency.
Pavan Chavali, Managing Director of GTL, highlighted the key features of the Digital Platform. It is Partner Agnostic, Modular, and OEM Independent. Chavali emphasised the growing market value of Data Insights, a crucial pillar of the platform, which is estimated to reach $71 billion globally by 2032. GTL’s contribution to the partnership will be providing data-backed analytics through their BI and Analytics Full Stack capabilities and service offerings, enabling customers to drive impactful change in their businesses.
The joint venture of GTL and Quantron AG already offers AI-supported solutions for fleet management to ensure sustainable and efficient operation of vehicle fleets. The demand for software-based efficiency and optimization solutions is particularly prominent in Europe, the United States, India, and the Middle East. The initial customers of this joint venture are Quantron AG and ETO Motors, an electric mobility solutions provider based in Hyderabad, India.
Michael Perschke, CEO of Quantron AG, expressed enthusiasm about the partnership with GTL and the opportunities it presents. He highlighted the significant market potential of Fleet Management, projected to exceed $70 billion by 2032, along with the Hydrogen Economy market, which anticipates over $320 billion in global investments by 2030. Perschke emphasised the opportunity within the Indian ecosystem, which will provide the necessary expertise to establish a strong presence in the global marketplace.