Partners to invest Euro20m in 36 months on new platforms
India-based Goldstone Technologies Limited (GTL) is setting up a Joint Venture Company with German e-mobility major, Quantron AG, with plans to set up a US entity in Q3 2023 while working on OEM agnostic plan in India.
Both parties are planning to invest over Euro20 million in the next 36 months on new platforms.
The JV, operating out of Augsburg, in Germany, and Hyderabad, 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.
It will be focusing on providing various solutions through an AI supported platform, said GTL in a release on 25 Apr 2023.
GTL and Quantron by developing this platform will be serving a market which is under serious requirement of sustainable integrated solutions for mobility and logistic companies for their fleet management solutions.
The new company will be a key enabler for a zero-emission transport transformation.
The addressable market size will be between Euro150-250 billion 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 and 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 for e.g., the performance measurement of fleets, 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, thereby building trust-based relationships with customers and reducing time to value.
GTL will be developing the Minimum Viable Product (MVP) of the platform, in collaboration with Quantron. fiinews.com
