Quantron AG, a German provider of electric commercial vehicle solutions, has announced the continuation of its operations through the end of 2024, following the initiation of provisional insolvency proceedings. The company has also begun a structured process to identify a potential investor for reorganization.
Provisional insolvency administrator Constantin Graf Salm-Hoogstraeten, representing the restructuring law firm BBL, confirmed that approximately 40 employees would maintain operations. Funding has been secured to cover wages for October, November, and December, ensuring the company can continue its activities during the transition.
According to Salm-Hoogstraeten, any goods ordered with the administrator’s approval will be paid for in full to maintain supplier relationships. A structured sales process is underway, with an investor-supported transfer seen as the most practical solution.
The consultancy firm MMA Raab und Kollegen has been appointed to identify and approach potential investors domestically and internationally. Preparations for a possible asset transfer are progressing, with the goal of completing the restructuring process by the end of the year.
Quantron’s employees are actively supporting the restructuring efforts. Salm-Hoogstraeten noted, “Quantron has very committed employees who continue to stand by the company and will assist in the ongoing restructuring efforts.”
Founded in 2019, Quantron initially focused on retrofitting vehicles for electrification before transitioning to a platform-based model for electric commercial vehicles. The company’s approach emphasized creating an ecosystem for electrified fleets rather than manufacturing vehicles directly.
Financial difficulties escalated in recent months, leading to the company’s provisional insolvency filing in October 2024 after a failed financing round. The Augsburg court has yet to decide on formally opening insolvency proceedings.
Quantron’s management and restructuring team remain focused on stabilizing operations and securing investor interest to ensure the company’s future in the electric commercial vehicle market.
