Augsburg-based Quantron has embarked on a B-financing round as part of its ambitious plans to strengthen its global orientation. The company, which aims to revolutionize road freight transport through electrification, is actively seeking equity investments ranging from 200 to 250 million euros, along with growth financing of 100 million euros. This strategic move has led Quantron to turn its attention to investors in the United States and Canada.
With an emphasis on a platform strategy that utilizes fuel cell trucks and their entire ecosystem, Quantron has garnered significant interest from both strategic investors and financiers in the energy sector. While the precise timeline for the completion of the B-financing round has not been disclosed by the company, it underscores Quantron’s commitment to expanding its operations on an international scale.
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Notably, the recent A-financing round occurred just last year, in September 2022. During this round, Quantron secured funding of up to 50 million euros, with participation from notable investors such as German machinery and equipment manufacturer Neuman & Esser and Canadian fuel cell technology group Ballard Power Systems. Before that, Quantron had successfully concluded seed rounds with a closing date in March 2021.
Looking ahead to the upcoming B-financing round, Quantron highlights the pivotal role that the United States and Canada will play in its future business strategy. As part of this strategic focus, the company established a subsidiary in the USA in October 2022, dedicated to hydrogen solutions for long-haul transport. In May of this year, Quantron unveiled its US Class 8 H2 truck designed specifically for the US market at the Advanced Clean Transportation Expo in Anaheim, California.
In addition, Quantron has announced the launch of a joint venture named Roqit with Goldstone Technologies. However, specific financial or shareholding details of the joint venture have not been disclosed. Roqit will concentrate its efforts in Canada and the USA, with the aim of creating an AI-supported fleet and a zero-emission platform. Quantron positions Roqit as a vital component of its North American Quantron-as-a-Service (QaaS) capability, which encompasses fleet management, insurance-as-a-service, hydrogen economy, greenhouse gas accounting, and data insights.
Quantron’s expansion plans align with its overarching objective to become a global leader in hydrogen (H2) vehicles and offer an OEM-independent ecosystem. The company plans to deliver fuel cell electric vehicles (FCEVs) in early 2024 in both Europe and North America, underscoring its commitment to advancing zero-emission transportation solutions.
“Quantron has been building a robust ecosystem for Quantron-as-a-Service with our US Class 8 hydrogen fuel-cell truck and the FirstElement Fuel hydrogen supply and distribution alliance,” remarked Michael Perschke, Global CEO of Quantron AG, during the Collision Conference in Toronto. “Together, Quantron is meeting the growing demand for zero-emission solutions, specifically hydrogen fuel-cell electric semi-trucks, in North America. Our FCEV approach offers superior range, scalability, and support infrastructure. As clean air standards for heavy-duty vehicles and zero-emission technologies gain momentum, the need for our solutions will only continue to grow. We are thrilled to address these pressing needs.”