Hyderabad-based tech firm, German e-mobility major forge JV for sustainable fleet management solutions – Times of India
HYDERABAD: Goldstone Technologies Limited (GTL), a full-stack BI, data analytics and IT services consulting player based out of Hyderabad, on Friday said it is setting up a joint venture (JV) company with German e-mobility major Quantron AG. The JV will operate out of Augsburg, Germany, and Hyderabad, with plans also afoot to set up a US entity in the third quarter of 2023.
The JV will focus on providing sustainable integrated fleet management solutions to mobility and logistics companies through an AI-supported platform. GTL said the JV will drive zero-emission transport transformation by offering OEM agnostic mobility as a service (MaaS) with an addressable market size of Euro 150-250 billion by 2030.
The 50:50 JV is targeting markets such as Europe, US, India, and the Middle East with Quantron, and Hyderabad-based ETO Motors, in which Goldstone Technologies is an investor, as their first customers. The JV partners plan to invest over Euro 20 million in the next 36 months into the platform.
GTL said that as a development partner it will provide software and manage the integration of the customised platform, while Quantron will utilise the digital platform as an enabler for its 360-degree ecosystem for its customers. The new software will enable the AI-driven SaaS-based platform to serve both as a transaction and customer-facing platform. GTL will develop the minimum viable product (MVP) of the platform in collaboration with Quantron.
The JV will focus on providing sustainable integrated fleet management solutions to mobility and logistics companies through an AI-supported platform. GTL said the JV will drive zero-emission transport transformation by offering OEM agnostic mobility as a service (MaaS) with an addressable market size of Euro 150-250 billion by 2030.
The 50:50 JV is targeting markets such as Europe, US, India, and the Middle East with Quantron, and Hyderabad-based ETO Motors, in which Goldstone Technologies is an investor, as their first customers. The JV partners plan to invest over Euro 20 million in the next 36 months into the platform.
GTL said that as a development partner it will provide software and manage the integration of the customised platform, while Quantron will utilise the digital platform as an enabler for its 360-degree ecosystem for its customers. The new software will enable the AI-driven SaaS-based platform to serve both as a transaction and customer-facing platform. GTL will develop the minimum viable product (MVP) of the platform in collaboration with Quantron.
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