neuman & esser and ballard invest in quantron

Quantron has successfully closed an A-financing round of up to 50 million euros after a seed round in March 2021. Investors include German machinery and equipment manufacturer Neuman & Esser and Canadian fuel cell technology group Ballard Power Systems.

The fresh funds will be used to accelerate the development of further BEVs and FCEVs with a focus on heavy-duty trucks. Together with Quantron’s partner network, the QaaS (Quantron-as-a-Service) ecosystem, an OEM-open ecosystem, is also to be further expanded. “In the future, the Hydrogen Alliance will provide customers with a 360-degree open platform that, in addition to zero-emission H2 vehicles, will also include the associated infrastructure ranging from H2 generation through to refuelling,” Quantron writes.

At a company valuation of 250 million euros, Neuman & Esser is acquiring a minority stake. The amount of this is not mentioned in a press release. In addition to the current minority stake, the German company has secured an option for another investment.

Ballard Power is also acquiring a minority stake, to which Quantron states that it is an investment in the single-digit million range. In addition, the Canadian company is entering into a development cooperation with the company. Ballard’s investment is to support the development of fuel cell vehicle platforms under a Joint Development Agreement. The target is four platforms over the next twelve months. Ballard will be Quantron’s exclusive fuel cell supplier for these truck platforms.

As part of the Hydrogen Alliance, Neuman & Esser will provide the necessary infrastructure, particularly from electrolyzers and reformer technologies, as well as piston and diaphragm compressors for transport and storage, to complete hydrogen refuelling stations and filling facilities.

As an important partner of the Hydrogen Alliance, Deutsche Tamoil / HEM is the first filling station operator to join, according to the statement. In cooperation with Quantron, it will be examined to what extent H2 filling stations can be realised along the more than 400 HEM filling stations. The sites are to be upgraded in a staggered process.

“We are committed to providing our customers with the best possible solutions. The successfully concluded financing round gives us the necessary scope to further develop our Fuel Cell vehicle development, while at the same time consolidating our partner network required for this purpose,” says Michael Perschke, CEO of Quantron. “Positioned in this way we can optimally meet the needs of our customers, including range, payload and refueling time. However we don’t see ourself as a competitor to existing OEMs – but rather as an engineering and H2-fueling platform partner thus allowing the acceleration of hydrogen adoption as a source of energy for transportation with a focus on heavy duty and long distance transportation.”

“In order to meet the growing demand for hydrogen in this sector, through our strategic partnership we can combine infrastructure know-how with fuel cell vehicle technology in order to create an ecosystem,” adds Alexander Peters, Managing Partners of Neuman & Esser. “This gives the increasing number of customers access to a fully integrated mobility platform.”

Quantron was founded in the summer of 2019 by Iveco contract partner and commercial vehicle specialist Haller. As part of its strategic reorientation as an OEM of its own buses, the company will stop selling buses from Turkish manufacturer Karsan in Germany at the end of the year. Although Quantron is increasingly becoming a full-range supplier of electric commercial vehicles, the area of converting vehicles remains an important part of the business.

With reporting by Domenico Sciurti, Germany.

Keyword: Neuman & Esser and Ballard invest in Quantron

CAR'S NEWS RELATED

Best cars for a 'Love Bug' remake

Tennessee’s Yard Art The Thorndyke Special The Hot Rod The Hippie Van Jim’s Lamborghini Growing up, it’s safe to say my absolute favorite movie was Disney’s “The Love Bug.” As a kid living in a world before Pixar’s “Cars,” it was pretty much the best car movie. I loved ...

View more: Best cars for a 'Love Bug' remake

Audi timing belt tensioner prompts Utah bomb squad visit

An aftermarket timing belt tensioner found in a Salt Lake City apartment prompted a visit from the bomb squad this week after it was mistaken for a potential explosive device. Police partially evacuated the apartment complex in which it was found “out of an abundance of caution” and called ...

View more: Audi timing belt tensioner prompts Utah bomb squad visit

2023 GMC Sierra HD 2500 and 3500 will get more expensive

GMC Sierra HD pickups are about to get more expensive again after recently becoming more expensive, according to GM Authority. In July, GMC and Buick raised the prices on certain vehicles in their lineups anywhere from $975 to $1,675 by making the previously optional OnStar a standard feature. Next ...

View more: 2023 GMC Sierra HD 2500 and 3500 will get more expensive

Our week with EVs: Recapping the diverse collection of electric cars we tested

Mercedes-Benz EQB First Drive Review: Next electric Benz is a little different 2022 Chevy Bolt EV Road Test Review: Time to play EV, gas or airplane 2023 Genesis GV60 Road Test Review: The third of Hyundai Group’s E-GMP EVs is the fastest, but softest It may be hard to ...

View more: Our week with EVs: Recapping the diverse collection of electric cars we tested

Europe car sales lowest since 1996 after 12-month decline

BERLIN – Europe registered the lowest number of new passenger cars in the month of June this year since 1996 at just over 1.06 million vehicles, with some carmakers seeing sales drop by nearly 50%, data from Europe’s automobile association showed on Friday. Volkswagen Group was the hardest-hit major ...

View more: Europe car sales lowest since 1996 after 12-month decline

More Than Just A Carmaker: Toyota Motor PH Launches Toyota Mobility Solutions

Automotive industry leader, Toyota Motor Philippines Corporation (TMP) inaugurated today Toyota Mobility Solutions Philippines, Inc. (TMSPH), a wholly owned subsidiary that will be a provider of mobility-related services. TMSPH ventures into the development and offering of a range of ‘new mobility solutions’ that will enhance Toyota as a brand ...

View more: More Than Just A Carmaker: Toyota Motor PH Launches Toyota Mobility Solutions

'F1 22' feels fast and familiar | Gaming Roundup

‘F1 22’ impressions ‘Construction Simulator’ is launching Sept. 20 Autoblog may receive a share from purchases made via links on this page. Pricing and availability are subject to change. This week in racing game news: ‘F1 22’ impressions At its core, “F1 22,” the latest installment in the F1 ...

View more: 'F1 22' feels fast and familiar | Gaming Roundup

Watch a single-engine plane crash-land on 91 Freeway in California

A single-engine Piper Cherokee airplane was forced to crash land on the 91 Freeway in California after losing power about 45 minutes outside of Los Angeles. Yes, that means this was a very busy highway, practically bursting at the seams with traffic. No, amazingly nobody died, either in the ...

View more: Watch a single-engine plane crash-land on 91 Freeway in California

Ford files 'Mustang Dark Horse' trademark application

Make adventures more comfortable with high-quality Jeep grab handles

New Lucid Air variant to debut & Stealth Look to be on display during Monetary Car Week

Chevy offers incentives to prevent Corvette Z06 flipping

Average U.S. gas price falls below $4/gallon

German court: SUV driver must pay more than a car for running red light

Australian vehicle crash tests to include underwater performance

Toyota C-HR rumored to get revamp next year and an EV version

Geely's electric Zeekr 009 is an EV Alphard we never had; 700 km, 542 PS, top speed 190 km/h

A Newey, Brawn and Anderson row that shows F1 doesn’t change

Sorry, EV buyers, you won't get to pick your own pedestrian safety sounds

There won't be enough copper to meet climate goals, study indicates

OTHER CAR NEWS

;
Breaking thailand news, thai news, thailand news Verified News Story Network