TL;DR:
- QUANTRON and Goldstone Technologies announce their joint venture named ROQIT at the Greentech Festival.
- The partnership aims to develop a digital transaction platform for Quantron-as-a-Service (QaaS) and AI-driven solutions for zero-emission fleet management.
- The joint venture will operate from Augsburg, Germany, and Hyderabad, India, with plans to expand globally.
- Government officials highlight the potential of AI in the mobility sector and the role of international collaboration in addressing global challenges.
- ROQIT’s integrated platform offers fleet management, insurance-as-a-service, hydrogen economy, greenhouse gas accounting, and data insights.
- Pavan Chavali, Managing Director of GTL, emphasizes the partner-agnostic and modular nature of the digital platform, along with the growing market value of data insights.
- The joint venture already provides AI-supported fleet management solutions and targets markets in Europe, the United States, India, and the Middle East.
- QUANTRON AG and ETO Motors are the initial customers benefiting from the joint venture’s offerings.
- Michael Perschke, CEO of Quantron AG, sees tremendous opportunities in the fleet management and hydrogen economy markets, with India playing a crucial role.
Main AI News:
The cutting-edge field of fleet management is about to experience a groundbreaking transformation as QUANTRON, a trailblazer in sustainable passenger and goods transport, and Goldstone Technologies (GTL), a prominent Indian business intelligence, data, and analytics company, join forces to establish an innovative joint venture called ROQIT. This momentous collaboration will be officially unveiled at the prestigious Greentech Festival held in Berlin from June 15th to 16th.
Quantron AG, known for its expertise in clean tech, is diversifying its portfolio by introducing this new line of business at the renowned Greentech Festival. The primary objective of the ROQIT joint venture is to develop a robust digital transaction platform that will serve as the cornerstone for Quantron-as-a-Service (QaaS) in the future. Furthermore, the partnership will focus on creating AI-driven software solutions for the rapidly expanding zero-emission fleet management market, ensuring their compatibility with vehicles from various manufacturers.
Dr. Florian Herrmann, Minister of State and Head of the Bavarian State Chancellery, recognizes the immense potential of AI in the mobility sector, stating, “The realization of future mobility depends on the widespread implementation of AI. By harnessing AI-based efficiency and optimization solutions, we can achieve global zero-emission solutions. The Free State of Bavaria is committed to investing €5.5 billion in emerging fields such as AI, quantum technology, and CleanTech through the High-Tech Agenda. This robust ecosystem creates the ideal conditions for the forward-looking collaboration between QUANTRON and Goldstone Technologies, facilitating the extensive integration of AI in the mobility sector.“
The operational headquarters of the joint venture will be situated in Augsburg, Germany, and Hyderabad, India. In the third quarter of 2023, a facility in the United States will be established to cater to the global market’s demand for zero-emission solutions.
Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government, expresses his confidence in the collaboration, stating, “The joint venture between Goldstone Technologies and Quantron AG signifies Hyderabad’s IT industry’s global potential and the state’s commitment to sustainable growth. We firmly believe that this partnership will drive the development of innovative zero-emission solutions to meet the escalating demand for clean and efficient transportation in India and worldwide. The collaboration between GTL and Quantron AG exemplifies how international cooperation can yield inventive solutions to tackle global challenges.“
The integrated platform offered by ROQIT will encompass five core digital pillars: fleet management, insurance-as-a-service, hydrogen economy, greenhouse gas accounting (GHG quotas), and data insights. Among its impressive array of features, the software includes a fleet overview dashboard, driver management tools, journey information tracking, geo-fencing capabilities, charging and refueling infrastructure management, a smart navigation system, carbon credit tracking, roadside assistance, reporting modules, and a mobile driver app. No other digital solution currently available in the market offers such an extensive range of services and transparency.
Pavan Chavali, Managing Director of GTL, highlights the unique aspects of this Digital Platform, emphasizing its partner-agnostic nature, modular design, and independence from original equipment manufacturers (OEMs). Chavali further adds, “Data Insights, a crucial pillar of our platform, is projected to reach a global market value of $71 billion (INR 5.9 lakh crores) by 2032. Our contribution to this partnership lies in leveraging data-backed analytics to drive impactful change for our customers. Through our comprehensive capabilities in business intelligence and analytics, we aim to empower businesses with insightful data-driven decisions and a wide range of service offerings.”
The joint venture between GTL and QUANTRON already delivers AI-powered solutions for fleet management, enabling sustainable and efficient operations. The demand for software-driven efficiency and optimization solutions is particularly evident in Europe, the United States, India, and the Middle East. Notably, QUANTRON AG and ETO Motors from Hyderabad, India, are the first customers to benefit from the joint venture’s offerings.
Michael Perschke, CEO of Quantron AG, expresses his enthusiasm for the partnership, stating, “We eagerly anticipate collaborating with GTL to penetrate the burgeoning Fleet Management market, projected to exceed $70 billion by 2032, and capitalize on the extensive global investments of over $320 billion in the Hydrogen Economy by 2030. The Indian ecosystem presents a significant opportunity in this realm, providing us with the necessary expertise to make significant strides in the global marketplace.”
Conclusion:
The QUANTRON and Goldstone Technologies joint venture, ROQIT, signifies a significant step toward revolutionizing the fleet management market. With their focus on developing a digital transaction platform and AI-driven solutions for zero-emission fleet management, the collaboration is poised to address the growing demand for sustainable transportation. The integration of advanced technologies, such as AI and data analytics, combined with the joint venture’s international presence, will drive innovation and create new opportunities in markets worldwide. This strategic partnership sets the stage for a transformative era in fleet management, fostering efficiency, sustainability, and global market growth.
