Goldstone Technologies Limited (GTL) is partnering with Quantron AG, a German e-mobility major, to establish a Joint Venture to address the high potential Fleet Management market, valued at around $70 Bn/INR 5.8 Lakh Crores by 2032. In an event at Hyderabad, the Joint Venture was announced which would headquartere from Augsburg in Germany and Hyderabad and has also drawn out a plan to set up a US entity by Q3 2023, capitalising on the burgeoning global electric mobility market and Hydrogen Economy.
The GTL + Quantron JV is already poised to revolutionize fleet management with its AIsupported solutions for sustainable integrated operations, catering to the demand in Europe, the USA, India, and the Middle East. By focusing on zero-emission transport, the JV aims to offer OEM-agnostic Mobility as a Service (MaaS) solutions, addressing efficiency and digitalization challenges. With their combined expertise, the company is well-positioned to shape a cleaner and more efficient future for mobility and logistics. The JV's transaction platform will provide diverse digital solutions to fulfil the needs of zero-emission fleets.
Speaking on the occasion, Mr. Michael Perschke, Member of the Board & Chief Executive Officer of Quantron AG said, "We are looking forward to this Partnership with GTL in a bid to address the Fleet Management markets which is projected to exceed $70 Bn by 2032, combined with the Hydrogen Economy markets that anticipates over $320 Bn in global investments by 2030. The Indian ecosystem also present a huge opportunity in this area, which would provide us the necessary expertise to make inroads into the global marketplace."
The key differentiator would be one integrated platform across 5 Digital Pillars, namely Fleet Management, Insurance-as-a-service, Hydrogen Economy, Greenhouse Gas Accounting and Data Insights. Having already onboarded Quantron and ETO Motors as clients, GTL will provide the software expertise and oversee platform integration, while Quantron will utilize the digital platform in its 360° ecosystem. The software features a Fleet Overview Dashboard, Driver Management, Trips Information, Geofencing, Charging or Re-fuelling Infrastructure Administration, Smart Navigator, Carbon Credits Tracking, Roadside Assistance, Reports Module, and Driver Mobile App.
"The factors that distinguish this Digital Platform are that it is Partner Agnostic, Modular and OEM Independent. Data Insights, which is a crucial pillar, is estimated to reach a global market value of $71 Bn (INR 5.9 Lakh Crores) by 2032. Our contribution to this partnership will be to help customers drive impactful change through data-backed analytics to enhance their business through BI and Analytics Full Stack capabilities and Service Offerings.", said Pavan Chavali, Managing Director, GTL.
By catering to the demand in key global markets, the company is driving the transition towards sustainable transport and offering versatile OEM-agnostic Mobility as a Service (MaaS) solutions. With GTL's software expertise and Quantron's comprehensive ecosystem, the digital platform delivers a wide range of features and modules to fulfil the diverse needs of zero-emission fleets. As investments in sectors like fleet management, hydrogen economy and data insights continue to grow, the JV is strategically positioned to capitalize on these emerging opportunities and bring significant industry advancements.
Shares of Goldstone Technologies Limited was last trading in BSE at Rs. 63.35 as compared to the previous close of Rs. 65.53. The total number of shares traded during the day was 12139 in over 209 trades.
The stock hit an intraday high of Rs. 66.25 and intraday low of 63.21. The net turnover during the day was Rs. 778441.00.