In a recent meeting on May 24th, 2023, Quantron AG’s supervisory board confirmed the company’s internationalisation strategy.
With an increasing demand for zero-emission transportation solutions, Quantron has already surpassed last year’s bid volume and secured over 70 concrete orders for its vehicles valued at €26.8 million since the beginning of the year.
Quantron has initiated the next round of capital increases and enlisted the support of Stifel as its lead financial advisor. This financing round aims to attract both equity and debt capital, with a focus on engaging institutional investors from the USA. Stifel’s expertise and extensive platform will aid Quantron in securing additional funding from European and American investors.
As part of its internationalisation strategy, Quantron unveiled its concept for the US market at the Advanced Clean Transportation (ACT) trade exhibition in California. The company showcased the prototype of its hydrogen-electric Class 8 truck, which is expected to have a range of approximately 750 to 850 miles with a 100kg hydrogen tank capacity.
The supervisory board expressed enthusiasm for Quantron’s current product development and status. The company will focus on the development and market launch of its 3-4 fuel cell core products, targeting markets in Europe, the USA, and the Middle East. Additionally, Quantron plans to accelerate the development of its hydrogen ecosystem and Quantron-as-a-Service (QaaS) in collaboration with more than 10 network partners. A key investor will be announced shortly.
Following the successful US truck launch, Quantron aims to actively expand its presence in at least 15 countries by the end of 2023. The company is confident it will achieve its growth targets for this year and solidify its position as a leading provider of zero-emission mobility.
“The successful launch of the US truck at the ACT Expo trade show in California is an important milestone for the internationalisation of Quantron. With the support of Stifel, we are confident that Quantron will achieve its growth targets for this year and continue to expand its position as a leading provider of zero-emission mobility.” said Klaus Schmitt, Quantron AG Supervisory Board Chairman.
“2023 has started really dynamically, three key events within four weeks in Augsburg, California and Munich have given us an offer volume in the triple-digit million euro range. The team has done a great job and the dynamic product experience has given our customers confidence in our technology leadership.” continued Andreas Haller, founder and Executive Chairman of Quantron AG.
