NEUMAN & ESSER and Ballard invest in QUANTRON and establish a Hydrogen Alliance

As part of a financing round of Quantron AG totaling up to 50 million euros, the world's leading fuel cell expert Ballard Power Systems Inc. from Canada and the German hydrogen system specialist NEUMAN & ESSER are investing in Quantron AG.
With a company valuation of 250 million euros, NEUMAN & ESSER acquires a minority stake and secures an option for further investment. Through this, the machine and plant manufacturer underscores its commitment to this strategic partnership. Ballard Power is also acquiring a minority stake in the single-digit million range and is additionally entering into a development cooperation with QUANTRON for the accelerated market launch of fuel cell vehicles with up to 4 vehicles over the next 12 months.
Quantron AG is a specialist for battery- and hydrogen-electric commercial vehicles. With Quantron-as-a-Service (QaaS), it offers a 360-degree OEM-open ecosystem for its customers. The financing round serves to accelerate the development of further BEVs and FCEVs with a focus on Heavy Duty Trucks and to further expand the QaaS ecosystem together with QUANTRON's partner network. 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 refueling.