Middle East News 247
Business

Electromin and QUANTRON expand their business with a strategic long-term distribution partnership in Saudi Arabia

Riyadh, Saudi Arabia, November 07, 2022

Electromin, an eMobility turn-key solutions company wholly owned by Petromin Corporation (“Petromin”), a leading mobility solutions provider in the Kingdom of Saudi Arabia, has entered a strategic partnership with pioneers in sustainable e-mobility, Quantron AG.

The strategic partnership between Electromin and Quantron was formalized on the opening day of the EV Auto Show, Saudi Arabia’s first ever EV Auto Show, held in Riyadh from November 1-3. Electromin, the e-mobility arm of Petromin Corporation, were the Title Sponsors of the event which was staged at the Prince Sultan Hall in AlFaisaliyah Hotel

This collaboration will bring forth Electromin’s expertise in the entire e-mobility ecosystem, coupled with Quantron AG’s industry capabilities and presence, in the automotive value chain and position globally as a partner to existing OEMs.

EV Auto Show Riyadh will exhibit advance solutions and products, offered by several organizations that are changing the face of e-mobility in Saudi Arabia. Electromin, as one of the leading e-mobility companies, is offering bespoke and future-proof solutions for private residences, workplaces, and public spaces, to enable the e-mobility evolution for everyone at every touchpoint.

Built upon 140 years of experience, Quantron AG creates holistic service solutions to achieve Zero emissions with real positive environmental impact for people and goods – in particular for trucks, buses, and vans with fully electric powertrains and H2 fuel cell technology.

As a high-tech spinoff of the renowned Haller KG, the German company combines over 140 years of commercial vehicle experience with state-of-the-art e-mobility know-how.

Quantron AG also offers innovative mobility solutions for environmentally friendly goods and passenger transport. The Augsburg-based company not only supplies numerous customers with battery- and hydrogen-electric commercial vehicles for the long-term reduction of C02 emissions, but also offers a 360° product & solution ecosystem around zero-emission mobility with Quantron-as-a-service.

Electromin is a technology led e-mobility solutions provider providing a complete turnkey solution from in depth consultation through to ongoing network operation and maintenance. Electromin works with private individuals, businesses and governments across the Middle East and is creating a public charging network that offers a seamless charging experience for EV drivers.

Commenting on the partnership, Mr. Kalyana Sivagnanam, Group CEO of Petromin said, “QUANTRON has appointed Electromin as a distributor for the QUANTRON QARGO 4 EV light truck in KSA as well as a feasibility for other last mile vehicles.

“With time, this agreement will be extended to include other emission-free products, based on market suitability and requirements.  This is the start of a bigger partnership as we are also exploring other avenues of mutual interest to strengthen this alliance.

“At Petromin, we strongly believe in sustainability and are guided by our principals of responsible corporate citizenship. Two years ago, we embarked on an exciting journey with an ambitious goal to transform our storied successful company, from primarily a premier lubricant manufacturer and operator of the largest network of quick service facilities, to a world class automotive technology, advanced mobility, and avant-garde transportation solutions company. As part of that journey, we introduced Electromin, a technology driven, turn-key e-mobility solutions provider that is now leading the electrification of the Kingdom and GCC.”

Based on its strategic partnership with Electromin, Michael Perschke, CEO of Quantron AG added, “QUANTRON is a very successful player in Europe by being technology agnostic and offering BEV and FCEV solutions to our clients to enable them on their journey to become zero-emission transport, solution providers and most recently launched at the IAA in Hannover the European H2 Range Champion with the QHM FCEV and up to 116 KG Hydrogen on board.”

Andreas Haller, Chairman of the QUANTRON board and founder added: “We explored international growth and KSA was one of our key markets. In Electromin and the Petromin Corporation we discovered a huge overlap in our strategy and vision and decided to join forces. We look forward to building a unique skill set together for zero-emission solutions in KSA.””

The collaboration between the two companies will include the promotion, distribution, and servicing of Quantron AG products in Saudi Arabia with an initial focus on BEV last mile vehicles – the QUANTRON QARGO 4 EV light truck.

Strategic ambitions between both companies will be further explored. The distribution agreement is just the first step on a journey, where both companies will bring their complementary skills to the table to become game changers in KSA.

Related posts

SHUAA completes the LBO of Allianz Marine and Logistics Services with USD 160 million SOFR-based acquisition finance facility from NBF and APICORP

Editor - CL

Oman state oil firm to sell assets to fund US$7.9bn spending

Editor - PK

Uber losses widen to $509m in Q2 as company spends to retain drivers

Editor - CL