Ballard and Neuman & Esser invest in Quantron
By Bradley Osborne - 25th September 2022
Germany / Canada – Quantron AG, an electrification specialist based in Gersthofen, Bavaria, announced it has raised EUR50m following the completion of its series A financing round. Investors in the company include plant manufacturer Neuman & Esser Group of Übach-Palenberg, North Rhine-Westphalia, and fuel cell systems supplier Ballard Power Systems Inc of Burnaby, British Columbia, Canada.
The three companies aim to develop a “Hydrogen Alliance”, involving partners from every link in the hydrogen supply chain, from production to distribution. By working together, the companies hope to deliver fuel cell-powered vehicles and a reliable supply of hydrogen fuel to customers as part of a single and complete service.
