The software is set to debut in select markets in late 2025, with full commercial rollout anticipated by early 2026. Delivered through a Software-as-a-Service (SaaS) model, the platform allows businesses to subscribe based on fleet size and feature requirements.

This renewable energy primarily powers the plant's operations, reducing the company's reliance on external energy sources and thereby decreasing its carbon footprint.

Net revenue was USD 31.3 million in 2024, an increase from USD 22.1 million in 2023. The increase was driven by higher vehicle and spare parts sales, especially in the U.S. market, where sales surged from USD 0.4 million in 2023 to USD 19.3 million in 2024.

The investment is scheduled for the fourth quarter of FY2025-26 and is aimed at supporting the ongoing capital expenditure and growth plans of Switch Mobility.

Hübner is actively exploring opportunities to deploy its hydropneumatic suspension system in electric commercial vehicles, with ongoing discussions taking place with bus manufacturers to incorporate the technology into future vehicle platforms. Meanwhile, the company will jointly showcase a demonstrator truck with this new airless suspension system at the next IAA 2026.  

The company says this move to unlock value from non-core assets is consistent with Rane Holding Ltd’s strategic objective of streamlining operations and strengthening financial performance.

The company says it has initiated cost cutting measures to decrease its expenses by approximately 55% to an average of USD2.7m per month, with the aim of maintaining the business as a going concern beyond the next twelve months.