Quantron is in provisional insolvency proceedings: not sure business will continue

Augsburg-based zero-emission vehicle manufacturer Quantron has been in provisional insolvency proceedings since the beginning of this week. The company has just released an official note about it, even though rumors had emerged in the last few days.

Quantron is currently exploring “opportunities to successfully continue business operations”, as stated in the note. More into details, the Augsburg Local Court has appointed lawyer Constantin Graf Salm-Hoogstraeten from the restructuring law firm BBL as provisional insolvency administrator for the company’s assets. Together with his team, he will now analyze the company’s situation.

Quantron’s insolvency: administrators are evaluating the situation

“We first need to get a precise picture of the figures and the situation on the ground before we can make any reliable statements about the company’s chances of continuing as a going concern,” said Salm-Hoogstraeten. His team is currently also examining the possibility of organizing pre-financing of insolvency benefits for the employees.

As we wrote here, Quantron’s founder, Andreas Haller, is in rehabilitation following his recent heart attack in September 2024. The company is currently managed by Beate Reimann, Chief Financial Officer, Rene Wollmann, Chief Technology Officer, and Denis Muratov, Chairman of the Supervisory Board and “Interim CEO”.

Founded in 2019 as a spin-off of the Haller Group, Quantron currently employs about 90 people.