Quantum Volts CEO Lawrence Oei announced that it has signed a Memorandum of Understanding with Kray Chong, founder of Emergence Innovative a Malaysia-based company that develops, manufactures, deploys, and maintains EV chargers. Subject to the satisfaction of various closing conditions, both companies will form a strategic partnership for business development opportunities, sales support, technology share window, with work leading towards a potential joint-venture.
Since its founding in 2019, EI has been engaged in designing, manufacturing, and deploying its AC/DC charging solutions in both private and commercial sites across various cities in Malaysia. The company has released several innovative charging products for EVs, including the development of OCPP-compliant command and payment suite.
Quantum Volts jointly seeks to integrate its proprietary web 3.0 technology platform Kloutsuite into the business equation. EI's products have been selected for numerous prestigious condominiums, and commercial office premises, including Sunway group and have been praised by local authorities for their innovation and superb reliability and safety features.
With this partnership, Quantum Volts seeks to synergise its business expertise with EI, which has cultivated know-how in charging product designs, including proprietary charge-safe technology and payment APIs. This move will aid both companies in the development of distinctive products to effect a multi-modal charging and swapping ecosystem solution in both countries and beyond.
While making the most of the business foundations and networks of both companies, both parties aim to develop professional solutions involving wired, wireless, and swapping mode of vehicle electrification, which is expected to expand in the future.
