Netherlands – Last month electric bus builder, Ebusco Holding NV, based in Deurne, held a meeting to announce several important strategic decisions aimed at addressing its financial (cash flow) and operational challenges. The company revealed plans to raise up to EUR 36 million through a rights issue, allowing existing shareholders to purchase additional shares. This capital injection is part of Ebusco's broader turnaround plan, designed to improve its financial performance and operational reliability.

The meeting also introduced a proposal to consolidate its shares, where five existing shares would be merged into one. This consolidation aims to stabilise the stock price and improve trading liquidity. Additionally, Ebusco recently appointed Erland Morelissen as its new Chief Commercial Officer (CCO) to help steer the company through its recovery. These measures are part of the company's strategy to address its significant losses in the first half of 2024, where it faced operational delays and inefficiencies, particularly with its Ebusco 3.0 model​.