Now, in an attempt to plug the hole in the budget sheet by producing more buses and therefore fulfilling orders, the company is re-introducing the use of contract manufacturing through assembly partners in China to aid the main factory in Deurne.

Michiel Peters will be joining founder and co-CEO Peter Bijvelds who will focus on corporate strategy rather than product development.

The Ebusco 3.0 18-metre articulated city bus is designed for urban and regional transport operations and has a capacity for 150 passengers. It is powered with a choice of cobalt-free LFP 350+ and 500+ kWh battery packs, offering a range of up to  700 km.

The European e-bus market gathered in Bonn, Germany to test drive several OEM’s new electric bus (some articulated) offerings. T&BB was in attendance as we gathered at the Stadtwerke Bonn bus depot to begin comparison testing.

In an attempt to generate operational capital, the Board approved plans for an accelerated book-build offering of newly issued ordinary shares at an extraordinary general meeting on 29 January 2024.

Ebusco is set to supply Italian central purchasing organisation Consip*, with 250 of its low-floor suburban Ebusco 2.2 12-metre electric buses, marking a milestone first order in the Italian market.

Ebusco is set to supply another twenty Ebusco 2.2 12-metre buses to Belgian transport operator Multiobus. The company also confirmed that the framework agreement signed last year with Deutsche Bahn will be extended until 2026.

The company posted revenues of EUR 41.7 million in H1 2023. Ebusco’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) was EUR - 43.5 million leading to an overall loss of EUR - 35.8 million.

Ebusco announced it has signed a framework agreement with Frankfurt Airport operator Fraport to deliver four twelve-metre-long Ebusco 3.0 buses, marking the first time an Ebusco vehicle will be used at an airport.

In the first half of 2023, Ebusco delivered fewer buses than expected and the penalties for delays impacted the financial performance of the company. This was due to supply chain disruptions and labour shortages.

Ebusco’s Management Board now consists of Peter Bijvelds (CEO), Jurjen Jongma (CFO) and Bob Fleuren (COO). 

Ebusco announced it is to supply German public transport operator Südwestdeutsche Landesverkehrs GmbH (SWEG) with another 25 Ebusco 2.2 12-metre buses after the same company ordered 10 last year which are now in operation.