The implied enterprise valuation of "QEV NV" is EUR209m, and approximately EUR23m in capital has been committed to the proposed transaction.

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.

The new inverter is an overhaul of the old design, making it better suited to commercial vehicle uses and more compliant with the latest cybersecurity requirements; that is according to Manuel Calero, Voith’s new vice president for E-Mobility who came into his role in February 2023.

The Federal Cabinet of Germany has allocated EUR 13.8 billion for E-Mobility funding from 2024 – 2027. The funding will target the advancement of electromobility, which includes the expansion of commercial vehicle charging infrastructure.

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.

This centre has begun testing semiconductors that the company manufactures at its factory in Dresden, Germany. The new facility houses 400 employees and includes office space, conference rooms and laboratories to ensure quality control in the manufacturing process.

The GTe14 is set to make its debut in the UK in the first quarter of 2024.

A ‘Volta Zero’ truck is operating from DSV’s southern hub in the town of Purfleet-on-Thames, carrying out last-mile deliveries in London and the southeast of England.

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.

The 'Argo Series' cab was reportedly designed from the ground up, taking into account over 14 years’ worth of customer feedback.

The ‘Mullen Three’ line will be gradually ramped up to a target of 3,000 units per year, with scope to double this figure by adding a second shift as electric vehicle demand increases.

With deliveries set for Q4 of 2023, the lithium-ion battery pack comes in two forms, the HV-90 (35 kWh) and HV-180 (70 kWh) and will serve both 400V and 800V applications. With a 25-year projected lifetime, the company claims these are the longest-lasting high-voltage batteries available on the market today.