Altogether, the bus and coach group will raise gross proceeds of approximately USD444m through the refinancing plan.

The two companies are working together to launch trials of Plus’s Level 4 autonomous Iveco trucks, together with “smart road infrastructure”, in the Australian state of Victoria. 

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.

Jon Lind has been appointed as the new CEO of the company, effective September 1, 2023. Lind brings over 25 years of experience in executive management. Most recently he was the CEO of CTEK, a Swedish EV charging equipment manufacturer.

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.

Called ‘Turnkey Solutions’, the new service pairs signed-up customers with their local Volvo Trucks dealer, who will help them to set up their own charging infrastructure.

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.

11,174 units were registered in total, making for a fifth consecutive quarter of growth, according to statistics published by the Society of Motor Manufacturers and Traders (SMMT).

Schaeffler’s specially designed bipolar plates provide a power density of 4.6 kW per litre of fuel cell volume, 20% greater than the company’s previous generation of plates.

The new headquarters has been partly funded by the UK government, venture capital firms and a GBP 12 million grant from the Advanced Propulsion Centre.

The company has unveiled its new hinged high-voltage connectors for heavy-duty electric vehicle charging, which increase cable-to-connector stability in high-voltage applications, thereby increasing performance, reliability and safety for users and operators.