As of late 2024, Ebusco faces critical financial challenges as it implements a Turnaround Plan, transitioning to become an Original Equipment Designer with outsourced production by Q1 2025. After nearly becoming insolvent, the company is under pressure to meet production targets. Ebusco has previously invested in innovative bus models like the Ebusco 3.0, promising energy efficiency. They went public in 2021 aiming to use proceeds from their IPO for international expansion. However, their future remains uncertain as they navigate significant operational changes.
Ebusco, after narrowly avoiding insolvency, faces a critical juncture as it transitions to an OED model with outsourced production by Q1 2025.
CEO Christian Schreyer stated, 'We will not do any assembling in-house after Q1 2025', highlighting the company’s shift to an original equipment designer strategy.
Ebusco launched the 3.0 model focusing on energy efficiency and range, intended for operation in the Netherlands in early 2022, marking their innovation efforts.
The IPO aimed to raise approximately €300 million to fund investments for international expansion and growth strategy, crucial for Ebusco's financial recovery.
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