Ebusco has announced the acquisition of €22 million in debt financing to address a projected cash shortfall in early 2025. The financing comes from three entities, with €10 million each from Green Innovation International and Heights Capital, and €2 million from De Engh. This funding is aimed at continuing production and modifying reassigned buses as the company pivots to an Original Equipment Designer model to rationalize its production. The debt is due for repayment by August 2025, with options for loan conversions to shares, impacting the company’s future governance.
Ebusco has secured €22 million in debt financing through agreements with multiple entities to address its anticipated cash shortfall and manage production.
The breakdown of financing includes €10 million from Green Innovation, €10 million from Heights, and €2 million from De Engh, crucial for operational stability.
The loans must be repaid by August 15, 2025, and include options for loan conversion to shares, influencing future corporate governance.
CEO Christian Schreyer outlines a turnaround plan that shifts to an Original Equipment Designer model to rationalize production and enhance operational efficiency.
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