Shareholders-backed 5.1m loan aims to keep Ebusco's bus deliveries on schedule - Sustainable Bus

"The facility, extended by a group of existing shareholders, aims to cover near-term working-capital needs while the company continues implementing the remedial measures outlined earlier this quarter. As reported in Ebusco's Q3 2025 update and discussed during the November 2025 Extraordinary General Meeting, the manufacturer is managing persistent liquidity constraints and has been relying on a set of China-based financing and supply-chain actions to stabilise operations."

"Ebusco notes that implementation of its two key remedial levers-the €9 million working-capital facility from a Chinese partner (with €4 million still undrawn) and the inventory-financing framework with a Chinese contract manufacturer -is "somewhat delayed". The company highlights that the bridge loan is needed to avoid disruption to ongoing deliveries and to prevent contractual penalties linked to late handover of vehicles."

"The new €5.1 million loan, announced in early December, is provided by CVI Investments Inc., De Engh B.V., Peter Bijvelds Holding Erp B.V., and N-Works B.V., the holding company of interim CFO Roel Nagelmaeker. All lenders are existing shareholders, Ebusco points out. Proceeds will support production continuity and allow conversion of completed deliveries into cash over the coming months."

Ebusco obtained a €5.1 million working-capital bridge loan from a group of existing shareholders to ensure bus deliveries remain on schedule amid ongoing liquidity pressures. The facility is intended to cover immediate working-capital needs while remedial measures continue. Two China-based remedial levers—a €9 million facility (with €4 million undrawn) and an inventory-financing framework with a Chinese contract manufacturer—are somewhat delayed, prompting the interim financing. Proceeds will support production continuity and conversion of completed deliveries into cash. Seventeen Ebusco 2.2 buses have arrived at Deurne for upcoming Deutsche Bahn deliveries. The company reiterates a Q4 target to match Q3 deliveries (39 units). The loan contains standard conditions and is repayable from delivery-related cash inflows.

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