Ebusco has relocated 74 previously-cancelled buses and obtained 22 million in debt financing - Sustainable BusEbusco secures €22 million in debt financing to manage upcoming cash shortfalls and implement a turnaround strategy.
Ebusco to reduce workforce by 16% (102 employees) as part of restructuring plan - Sustainable BusEbusco plans to reduce its workforce by 16.5% as part of a restructuring effort to improve financial performance.
Ebusco, from revolutionary promises to the race for survival - Sustainable BusEbusco is undergoing a transition towards long-term viability, impacting its production model and operational strategy.The company aims to stabilize by implementing an outsourcing strategy as part of its Turnaround Plan.
Ebusco restructures organization dissolving Executive Committee, whose responsibilities will be shifted to the Management Board - Sustainable BusEbusco is restructuring to enhance operations and transition to an Original Equipment Designer model.
Jan Piet Valk joins Ebusco as interim Chief Financial Officer while company is focusing on turnaround planEbusco appoints Jan Piet Valk as interim CFO to navigate the company through a critical turnaround following a near bankruptcy.
Dutch EV maker Ebusco to lay off 102 employeesEbusco plans to restructure, impacting 16.5% of its workforce to enhance financial performance and implement its Turnaround Plan.
Ebusco has relocated 74 previously-cancelled buses and obtained 22 million in debt financing - Sustainable BusEbusco secures €22 million in debt financing to manage upcoming cash shortfalls and implement a turnaround strategy.
Ebusco to reduce workforce by 16% (102 employees) as part of restructuring plan - Sustainable BusEbusco plans to reduce its workforce by 16.5% as part of a restructuring effort to improve financial performance.
Ebusco, from revolutionary promises to the race for survival - Sustainable BusEbusco is undergoing a transition towards long-term viability, impacting its production model and operational strategy.The company aims to stabilize by implementing an outsourcing strategy as part of its Turnaround Plan.
Ebusco restructures organization dissolving Executive Committee, whose responsibilities will be shifted to the Management Board - Sustainable BusEbusco is restructuring to enhance operations and transition to an Original Equipment Designer model.
Jan Piet Valk joins Ebusco as interim Chief Financial Officer while company is focusing on turnaround planEbusco appoints Jan Piet Valk as interim CFO to navigate the company through a critical turnaround following a near bankruptcy.
Dutch EV maker Ebusco to lay off 102 employeesEbusco plans to restructure, impacting 16.5% of its workforce to enhance financial performance and implement its Turnaround Plan.
Swedish Connect Bus cancels order for 47 Ebusco e-buses amid delivery delaysConnect Bus is switching suppliers due to Ebusco's delivery delays and is seeking compensation.Ebusco faces financial distress with increased losses and concerns about potential insolvency.
Svealandstrafiken switches electric bus orders to Volvo (73 units) and cancels majority of Ebusco commissioned vehiclesSvealandstrafiken ordered 73 electric buses from Volvo Buses to upgrade and expand services, replacing previous commitments to Ebusco.
Ebusco appoints Christian Schreyer as new CEO - Silicon CanalsEbusco appoints Christian Schreyer as CEO, signaling a new phase for the company amidst structural changes and a focus on public transport leadership.
Following cancellation of a 47-units order with Ebusco, Connect Bus will deploy BYD e-busesConnect Bus is switching from Ebusco to BYD for electric bus supply due to delivery delays and seeking compensation from Ebusco.
Swedish Connect Bus cancels order for 47 Ebusco e-buses amid delivery delaysConnect Bus is switching suppliers due to Ebusco's delivery delays and is seeking compensation.Ebusco faces financial distress with increased losses and concerns about potential insolvency.
Svealandstrafiken switches electric bus orders to Volvo (73 units) and cancels majority of Ebusco commissioned vehiclesSvealandstrafiken ordered 73 electric buses from Volvo Buses to upgrade and expand services, replacing previous commitments to Ebusco.
Ebusco appoints Christian Schreyer as new CEO - Silicon CanalsEbusco appoints Christian Schreyer as CEO, signaling a new phase for the company amidst structural changes and a focus on public transport leadership.
Following cancellation of a 47-units order with Ebusco, Connect Bus will deploy BYD e-busesConnect Bus is switching from Ebusco to BYD for electric bus supply due to delivery delays and seeking compensation from Ebusco.
Steering Ebusco on track: focus on design and engineering. But cash management comes first. Our interview with CEO Christian Schreyer - Sustainable BusEbusco is undergoing significant restructuring under CEO Christian Schreyer to address liquidity challenges and operational inefficiencies, focusing on transforming company performance.
Ebusco has raised 36 million euros via right issue - Sustainable BusEbusco raised EUR 36 million to strengthen its operations and avoid bankruptcy after a recent court loss.
Ebusco plans to raise up to EUR 36 million through a rights issue offeringEbusco is attempting a turnaround by raising up to EUR 36 million through a rights issue amid growing speculation about its insolvency.
Dutch EV maker Ebusco raises 36M to boost operationsEbusco raised €36M through a Rights Issue, with a subscription rate of 64.3%, crucial for its future and recovery efforts.
Ebusco has raised 36 million euros via right issue - Sustainable BusEbusco raised EUR 36 million to strengthen its operations and avoid bankruptcy after a recent court loss.
Ebusco plans to raise up to EUR 36 million through a rights issue offeringEbusco is attempting a turnaround by raising up to EUR 36 million through a rights issue amid growing speculation about its insolvency.
Dutch EV maker Ebusco raises 36M to boost operationsEbusco raised €36M through a Rights Issue, with a subscription rate of 64.3%, crucial for its future and recovery efforts.
Gotion enters with an equity stake in EbuscoEbusco has forged a strategic partnership with Gotion to bolster its bus production and battery technology, marking a significant turnaround.
Ebusco proposes partnership with Chinese battery manufacturer Gotion (that would be investing in Ebusco)Ebusco seeks a partnership with Gotion for equity participation and to enhance bus technology.Ebusco aims to expand internationally with Gotion's battery expertise, particularly in Asia.
Gotion enters with an equity stake in EbuscoEbusco has forged a strategic partnership with Gotion to bolster its bus production and battery technology, marking a significant turnaround.
Ebusco proposes partnership with Chinese battery manufacturer Gotion (that would be investing in Ebusco)Ebusco seeks a partnership with Gotion for equity participation and to enhance bus technology.Ebusco aims to expand internationally with Gotion's battery expertise, particularly in Asia.
Ebusco's shareholders adopt all resolutions to pursue company restructuring (new liquidity needed)Ebusco's shareholders approved a EUR 36 million plan to avert bankruptcy amid significant financial loss and operational challenges.
Christian Schreyer joins Ebusco as new CEO within process of company's restructuring - Sustainable BusEbusco appoints Christian Schreyer as CEO to lead turnaround amid financial losses.