Ebusco faces bankruptcy without ‘timely’ liquidity injection: shifts to OED model as revenue plunges 90% in 2024 - Silicon Canals

The Dutch electric bus manufacturer Ebusco is again experiencing major financial problems. A supplier has filed for bankruptcy against the company due to unpaid invoices, the company announced when presenting its annual figures. The Deurne-based company's turnover fell from 102 million in 2023 to 11 million euros in 2024. Ebusco suffered a loss of more than 200 million euros. Last year, Ebusco delivered 157 buses that are now driving around in s…

The future of the Brabant bus manufacturer Ebusco hangs by a thread after a turbulent year. A supplier filed for bankruptcy against the company due to unpaid bills. The Deurnese manufacturer of electric regional buses is still writing a bright red number and states that it is still unable to stand on its own feet. The company needs a capital injection quickly, otherwise the curtain risks falling.

Bus manufacturer Ebusco from Deurne is once again in dire straits. This time, the dark clouds are gathering, thinks market expert Cees Smit of asset manager Today’s Group. He thinks that the ball is now in the government’s court when it comes to Ebusco’s future. “The company has had to return to investors several times, but I don’t expect them to pick up the ball again. The ball is in the government’s court.” Ebusco announced on Wednesday that …

Ebusco faces bankruptcy without ‘timely’ liquidity injection: shifts to OED model as revenue plunges 90% in 2024 - Silicon Canals

Netherlands-based Ebusco, a motor vehicle manufacturing company, has published its results for the year 2024. In what the company has described as a “year of transition,” Ebusco made a significant pivot in its production strategy — shifting away from in-house manufacturing to an outsourced model under the Original Equipment Design (OED) approach. Christian Schreyer, CEO of Ebusco, says, “An OED model enables us to operate more capital-efficientl…

Ebusco is still on the brink of insolvency due to "overdue payables exceeding its available liquidity" - Sustainable Bus

Ebusco faces overdue payables exceeding its available liquidity, as written black on white in the press release issued today, 30th April 2025, accompanying the presentation of the yearly results. One supplier has already filed for bankruptcy due to (amongst others) non-payment of overdue invoices, with a court hearing scheduled for 6 May 2025. Ebusco urgently requires a short-term liquidity injection to continue as a going concern. In February 2…

11:38 A net loss of 200 million euros on a turnover of 10 million euros, a missing signature from the auditor and one of the most important suppliers filing for bankruptcy: the cr...