Ebusco Secures €12 Million From Existing Investors to Keep Going Into 2027
The rescue comes after Ebusco postponed October salaries; two strategic investors put in €8 million and three other shareholders €4 million.
By the Tesla News Wire staff · Edited by Seamus McKenna · · 2 min read
Ebusco has bought itself more time. The Dutch electric bus maker says two strategic investors and three other existing shareholders have committed to subscribe for €12.0 million in new shares, subject to approval by the general meeting. Ebusco says the money funds operating expenses and completion of its current order book into the second quarter of 2027.
The investors will take 240 million new shares at €0.05 each, about a 57% discount to €0.117. Rhein Holding and Green Innovation International commit €8.0 million; De Engh, CVI Investments (Heights) and Peter Bijvelds Holding commit €4.0 million. The money comes in six instalments, the last of €1.0 million due in February 2027.
electrive reports the deal follows Ebusco having to postpone payment of October salaries because of its strained liquidity.
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