Shareholders-backed €5.1m loan aims to keep Ebusco’s bus deliveries on schedule
Ebusco announces it has secured a €5.1 million working-capital bridge loan to ensure its bus delivery schedule remains on track despite ongoing liquidity pressures. 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 […]
Ebusco announces it has secured a €5.1 million working-capital bridge loan to ensure its bus delivery schedule remains on track despite ongoing liquidity pressures.
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 has also recently communicated via Linkedin that 17 Ebusco 2.2 buses have arrived at Deurne facility and being prepared for upcoming delivery at Deutsche Bahn in Passau and Karlsruhe.
Interim financing as China measures face delays
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.
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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 reiterates its Q4 2025 delivery target, aiming to deliver at least the same number of buses as in Q3 (39 units).
The loan contains standard conditions for this type of facility and is repayable from delivery-related cash inflows. Any outstanding principal at maturity—1 May 2026—will convert mandatorily into Ebusco shares at a 15% discount to the five-day VWAP preceding the maturity date.
