Ebusco

History

2010s: Foundation and relocation

Ebusco was founded in 2012 in Helmond. The vehicle workshop and the office were located in two different neighbourhoods of the city about 3 kilometres apart. In September 2018, Ebusco moved to Deurne, where it had acquired a production hall of more than 7,000 m² and sufficient office space.

2020s: Euronext and near bankruptcy

Since 22 October 2021, Ebusco has been listed on the Euronext in Amsterdam. The major shareholder is the company's founder, Peter Bijvelds. After the IPO in October 2021, Bijvelds held 35.4% of the shares. ING Group was the next largest shareholder with an equity interest of 21%.

In 2024 the company failed to deliver 59 buses to Qbuzz by the agreed delivery date. Spare parts for buses already in service were also not be delivered, causing 10% of Qbuzz buses to be out of service. Qbuzz demanded payment of the previously agreed compensation for late delivery . After Ebusco failed to pay the compensation, Qbuzz seized €1.2 million of Ebusco's bank accounts, which meant that Ebusco was unable to pay its staff's salaries. In October 2024 Ebusco announced cutbacks in an attempt to avoid bankruptcy, with €33 million in debt.

In 2026 it is close to collapse after more delivery goals were not met, an order of 23 buses canceled, and losses continue.