Ebusco faces liquidity crisis, threatening company survival

Ebusco has reported that its current liquidity is insufficient to sustain operations for much longer. The bus manufacturer disclosed this during an extraordinary shareholders' meeting on October 9, noting that without additional funds, there is serious uncertainty regarding the company's ability to continue existing.

Strategic partner and shareholder Gotion has approved 5.86 million euros specifically to cover the production of remaining buses for the Rouen order. This funding will be directed via a Gotion group company straight to suppliers and contract manufacturers to cover materials and production costs. However, this support does not cover Ebusco's general operational expenses.

To address operational costs, Ebusco is in discussions with several shareholders, though no binding commitments have been secured. The company is also working on a letter of credit for approximately 30 million euros with an Asian partner, contingent on a new bus order and internal approval from Gotion.