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Forsee Power achieved EBITDA break-even in 2024, amid turnover drop

Forsee Power announces achievement of the 2024 target of EBITDA break-even, highlighted also during our visit at the company’s plant in Poitiers, France in July 2024 (the plan is for a projected 15% positive EBITDA by 2028). Overall, Forsee Power’s batteries now equip over 4,200 buses and more than ...

New Flyer will source axles from MAN for another five years

New Flyer will be relying on MAN-made bus axles for another five years (until the end of 2029). The order “includes several thousand axles and spare parts worth over 200 million US dollars“, MAN states. The contract includes VOK-08 front axles and the HY-1350 rear axle series. The axles ...

Gotion to build battery plants in Slovakia and Morocco

Chinese battery manufacturer (and Ebusco’s shareholder) Gotion has released plans to build two battery factories in Slovakia and Morocco. The group is backed by Volkswagen. Investment? $2.6 billion, 1.2 will be headed to the Slovakian plant, where annual capacity should be up to 20 GWh, accord...

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Repowering, KleanBus launches KleanDrive

A new development in the world of bus repowering: KleanBus introduces the KleanDrive umbrella company, through which its electrification technology to the entire transportation sector. The new business strategy represents the company’s evolution beyond buses, and extends beyond repowering to p...

Optibus Driver app, improving communication between drivers and depot

T. S. T. Transportes Sul do Tejo (TST), a public transportation operator in the Lisbon metropolitan area, has introduced the Optibus Driver App, a communication and management tool between driver and depot designed to simplify interaction, increase transparency, and improve employee satisfaction. Pr...

Volvo to acquire battery business from Proterra

The voluntary bankruptcy proceedings of Proterra Inc. and Proterra Operating Company Inc are underway: in this context, Volvo Group has been selected as the highest bidder in an auction for the business and assets of the Proterra Powered unit, at a purchase price of $210 million. The transaction bet...

Pepper motion changes business model. And lands in India

Business change for pepper motion, which henceforth becomes a technology provider for zero-emission vehicle manufacturers or retrofitters. As a result of this consequential decision, pepper will focus on its core area of expertise, the development and marketing of its modular drive system for the ec...
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