IVECO BUS Secures Landmark Contract for Electric Buses
IVECO BUS Secures Major Tender for City Buses
IVECO BUS, the renowned brand of the Iveco Group, has achieved a remarkable milestone by signing a major framework agreement alongside the BusGruppe purchasing group. This deal is set to last for a period of five years and includes the supply of up to 580 city buses, with a significant portion, specifically 250, being fully electric models. This groundbreaking agreement is valued at up to 235 million euro, showcasing IVECO BUS's dedication to electric mobility.
Details of the Agreement
The supply will consist of 200 CROSSWAY Low Entry ELEC buses and 50 articulated E-WAY buses, all designed as fully electric vehicles. This tender represents the largest electric bus procurement ever undertaken by IVECO BUS within the German market, signifying a pivotal step for the company in promoting sustainable transport solutions.
Additionally, the agreement incorporates a further 330 vehicles, which includes both URBANWAY Hybrid articulated city buses and CROSSWAY Low Entry intercity buses powered by advanced FPT Industrial Cursor 9-litre engines that operate with select renewable fuels. This breadth of options highlights the flexibility and innovation that IVECO BUS brings to the table.
Custom Features and Delivery Timeline
Each bus will be tailored to meet the specific needs of the BusGruppe purchasing group, ensuring features such as cantilever seating, air conditioning, video surveillance, Wi-Fi connectivity, fuel-saving technologies, and USB charging ports are included. Such customization not only enhances passenger comfort but also aligns with the growing need for efficient public transport solutions.
Deliveries of the buses are scheduled to commence in 2025 and will extend through to 2030, marking a significant timeline for the rollout of these innovative transport solutions across urban areas.
Executive Insights on the Tender
Domenico Nucera, the President of the Bus Business Unit at Iveco Group, expressed enthusiasm over the successful bid: “Our winning proposal showcases our ability to expand our market presence. This year has been a record-breaking one for IVECO BUS, demonstrating our commitment to meeting diverse customer requirements with highly efficient and customizable transport solutions.” This sentiment reinforces IVECO BUS's intent to solidify its position as a leader in the electric bus sector.
Future of Electromobility
Jan Behrendt, Managing Director of Verkehrsbetriebe Bachstein, highlighted the forward-looking vision that accompanies this contract: “Choosing IVECO BUS indicates our commitment to future mobility. The modernization of our fleet with a significant leap into electromobility enables us to compete effectively in an increasingly competitive mobility market.”
About Iveco Group
Iveco Group N.V. is home to several influential brands that drive advancements toward a sustainable society. Each brand within the group is separately recognized for its expertise across various sectors including commercial vehicles, advanced powertrain technologies, and mass transit solutions. With over 36,000 employees globally, the company has a strong industrial footprint featuring 20 production sites and 29 R&D centres.
The company continues to push forward in its mission to innovate and meet critical market demands while ensuring environmentally friendly practices. For more information regarding their wide range of products and services, visit www.ivecogroup.com.
Media Contacts:
Francesco Polsinelli, Tel: +39 335 1776091
Fabio Lepore, Tel: +39 335 7469007
E-mail: mediarelations@ivecogroup.com
Investor Relations:
Federico Donati, Tel: +39 011 0073539
E-mail: investor.relations@ivecogroup.com
Frequently Asked Questions
What is the value of the IVECO BUS tender?
The tender is estimated to be valued at up to 235 million euro.
How many electric buses will IVECO BUS supply?
IVECO BUS will supply 250 fully electric buses as part of this agreement.
When will the deliveries of the buses begin?
Deliveries are expected to start in 2025 and will continue until 2030.
Which companies are involved in the BusGruppe purchasing group?
The purchasing group includes Verkehrsbetriebe Bachstein, CeBus, KVG Stade, Omnibusbetrieb von Ahrenschildt, Pülm Reisen, and Reisebüro Schmidt.
What kind of customization will the buses have?
The buses will feature options like cantilever seating, air conditioning, video surveillance, Wi-Fi, fuel-saving functions, and USB charging ports.
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