Streetscooter successor B-On presents business figures
B-ON is looking back on a successful first year, having produced and delivered 2,447 electric commercial vehicles last year and raised 150 million dollars in capital. That is the equivalent of about 137 million euros.
In addition, B-ON 2022 says it has signed contracts and letters of intent for the sale of a total of 11,000 vehicles. And negotiations for around 30,000 more electric vehicles for the current year are well advanced, it says.
B-ON’s turnover in 2022 was 125 million dollars, or around 114 million euros. However, the company does not give any information on profit.
“It’s been an extremely tough year for financial markets, electric vehicle manufacturers, and global automotive supply chains as a whole,” says B-ON CEO Stefan Krause. “Despite this, B–ON produced and delivered vehicles, and generated nine figures in revenue in our very first year of operations. This is a massive testament to our business model, to our product, and the team we have built, and we expect to continue our growth in 2023 and beyond despite the adverse environment.”
B-ON had acquired Streetscooter from Deutsche Post in January 2022. At the time, the company was still called Odin Automotive. Initially, production of the vehicles continued at the German Streetscooter plant in Düren with a capacity of 30,000 vehicles per year.
The rebranding to B-ON was completed in May, including the introduction of a complementary range of electrification services in addition to the established vehicle line. “The evolution of the company from OEM to full EV solution provider was undertaken to make the switch to EVs as straightforward and hassle-free as possible for fleet owners—providing EVs, charging and energy management, financing, service and maintenance, driver education, and advanced telematics through one point of contact for the customer,” B-ON writes on its website.
The company’s headquarters are in Luxembourg. In addition, the company is also active with its own branches in the UK, Switzerland, Germany, Japan and Latin America.
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