B-ON, the Luxembourg-based electric vehicle manufacturer, is celebrating a successful first year in business, having produced and delivered 2,447 commercial electric vehicles and raised $150 million in capital. The company’s turnover for 2022 was $125 million, and it has signed contracts and letters of intent for the sale of a total of 11,000 vehicles, with negotiations for an additional 30,000 vehicles underway.
See also: B-ON and Karma Automotive Partner to Manufacture Electric Light Commercial Vehicles in California
CEO Stefan Krause praised the company’s resilience in the face of a challenging market: “It’s been an extremely tough year for financial markets, electric vehicle manufacturers, and global automotive supply chains as a whole. 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 acquired German electric vehicle manufacturer Streetscooter from Deutsche Post in January 2022, and has since rebranded to B-ON and expanded its range of electrification services. The company’s mission is to provide a hassle-free switch to EVs for fleet owners, offering EVs, charging and energy management, financing, service and maintenance, driver education, and advanced telematics through one point of contact for the customer.
See also: Asahi Kasei celebrating their centennial by unveiling AKXY2 Autonomous concept
B-ON has also expanded its operations beyond Luxembourg, with branches in the UK, Switzerland, Germany, Japan and Latin America. The company’s success is a clear indication of the growing demand for electric vehicles and the increasing role they will play in the future of transportation.
