Ebro — Unstaged equity · €20M

EV Motors, owner of the revived Ebro brand, closed its first financing round of €20M, coordinated by Andbank España. More than 70 investors joined, including institutional investors, qualified investors and family offices. The raise was structured as €16M executed at first and €4M more to follow before the end of 2023. The funds were for engineering an electric pickup and a minivan on Nissan platforms, and for the D-Hub decarbonisation centre in the Zona Franca.