AMSTERDAM, January 9, 2024 — EVBox, a leading EV charging solutions provider announces an efficiency enhancement program to ensure continued competitiveness amid market maturation and prepare for the next phase of the company.
Driven by the challenges faced by the European EV charging industry, and building upon the foundation of stabilized operations, the strategic decision entails a phased reduction in overall operating costs. This initiative encompasses a streamlined workforce, as well as a rationalized offerings portfolio. Notably, the primary focus of the cost-saving measures is on non-personnel expenses, with a concerted effort to optimize processes and enhance efficiency.
With this focused approach, by aligning its resources with strategic objectives, EVBox aims to establish solid foundations for growth, to be best setup for future success. Committed to transparency, EVBox has consulted with key stakeholders, including shareholders and the Dutch workers council.
Dedicated to expansion in European and North American markets, EVBox aims to emerge stronger and resilient from these structural changes, ready to lead the evolving EV charging industry, and maintain a pivotal role in the global energy transition.