The Traton Group, majority-owned by Volkswagen, has raised a total of €850 million to invest in battery-electric drivetrains.
In 2025, Traton introduced a Green Finance Framework, enabling investors to specifically support projects related to battery-electric commercial vehicles. The company has now completed its first two transactions under this framework, issuing a €500-million green bond and securing a loan of €350 million.
Traton says it will use the “green funds” to accelerate the electric transformation of its brands MAN, Scania, International (USA), and Volkswagen Truck & Bus (Brazil). In the first quarter of 2026, the share of EV sales across all the group’s brands reached 1.4%—a paltry number, but an increase compared to the 0.9% reported in the same quarter of the previous year.
MAN has long offered a battery-electric city bus, the Lion’s City E, and recently launched a line of battery-electric trucks, centered around the eTGX. An electric coach, the Lion’s Coach E, is scheduled to debut this year. Scania recently secured an order for 91 electric public transport buses for in its hometown of Södertälje.
Traton’s CFO, Dr. Michael Jackstein, said: “Our first Green Bond and Loan on Traton level mark a clear milestone in the evolution of our financing strategy. It translates our electrification strategy to the bond and loan markets and provides investors with a transparent and credible opportunity to participate in the transformation of commercial transport. Both transactions clearly demonstrate that green finance and industrial transformation go hand in hand at Traton.”
Meanwhile, Traton, along with Daimler Truck and Volvo Truck, continues lobbying to weaken emissions standards in the US and Europe. The companies recently filed a motion through the Truck and Engine Manufacturers Association to defend the Trump EPA’s repeal of the 2009 endangerment finding and the repeal of all motor vehicle climate standards.
Source: Electrive
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