Last year, the enterprises of the Lviv-based “Elektron” Group invested 58 million UAH in development, more than double the amount invested in 2024 (28 million UAH), according to a report on the group’s website.
“In 2025, the company’s enterprises invested 58 million UAH in development. Capital investments amounted to 50 million UAH, current investments to 8 million UAH, with accrued depreciation of 26 million UAH,” the report states.
The year before last, out of 28 million UAH in investments, capital investments amounted to 23 million UAH, and current investments to 5 million UAH.
One of the largest investments in 2025 was the production by the “ElektronMash” plant of a demonstration model of an electric bus (12 m).
“This electric bus will be used to showcase the plant’s capabilities, but may be sold in the future,” the concern noted.
In total, capital investments by the “ElektronMash” plant amounted to 24.4 million UAH.
The second-largest investments (11.2 million UAH) were made by the Innovation and Industrial Enterprise “Elektron” (formerly “Elektron Leasing”), whose main specialization is real estate leasing services. The funds were mostly invested in building renovations.
More than 7 million UAH was invested by the manufacturer of heaters and heat exchangers for vehicles, the Sferos-Electron joint venture, specifically in accounting software (1.7 million UAH), repairs to production equipment and presses (2.2 million UAH), and the purchase of new equipment—a stacker, a liquid cooler, a hydraulic table, and compressor units (2 million UAH).
As reported, in 2025, “Sferos-Electron” recorded the highest sales and profit among the group’s enterprises, increasing net revenue by 15%—to 250 million UAH—and net profit by more than 45%—to 43 million UAH.
The Electronpobutprylad (EPP) plant, which manufactures electric drives and motors, received nearly 6.3 million UAH in investments, primarily for the preparation of new production facilities (5.5 million UAH).
The report notes that by 2026, EPP’s main production of all motors will be located in modern facilities with space reserved for expanding the range of existing and new motor types. In particular, a metalworking shop with an area of up to 2,000 square meters has been built and is being commissioned, and new automatic presses and CNC machines are being installed.
The “Elektron” television plant, with total investments of 4.63 million UAH, developed computer software for trolleybuses and adapted electronic systems for vehicles. Significant investments were made in the repair and restoration of buildings (3.5 million UAH).
NVP “Elektron-Karat,” a developer of production technologies and a manufacturer of materials for nano- and microelectronics, sensor technology, and information technology, invested nearly 2.4 million UAH in development.
The report notes that a 95 kW grid-connected solar power plant was installed on the roofs of one of the “Elektron-Karat” buildings to increase the company’s energy independence. The cost of the work amounted to 1.35 million UAH, with a payback period of 2.5 years.
The “Elektron” Concern comprises 12 enterprises, as well as the parent company, PJSC “Concern-Elektron.”
As reported, JSC “Concern-Electron” (Lviv) ended 2025 with a consolidated net profit of 17.22 million UAH, which is 3.3 times less than the corresponding figure for 2024; net revenue decreased by 10.4% to 671.1 million UAH.
The ElectronMash plant (Lviv), which is part of the Electron corporation, and the Rivne NPP branch of the Energoatom National Nuclear Energy Company have signed a contract for the supply of five new large city buses for an estimated UAH 75.375 million (excluding VAT).
According to information in Prozorro, the agreement was signed on December 24 after ElectronMash was declared the winner of the relevant tender, in which it was the only participant.
According to the contract, with a total value of UAH 90.45 million (including VAT), the buses will be delivered within 245 calendar days from the date of receipt of the advance payment. A 30% advance payment (UAH 27.135 million) is provided for within 30 calendar days from the date of signing.
As reported, ElectronMash offered 12-meter low-floor Electron A18501 buses at a price of UAH 15.075 million (excluding VAT) each.
The buses were manufactured this year. They are equipped with a Cummins diesel engine that meets the Euro 6 environmental standard, a ZF automatic transmission, and an EBS system. Each bus is designed to carry more than 100 passengers (at least 30 seated), equipped with a folding ramp and seat belts in the passenger compartment to secure wheelchairs.
The Electron A18501 buses were first introduced by the manufacturer in 2016 and are currently in operation in Lviv and Uzhhorod.
The Rivne Nuclear Power Plant announced a tender for the purchase of five large buses on October 17 this year, with a delivery date of November 30, 2026. The auction was scheduled for October 28, but the customer postponed the deadline for submitting bids and its date several times.
As reported, the large Ukrainian bus manufacturer Etalon Corporation considered the tender conditions to be discriminatory, as they were written for the Turkish Temsa LF 12 bus, and also noted that for the announced price, it could offer seven Etalon buses instead of five. However, the customer did not change the tender conditions proposed by Etalon.
ElektronMash Plant LLC, in which Concern-Elektron JSC owns a 55% stake, specializes in the design and manufacture of trams, trolleybuses, electric buses, and city passenger buses, as well as aggregates and spare parts.
In 2024, the plant increased its net income by 87.7% compared to the previous year, to UAH 244 million, with a net profit of UAH 0.06 million, compared to UAH 0.9 million in 2023.
Urban transport manufacturer Concern Electron has delivered the first four 12-meter buses, Electron A18501, out of the 13 units provided for in the contract to Uzhhorod Municipal Transport, the company said on Facebook.
“By the end of the year, nine more buses will be added to the fleet of the utility company,” the statement said.
The concern informed that 27 buses of this brand are already in operation in Uzhhorod, which means that upon completion of the delivery there will be 40 of them.
“Unlike many other cities, Uzhhorod has a systematic and pragmatic approach to renewing its bus fleet. The city deliberately replenishes it with vehicles of the same brand, which facilitates the maintenance and repair of rolling stock. Electron buses have been in operation in the regional center since 2018,” the company said.
As reported, the contract for the supply of 13 low-floor Electron buses for a total of UAH 126.5 million was signed on September 29, 2023, after the Electronmash plant, part of the concern, won the relevant tender.
The delivery date was set for August 31, 2023.
Other bidders were Zernotrade, which offered Chinese buses for UAH 127.8 million, and Bas Motor LLC with Bogdan buses for UAH 130 million.
In addition, Etalon Avto Trading House tried to challenge what it considered to be discriminatory tender conditions at the Antimonopoly Committee of Ukraine, but was unsuccessful.
