Electric Bus Manufacturer Ushers in the Wave of Fleet Electrification
The O.H.I.O. Fund, a private fund investment adviser with a unique investment thesis focused on leveraging Ohio’s momentum to accelerate economic prosperity and growth across the state, today announced its investment in Northwest Ohio’s Endera. This investment supports The O.H.I.O. Fund’s thesis of backing companies building operating scale in Ohio. The O.H.I.O. Fund’s investment joins with investment from Magnetar, a global multi-strategy alternative asset manager, and Pulse Fund, among others.
Headquartered and operating out of Ottawa, Ohio, Endera has positioned itself as one of the fastest-growing technology and manufacturing leaders in the electric bus market. Supported by a foundational internal combustion engine (ICE) business, Endera serves as an anchor in Ohio’s re-industrialization and automotive manufacturing ecosystem.
“We’re thrilled to partner with Endera as they continue to redefine the future of electric transportation and manufacturing in Ohio. This investment reflects our commitment to scaling durable, industry-leading businesses that create real operating leverage and long-term value in the state,” said Mark Kvamme, CEO at The O.H.I.O. Fund. “Endera’s growth trajectory and innovative approach align perfectly with The O.H.I.O. Fund’s vision of accelerating economic prosperity and positioning Ohio as a national leader in advanced manufacturing and clean technology.”
The funding will further establish Endera as a leader in Ohio’s fleet electrification and the traditional ICE specialty bus market as a manufacturer of one of the only federally compliant products. Endera has demonstrated its ability to scale and ramp production to meet the needs and demands of private and public fleet electrification through strategic partnerships that strengthened its distribution and service capabilities nationwide.
“Ohio has long been at the heart of America’s automotive innovation, and Endera is proud to be building the next chapter here. Our work electrifying bus fleets not only helps communities reduce emissions and operating costs, but also strengthens local manufacturing and jobs,” said John Walsh, Endera CEO and Founder. “This investment allows us to accelerate production, expand our Ohio footprint, and help more transit agencies and school districts transition to clean, reliable electric vehicles.”
With this investment and others, The O.H.I.O. Fund carries strong momentum into 2026 to strategically diversify its growing investment portfolio across various regions in Ohio.
About The O.H.I.O. Fund
TOF Manager, LLC dba The O.H.I.O. Fund is a private investment firm committed to investing in and partnering with innovative entrepreneurs, business leaders, and co-investors who, like them, call Ohio home. With a unique investment thesis focused on leveraging Ohio’s momentum, The O.H.I.O. Fund supports growth in advanced manufacturing, biotech, real estate, infrastructure, and other sectors where Ohio leads. The team brings deep experience and a robust statewide network to connect leaders and unlock the state’s most promising opportunities.
About Endera
Endera is a pioneering specialty vehicle company specializing in high-quality shuttle and specialty needs school buses, distinguishing itself as America’s only vertically integrated EV OEM. As an end-to-end manufacturer, Endera designs and builds its vehicles in the U.S., ensuring superior quality, performance, and reliability. With the highest Altoona test score in its class, Endera sets a new standard for safety and efficiency while delivering one of the lowest total costs of ownership among commercial electric vehicles. Its sustainable solutions rival fossil fuel counterparts in price, technology, longevity, profitability, and service. For more information, visit: www.enderamotors.com.
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