In October 2025, the Board of Directors of Blue Bird Corporation approved the termination of the previously announced joint venture agreement with Generate Capital, PBC, otherwise known as Clean Bus Solutions, LLC.

Generate Capital, as the other 50% shareholder of the joint venture, has also approved termination of the venture. According to a release from SAHM, the Board of Clean Bus Solutions will immediately begin the process of winding down affairs and will formally "dissolve the legal entity upon completion of legal and contractual obligations."

In December 2023, Clean Bus Solutions was formed to offer electric school bus fleet Electrification-as-a-Service under the name CBS. Through Blue Bird's subsidiary, Blue Bird Body Company, and Generate Capital's GC Mobility Investments I, LLC, CBS was designed to provide "turnkey electrification solutions," including a product range of electric school buses, financing, fleet management support, and more.

Termination a Result of Insufficient Market Demand

Both companies initially held equal ownership and shared management responsibilities. Generate Capital also received warrants to purchase one million shares of Blue Bird Common stock at an exercise price of $25 per share, exercisable over five years, SAHM reported.

According to a Blue Bird spokesperson, the companies decided to dissolve the joint venture "due to insufficient market demand for specific financing products, effective October 24, 2025."

"We are grateful to all team members and partners who have been part of the Clean Bus Solutions LLC journey," a company spokesperson said. "Blue Bird will continue to provide creative solutions to its dealers and customers to drive the adoption of clean student transportation."