The company said the new deal will secure 500 jobs and support an additional 1,500 across the UK supply chain.
Wrightbus chief executive Jean-Marc Gales said the deal is “hugely significant not just for Wrightbus and for Ballymena, but for the wider United Kingdom”.
A training and apprenticeships fund has been set up with placements for students with special educational needs and young people not in training or education.
Chief executive of Go-Ahead Bus, Matt Carney, said the investment will “accelerate the transition to zero-emission fleet across the UK”.
Transport Secretary Louise Haigh said the announcement shows the confidence industry has in investing in the UK.
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