The company is equally owned by companies like the Limited and Auto Iris Travelers Yeruham Limited. The company owns 2000 buses and employs about 2500 employees in three branches – Afula, Yokneam Jerusalem. The company owns three parking garages – two garages and service offices in the Tel Aviv Central Bus Station in Tel Aviv, one in Afula and one at the Jerusalem Central Bus Station. The company also operates special trips to Jerusalem employing about 20 drivers who operate 16 minibuses and 4 full-size buses. In addition, the company also operates specialty lines to transport students.
Superbus was formed in 2000 to participate in auctions for the privatization of public transportation in Israel's whose goal was to lower prices and break the monopolies of the Egged Bus Cooperative and the Dan Bus Company. In 2001 the company was awarded a tender to operate the Ramla–Lod and Matityahu transportation clusters, replacing Egged on 6 May 2002.
All Superbus services accept the Rav-Kav smart card as payment, which operates on the rest of public transportation in Israel, beginning with the Beit Shemesh and Jerusalem corridor lines from 2008, and the Ramla–Lod–Matityahu from 2011.
In 2007 it was published that Superbus won a tender to operate public transportation in Bet Shemesh and the Jerusalem corridor in spite of its low quality of service and the large number of complaints filed by passengers against the company. A lawsuit was filed by Connex and by Illit, after which a final decision was taken in favor of Superbus. The company began operating these lines in January 2009.
In early 2009 the company began operating lines in Beit Shemesh and the Jerusalem corridor. Since the summer of 2011 the company began to operate a night line.
In 2013, Superbus lost the Ramla–Lod–Matityahu tender to the rival Kavim bus company, and the Beit Shemesh tender in 2017. In 2018 Superbus lost the Beit Shemesh tender to Dan, which will take over on September 1, 2019. In 2019 Superbus lost the Jerusalem corridor tender to aifikim which will take over November 1.
In March 2014, Superbus won the tender for cluster the valleys which includes the cities: Afula, Migdal Haemek, Beit Shean, Yokneam Illit, Kiryat Tivon, Daliyat al-Karmel-Isfiya and Tiberias, Superbus began first in the Yokneam area in December 2014, then in Afula in March 2015, and in Tiberias in July 2015.
In 2017, 138 buses were taking out of service because of safety problems on january 21 10 buses were transferred from yokneam to beit shemesh.