Zenobē, a provider of electric vehicle fleet and battery storage services, has secured an additional $522.7 million in financing to accelerate the rollout of electric buses across the UK. The company previously raised £147 million in debt financing in January, bringing Zenobē’s funding to over £1.9 billion.
Founded in 2017, Zenobē is the leading owner and operator of battery storage in the UK. It supports the National Grid with the uptake of renewable power and works with 90 per cent of the major bus companies, powering 25 per cent of the UK e-bus market.
The company is also the number one owner and operator of e-buses in Australia and New Zealand and is quickly expanding into light commercial vehicles and trucks.
Zenobē founder and director Steven Meersman said:
“This expansion of our existing financing will help us continue our work with operators across the UK with specialist solutions to one of the biggest barriers to electric fleets – the upfront cost.
By gaining both new and renewed support from the right financial partners, we are taking another step forward in our mission to electrify the UK’s buses at scale, reduce carbon emissions, and connect more communities in the UK.”