Fleet electrification and battery storage firm Zenobē has announced the financial close of a €325m debt facility from a syndicate of banks to fund the expansion of its electric fleets-as-a-service offering in Europe.
This new financing ability, combined with Zenobē’s own capital, will support up to 1,000 more electric buses, electric trucks and chargers across the EU/EEA.
The announcement follows Zenobē’s pivotal role in a UK-Canada partnership to electrify Brampton’s transit bus network, marking one of North America’s largest zero-emission bus initiatives to date.
The €520m project is expected to support 5,000 direct and indirect jobs in both the UK and Canada, showcasing Zenobē’s expertise in engineering, software and finance.
Steven Meersman, founder director at Zenobē, said:
“We not only offer financial backing but also provides the expert guidance necessary to empower fleet operators to switch to electric.
“This new facility will help us to make the cleaner option even more financially competitive – reducing any perceived green premiums and in some cases even achieving green discounts
“By reducing the total cost of ownership for electric fleets through bespoke financing, optimisation software, energy management and more, we are committed to enhancing the economic viability and accessibility of electric transport across Europe.”
Image courtesy of Zenobē
