a year ago

Zenobe Raises £870 Million from KKR and Infracapital to Expand Electric Bus Fleet and Energy Storage

  • Zenobe, a UK-based climate tech company, has raised £870 million from KKR and Infracapital

  • The company, which builds energy storage batteries and provides electric buses to bus companies, has bypassed traditional venture capital funding and instead secured investment from private equity and infrastructure funds

  • Zenobe's innovative financing approach allows it to offer bus companies longer pay-back times and lower monthly payments than traditional bank financing

  • The company is active in the UK, Belgium, Ireland, Finland, Spain, Netherlands, Australia and the US

  • KKR's strong brand in the US will help Zenobe expand further there.

      • ProblemTechnology Infrastructure

      "making the transition to a greener electricity grid more efficient and affordable, especially in the UK where there is a growing need for energy storage solutions as renewable energy sources become more prevalent. "

      Solution

      "Zenobe builds energy storage batteries and provides electric buses to bus companies, offering both financing solutions and leasing options. This helps address the challenges faced by bus companies in adopting electric vehicles due to high upfront costs and limited financing options. Zenobe also helps companies transition to more sustainable energy practices by providing the financing necessary for electric vehicle fleet adoption."

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