- Zenobe raised GBP 980 million to expand electric bus fleets and charging infrastructure.
- The funding is expected to support up to 5,000 electric buses across Europe by 2028.
Zenobe announced on June 15 that it has secured a GBP 980 million financing round for its flagship EV-focused debt facility serving the United Kingdom and Ireland. With this latest financing, the total capital raised by Zenobe since 2017 has surpassed GBP 3.2 billion. The newly secured funding is intended to accelerate the deployment of electric public transport solutions, including more than 1,200 additional electric buses and the associated charging infrastructure over the next three years.
The financing package is designed to provide operators with access to long-term capital while leveraging Zenobe’s expertise in charging infrastructure development and fleet electrification. By combining financial support with technical and operational capabilities, the company aims to help transport operators transition more efficiently from conventional fleets to zero-emission electric bus networks.
In addition to this latest financing round, Zenobe previously announced a EUR 325 million European EV fleet facility. Together, these funding initiatives are expected to strengthen the company’s role in supporting large-scale fleet electrification projects across multiple markets. The combined facilities are projected to enable support for up to 5,000 electric buses by 2028, contributing to wider decarbonisation efforts throughout the United Kingdom and Europe.
The expansion of electric bus fleets is expected to play an important role in reducing transport-related emissions while supporting the modernization of public transportation systems. Investment in charging infrastructure alongside vehicle deployment ensures that operators can scale electrification programs more effectively and maintain long-term operational reliability.
Frequently Asked Questions
What is the purpose of Zenobe’s GBP 980 million financing round?
The GBP 980 million financing round is intended to accelerate the deployment of electric buses and supporting charging infrastructure across the United Kingdom and Ireland. The funding will support the addition of more than 1,200 electric buses over the next three years while providing operators with access to long-term capital. It also enables transport providers to benefit from Zenobe’s expertise in fleet electrification, helping advance public transport decarbonisation and the transition toward zero-emission mobility solutions.
How many electric buses could Zenobe support by 2028?
Zenobe is expected to support up to 5,000 electric buses by 2028 through a combination of its UK and Ireland debt facility and its previously announced European EV fleet financing program. The company’s investment strategy includes both vehicle deployment and charging infrastructure development. This integrated approach aims to help fleet operators scale electrification projects efficiently while contributing to emissions reduction goals across the United Kingdom and broader European transport markets.
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