Zenobē secures $750M investment to expand transport electrification solutions
Zenobē, headquartered in London, UK, is a company that specializes in transport electrification and battery storage solutions. Recently, the company secured a significant investment of $750M, led by KRR. As the majority shareholder, Infracapital, the infrastructure equity investment arm of M&G Plc, will invest further in conjunction with KKR and the management team. Thus, KKR and Infracapital will become joint majority shareholders. However, the completion of this transaction is dependent on customary closing conditions and regulatory approvals. With these newfound funds, Zenobē aims to strengthen its position in the UK, Australia, and New Zealand. Additionally, the company plans to expand its presence in continental Europe and venture into the North American market.
In terms of their offerings, Zenobē was founded by Nicholas Beatty in 2017.
The company specializes in providing electrification solutions for fleets and battery storage solutions for grid network infrastructure. Their EV fleet business offers comprehensive end-to-end solutions for transitioning conventional internal combustion engine vehicles to electric. This includes financing for chassis, batteries on vehicles, and charging infrastructure in depots. Zenobē's integrated software solution complements these services. Moreover, the company's network infrastructure business focuses on developing and constructing large-scale batteries that connect to transmission grids. These batteries provide essential grid services that support the growth of intermittent low carbon energy generation. By doing so, Zenobē plays a crucial role in helping economies achieve their net zero ambitions while ensuring grid stability.
The $750M investment will propel Zenobē's growth trajectory. In addition to consolidating their position in key markets, the company intends to expand further across continental Europe. Their goal is to facilitate the adoption of electric vehicles and enhance grid infrastructure to support the transition to sustainable energy sources. By entering the North American market, Zenobē aims to contribute to the continent's efforts in achieving a greener future. With their comprehensive range of electrification and battery storage solutions, Zenobē is poised to make a significant impact on the global movement towards sustainability.
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