Fleet electrification and battery storage specialist Zenobē has closed a landmark financing platform designed to accelerate the transition to zero-emission transport across Australia and New Zealand.
The debt facility, which is backed by a syndicate of global banks, will support major public transport networks and commercial fleets to access Zenobē’s market-leading electrification offering.
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The announcement marks the first integrated, multi-site heavy vehicle fleet electrification financing platform to be established in Australia and New Zealand. The structure leverages the company’s end-to-end capabilities, including turnkey depot electrification, long-term chassis and battery leasing, mid-life battery replacement and ongoing operational optimisation.
By integrating these services into a single model, the platform removes the need for significant upfront capital investment by operators, reduces technology and battery residual value risk and simplifies the deployment and management of electric fleets.
The platform includes four operational projects already in service across the region, including depots in Leichhardt, Australia, and Dunedin, West Auckland and Greater Wellington in New Zealand.
The long-term funding platform is expected to support more than $400 million of investment to accelerate electrification across Australia and New Zealand.
Zenobē country director ANZ Gareth Ridge said, “This platform represents a major step forward for zero-emission transport in Australia and New Zealand. By combining proven operational projects with a strong pipeline into a single financing structure, we’re able to bring greater scale, certainty and cost efficiency to fleet electrification.
“Our model removes many of the traditional barriers operators face, from upfront capital costs to technology risk, while providing a fully integrated, end-to-end solution. This allows our customers to focus on delivering cleaner, more reliable transport services, while we manage the complexity.
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“With strong momentum already underway across both markets, this platform positions us to accelerate investment and play a leading role in decarbonising transport across the region.”
