Brussels – 24th July 2025
Zenobē, a leader in fleet electrification and grid-scale battery storage solutions, announces the financial close of a €325 million debt facility from a syndicate of local and global banks to fund the expansion of its electric fleets-as-a-service offering in Europe.
Operators across Europe have been invited to work with Zenobē to transition to a cleaner, more affordable and reliable electric transport network. Zenobē already supports over 3,400 electric fleet vehicles across 120 depots globally. 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.
Steven Meersman, Founder Director at Zenobē, said: “We not only offer financial backing but also provide 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.”
Zenobē now has teams on the ground offering electrification services in Germany, Spain, Belgium, the Netherlands and Sweden. The financing facility will provide multi-currency (EUR, DKK, NOK and SEK) support across these, and other EU/EEA jurisdictions, to support electric buses or trucks and related charging infrastructure.
Globally, Zenobē has a proven track record in delivering fleet financing and electrification projects at scale. In the UK, Zenobē are supporting 130 emission-free buses in Coventry for National Express, and have transformed Go-Ahead’s Oxford depot with 104 charging points. In Spain, the electrification specialist is delivering a full end-to-end package to support 44 fully electric buses for Grupo Julià, a global operator of city sightseeing buses. The €42m investment package covers financing of the vehicles and design, construction, maintenance and operation of the charging infrastructure for Grupo Julià.
This 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 €520 million 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.
NOTES TO EDITORS
For more information about Zenobē’s services and upcoming projects, please contact zenobemedia@stonehaven.uk.com
Structuring of the deal
The syndicate is made up of seven lenders, six of whom are existing Zenobē lenders (Mitsubishi UFJ Financial Group, Canadian Imperial Bank of Commerce, ABN AMRO, National Australia Bank, Siemens, Credit Agricole CIB) and one being a new lender to Zenobē (BayernLB).
Santander and SocGen acted as joint financial advisors on the transaction, while Clifford Chance are Zenobē’s Borrower legal counsel, and Allen & Overy Shearman are the Lender’s Borrower counsel.
Zenobe’s European expansion
Zenobē’s expansion into Europe, began in 2022 with its first projects in Belgium including installation of an on-site battery for construction giant Aertssen to store surplus renewable energy generated by their solar panels and use this to charge the tractors and forklifts during the night.
Today’s announcement aims to revolutionise urban mobility by financing up to 1,000 state-of-the-art electric buses or trucks, alongside charging Infrastructure across the continent. By providing bespoke financing, infrastructure design and build, optimisation software and energy management solutions, Zenobē reduces the total cost of ownership for electric fleets, empowering fleet operators to transition to sustainable transport.
Supporting over 3,400 electric fleet vehicles globally, Zenobē demonstrates unparalleled expertise in delivering zero emission transport solutions.
About Zenobē Energy Ltd. (Zenobē):
Zenobē is an international EV fleet and grid-scale battery storage specialist. The company began operations in 2017 and now employs >300 FTEs with a wide range of leading skills including electrical engineering, software development, computer sciences and financing.
Zenobē is actively expanding its operations across Europe by offering innovative financing solutions, smart charging and energy management support and charging infrastructure expertise, all to reduce the total cost of ownership of electric fleets
To support this expansion, Zenobē has established a robust network of on-ground teams in key European regions including the UK and Benelux.
For more information, please visit www.zenobe.com/ or follow on LinkedIn.
Pete leads Zenobē’s growing team of Product specialists across all areas of the business. His team oversee our R&D as well as product development in both hardware and software.
He has been working in the European E-Mobility sector from over ten years, specialising in the design, build and delivery of software systems for EV Charging.