London, UK – 18^th May 2026

Zenobē, the fleet electrification and battery storage specialist, has funded more than 280 electric buses under a committed finance framework agreement (CFFA) with leading bus operator Go-Ahead, in a move designed to significantly reduce the cost, complexity and execution of electric vehicle deployments across its operations.

Zenobē and Go-Ahead Group (GAG) have been working together since 2021, and this CFFA is the first of its kind in the bus industry – providing GAG with a pre-agreed, scalable credit line that can be drawn down as required to support its ambitious fleet electrification programme. To date, more than 280 vehicles from four different OEMs have been funded under the CFFA.

A key benefit of the arrangement is flexibility. Go Ahead Group is planning to electrify its entire fleet by 2035 and, when operators have limited control over contract award dates and vehicle supply chain delays, the ability to access financing exactly when it is needed is critical.

The CFFA also enables much faster access to funding. Rather than entering into repeated negotiations and executing individual lease agreements – a process often slowed by administration and complexity – funding can now be drawn down quickly under pre-agreed terms.

Finally, as fleet electrification scales, the agreement provides far greater cost certainty for the operator. This supports more effective long-term planning and delivers lower monthly payments as more vehicles are financed.

Steven Meersman, Founder and Director, Zenobē, commented: “This agreement marks a significant step forward in how public transport operators can finance the transition to zero-emission fleets. We’ve worked closely with Go-Ahead for many years, and this first-of-its-kind framework gives them the flexibility, speed and cost certainty they need as electrification accelerates.

“The move away from diesel buses is inevitable – the question is how quickly operators can scale. By removing repetitive negotiations and enabling funding to be drawn down rapidly under pre-agreed terms, we’re making it easier, faster and more cost-effective to deploy electric vehicles at scale, while allowing operators to stay focused on running their networks.”

Gonzalo Velasco, Group Structured Finance Director, Go-Ahead Group said: “Electrifying our bus fleet at pace is central to our strategy, but it requires financing solutions that are flexible, scalable and quick to execute. This committed finance framework with Zenobē gives us certainty that funding is available when we need it, while removing unnecessary complexity and delay.

“As routes are awarded on a franchise-by-franchise basis, the ability to draw down funding rapidly under pre-agreed terms supports more effective planning and enables us to accelerate the rollout of zero-emission buses, while continuing to focus on delivering reliable services for passengers.”

-ENDS-   

NOTES TO EDITOR  

About Zenobē Energy Ltd. (Zenobē):     

Zenobē is an EV fleet and grid-scale battery storage specialist, headquartered in the UK. 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 the UK’s leading owner and operator of grid-scale batteries on the GB transmission network with 2.5GWh of batteries in contract and is expanding into North America. Zenobē has an operational capacity in the UK of 731MW, with a further 568MW currently under construction. Zenobē has around 25% market share of the UK EV bus sector and supports over 3,400 electric vehicles across 120 depots globally. The company is the largest owner and operator of EV buses in the UK, Australia and New Zealand.  

For more information, please visit www.zenobe.com/ or follow on LinkedIn.