Zenobē has announced the financial closure of a 325 million EUR debt facility from a syndicate of both local and global banks in order to fund an expansion of its electric fleets-as-a-service offering within Europe.

The company, which currently supports more than 3,400 electric fleet vehicles across 120 depots internationally, will support up to 1,000 additional electric buses, trucks and chargers across the EU/EEA as a result of the closure.

A row of buses
The company will support 1,000 additional electric vehicles across Europe
Steven Meersman, Founder Director at Zenobē, said:

We not only offer financial backing but also provides 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.

The announcement follows Zenobēs role in a UK-Canada operation to electrify Brampton’s transit bus network.

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