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Zenobē secured over £1B in a debt financing to drive electric bus transition in the UK

May 29, 2024

Amount Raised

£1 Billion

Round Type

Debt Financing

United KingdomEnergyRenewable Energy

Investors

SMBC GroupRabobankNabCibcABN AmroScottish WidowsSantanderNat WestLloydsAviva13 Banks And Financial Institutions

Description

Zenobē has secured a significant financial boost for its electric bus operations through a £410 million financing deal, which is the largest electric bus platform financing in Europe to date. This latest funding round brings Zenobē’s total debt raised since 2019 to over £1 billion, showcasing growing investor confidence in the company and the potential of the electric bus market.

Quick answer

Zenobē raised £1 Billion in a Debt Financing round, dated May 29, 2024. Investors: SMBC Group, Rabobank, Nab, Cibc, ABN Amro, Scottish Widows, Santander and Nat West. Zenobē is based in United Kingdom.

How much did Zenobē raise?
Zenobē raised £1 Billion in a Debt Financing round on May 29, 2024.
Who invested in Zenobē?
SMBC Group, Rabobank, Nab, Cibc, ABN Amro, Scottish Widows, Santander and Nat West are named as investors in this round.
What does Zenobē do?
The firm has also garnered attention for its fleet electrification solutions and innovative efforts in repurposing EV batteries for integration into BESS, and announced the raise of up to £241 million in early 2022 to..
Where is Zenobē based and how big is it?
Zenobē is based in United Kingdom. Fundz records about 300 employees.
Who are the decision-makers at Zenobē?
Fundz holds 2 contacts at Zenobē, including the Director of People & Talent. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Zenobē that raised within 45 days of this round, from Fundz verified event records.

  • Dynelectro raised $12M (Funding Round) on July 11, 2024.
  • Sircel raised $5M (Funding Round) on July 11, 2024.
  • Active Membranes raised $5M (Seed) on July 11, 2024.
  • Helix Earth Technologies raised $5.9M on July 10, 2024.
  • Aternium raised $3.6M on July 9, 2024.
  • Orus Energy raised $2.4M (Pre-Seed) on July 5, 2024.

Who to call at Zenobē, and when

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Company Information

Company

Zenobē

Location

United Kingdom

About

The firm has also garnered attention for its fleet electrification solutions and innovative efforts in repurposing EV batteries for integration into BESS, and announced the raise of up to £241 million in early 2022 to finance up to 430 new e-buses in the UK and Ireland. KKR provides Zenobē with a leading international strategic partner to support our expansion plans into North America, Europe and Australasia, and other markets. Zenobē has been active in the construction of grid-scale battery energy storage systems (BESS), including a 300MW/600MWh unit located in Blackhillock, Scotland.

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Fundz sees it the moment Zenobē raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsOlivia C., Director of People & TalentSee plans and pricing
Predictive Intelligence
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Zenobē raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.