UK-based Zenobē backed up its ambitions of fleet electrification leadership by closing on its acquisition of California-based Revolv, signaling the company’s continued confidence in North America’s commercial EV market.
Zenobē’s approach to the US market has been mostly focused on managing and deploying electric school bus fleets, but this latest acquisition adds 13 operational depots in California and more than 100 trucks to the company’s fleet, catapulting Zenobē towards a leading position in North American commercial EV sector.
“This (investment) is a strong opportunity to accelerate electrification at scale,” explains Steven Meersman, Founder and Director of Zenobē. “By pairing Revolv’s fleet electrification platform with our deep experience and unique financing models. We’re grateful to Revolv CEO Scott Davidson and the team at GDEV Management for backing Revolv early on. Now we are taking it to the next stage.”
In addition to the California sites, Zenobē supports over 3,400 electric vehicles across over 120 depots globally, with operations in the US, UK, Australia, Canada, and New Zealand. Zenobē are also the leading owner and operator of grid-scale batteries on the Great Britain transmission network, with over 1GW of battery storage assets in operation or under construction.
“This acquisition reflects our shared belief in the long-term opportunity for fleet electrification and the important role private infrastructure capital can play in accelerating the global energy transition,” says Shreya Malik, Managing Director, Infrastructure at KKR and an investor in Zenobē. “We are pleased to support Zenobē as it continues to scale its North America platform.”
Electrek’s Take
Pumping diesel exhaust into the air at face-height for most school-age kids is bad, and anyone who says otherwise is a lunatic, at best. The more electric school buses and delivery vans like these that Zenobē can put (and keep) on US roads, the better off America’s kids will be.
SOURCE | IMAGES: Zenobē.
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