Zenobe has secured £410m in debt financing from Aviva, Lloyds, Natwest, and Societe Generale. The company has a strong presence in multiple countries, including the UK, Belgium, Ireland, Finland, Spain, Netherlands, Australia, and the US.
Organizations Involved
KKR, Infracapital, Abu Dhabi sovereign wealth fund Mubadala
Founders
Stephen Meersen
Company Description
Zenobe is an energy storage startup based in the UK that specializes in deploying grid-scale energy storage batteries to capture spikes in power generation from wind farms and solar parks. Additionally, the company assists businesses, particularly bus companies, in transitioning to electric vehicles by providing upfront capital for purchasing charging infrastructure and electric buses. Zenobe finances these initiatives through debt financing secured from banks and other financial institutions, enabling longer pay-back times for bus companies.
Market
Climate Infrastructure
Location
UK
Coinvestors
KKR, Infracapital, Abu Dhabi sovereign wealth fund Mubadala