Zenobe (Debt Financing)
Funding Details
- Awarder
- Inbox
- Date Award
- June 18, 2024
- Vertical
- Energy Storage
- Funding URL
- View Funding Page
- Funding Amount:
- $870,000,000
Company Info
- Traction
- 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