What is Zenobe?
Headquartered in London, Zenobe has established itself as a critical player in the renewable energy ecosystem since its inception in 2017. The company specializes in the ownership and operation of grid-scale battery storage, currently managing over 1,135MW of capacity. Beyond stationary storage, Zenobe is a dominant force in the electrification of public transport, supporting approximately 90% of major UK bus operators and powering 25% of the UK e-bus market. With a rapidly growing footprint in Australia, New Zealand, North America, and the Benelux region, the firm provides essential infrastructure that enables the National Grid to integrate renewable power effectively while facilitating the transition to electric commercial vehicles and heavy-duty trucks.
How much funding has Zenobe raised?
Zenobe has raised a total of $3.1B across 6 funding rounds:
Debt
$25M
Private Equity
$197.9M
Debt
$325.9M
Other Financing Round
$750M
Debt
$520M
Debt
$1.3B
Debt (2019): $25M with participation from Santander Corporate & Commercial
Private Equity (2020): $197.9M led by Infracapital
Debt (2022): $325.9M supported by Aviva, NatWest Group, Santander, and Scottish Widows
Other Financing Round (2023): $750M featuring KKR
Debt (2024): $520M backed by MUFG, Lloyds Bank, and Aviva
Debt (2026): $1.3B with participation from Intesa Sanpaolo, ABN AMRO Bank, Standard Chartered, Santander, Scottish Widows, MUFG, Rabobank, Swiss Re, CiC, CIBC, NatWest Group, Aviva, Crédit Agricole CIB, Barclays, OCBC, National Australia Bank, Siemens, LBBW, HSBC, and Societe Generale
Key Investors in Zenobe
KKR
A global investment firm that invests across private markets in every asset class, focusing on fortifying companies and communities to secure long-term institutional success.
Infracapital
A leading European infrastructure investor that focuses on innovative strategies to create diversified portfolios and deliver long-term sustainable growth.
Aviva
An international insurance, wealth, and asset management company providing a broad range of financial products and services to institutional and corporate clients.
What's next for Zenobe?
With this latest infusion of capital, Zenobe is well-positioned to accelerate its international expansion and deepen its technological integration within the energy sector. The company's strategic roadmap focuses on scaling its battery storage assets to meet the rising demand for grid stability as renewable energy penetration increases. Furthermore, the firm intends to leverage its expertise in fleet electrification to capture a larger share of the light commercial vehicle and truck markets. By maintaining its focus on high-growth regions and continuing to partner with major financial institutions, Zenobe is set to solidify its status as a cornerstone of the global transition toward sustainable, electrified infrastructure.
See full Zenobe company page
