en.Wedoany.com Reported - Zenobē has secured AUD 400 million (NZD 488 million) in debt financing to deploy zero-emission heavy vehicle fleets in Australia and New Zealand. The UK-based vehicle electrification specialist stated that the financing arrangement, provided by a syndicate of international banks, is considered the first comprehensive multi-site heavy vehicle electrification financing platform in the Australia-New Zealand region.
The platform integrates vehicle leasing, site electrification, battery swapping, and fleet optimization services into a single solution, helping transport operators avoid large upfront capital expenditures and adopt electric vehicles without directly funding infrastructure and vehicle assets. At launch, four operational projects are already in service, located in Leichhardt, Dunedin, West Auckland, and Greater Wellington. Zenobē stated that by centralizing financing at scale, it can offer customers more competitive pricing than traditional project-by-project financing arrangements.
The company noted that the financing structure draws on similar models deployed in Europe and the UK. Zenobē has recently expanded its electric vehicle financing platform to over GBP 980 million (NZD 2.3 billion). Additionally, earlier this year, the company announced a AUD 100 million truck electrification plan, open to heavy vehicle operators in New Zealand and Australia.
Gareth Ridge, Zenobē's Regional Director for Australia and New Zealand, said the platform aims to remove the biggest barriers facing fleet operators. "This platform represents a significant step forward for zero-emission transport in Australia and New Zealand. Integrating proven operational projects with a strong project pipeline into a single financing structure can bring greater scale, certainty, and cost efficiency to fleet electrification." Ridge believes this integrated approach allows operators to focus on delivering transport services rather than managing electrification projects. "Our model removes many traditional barriers operators face, from upfront capital costs to technical risks, while providing a fully integrated end-to-end solution. This enables customers to focus on delivering cleaner, more reliable transport services while we manage the complexity. With strong momentum already established in both markets, this platform allows us to accelerate investment and play a leading role in the region's transport decarbonization."
The financing arrangement is supported by Planum Partners, with MUFG Bank acting as agent and security trustee. Lenders include Credit Agricole CIB, Siemens Bank, Sumitomo Mitsui Banking Corporation, and Societe Generale.
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