Fleet Financing


Zenobē, a British specialist in electric vehicle fleets and battery storage, has announced that it will enter the New Zealand market, facilitated by investment from New Zealand Green Investment Finance (NZGIF).

Announcement will help bus operators in New Zealand roll out electric buses

NZGIF is providing a 20 million New Zealand dollars (A$18.08 million) financing facility to support Zenobē in the deployment of electric bus (e-bus) fleets under long-term lease agreements with the main operators in New Zealand.

A further NZ$30m (Aus$27m) is being held in reserve to support additional use, which the NZGIF hopes sends a strong signal to the public transport sector that commercial zero-emissions solutions will be more accessible.

The agreement is designed to facilitate the transition from diesel to electric buses for operators, removing technological and financial risks through competitive pricing.

NZGIF Managing Director Craig Weise says he is delighted that NZGIF is enabling another first for the New Zealand market.

“This deal brings Zenobē’s expertise in fleet electrification and setting up bespoke financing structures to New Zealand,” he said.

“Flexible leases allow operators to take the time to understand the operational changes needed when transitioning to battery electric vehicles. This allows them to adapt and grow, minimizing the usual level of risk.

“We are pleased with this agreement for a number of reasons, but particularly in the transport sector, which accounts for 21% of New Zealand’s annual greenhouse gas emissions and is the fastest growing source of emissions. fastest growing.

New Zealand government aims to decarbonise its bus fleets by 2035

New Zealand’s public transport bus fleet currently produces around 155,000 tonnes of CO2 per year and the government aims to decarbonise the public bus fleet by 2035.

It is estimated that less than 5% of the 2,600 public buses in service in New Zealand are electric.

Zenobē offers end-to-end fleet electrification solutions, from power planning and supply to vehicles, charging infrastructure and award-winning software.

It has a proven track record in the UK, holding around 25% of the e-bus market and delivering Australia’s largest electrified depot pilot. With around 540 buses currently under contract worldwide, Zenobē is using its knowledge and experience to grow in New Zealand.

Zenobē Co-Founder and Director Steven Meersman says transport operators around the world are realizing the benefits of battery leasing and outsourcing electrification to speed up and simplify the delivery of zero transport episode.

“We are delighted to be able to work with NZGIF to bring this electric bus hire facility to New Zealand as we continue to see a shift to more sustainable transport solutions underpinning the drive to net zero,” said he declared.

“Through our work with major customers such as National Express, Stagecoach and Transit Systems, we have established ourselves as a reliable industry partner to make battery and fleet electrification services a reality.

“With our experience, capabilities and award-winning software, we can guide our customers down the path to zero-emission transportation at a rapid pace, with complete solutions ranging from infrastructure installation to financing and battery replacement. This means operators can build a bespoke electrification solution based on their specific needs,” Meersman said.

The first assets to be funded will be a fleet of 18 e-buses, leased from one of New Zealand’s largest bus operators Go Bus Transport Limited (Go Bus).

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