Zenobē Secures AU$400 Million to Scale Fleet Electrification in Australia and New Zealand

Zenobē has closed an AU$400 million financing platform to support the rollout of zero-emission heavy vehicle fleets across Australia and New Zealand.

The debt facility is backed by a syndicate of international banks and is designed to make electrification more accessible for public transport operators and commercial fleet owners. According to Zenobē, it is the first integrated, multi-site heavy vehicle fleet electrification financing platform of its kind in the region.

The platform brings together several elements of fleet transition into one model, including depot electrification, long-term chassis and battery leasing, mid-life battery replacement, and ongoing operational support. By combining financing and technical delivery, Zenobē aims to reduce the need for operators to make large upfront investments while also helping manage technology and battery residual-value risk.

At launch, the financing structure is anchored by four operational projects already in service. These are located in Leichhardt in Australia, and in Dunedin, West Auckland, and Greater Wellington in New Zealand.

Zenobē said that raising debt centrally at scale should allow it to offer more competitive pricing than would be possible if each electrification project were financed separately. The company expects the platform to support more than AU$400 million in investment across the two markets.

The lender group includes MUFG Bank as agent and security trustee, alongside Crédit Agricole CIB, Siemens Bank, Sumitomo Mitsui Banking Corporation, and Société Générale. Planum Partners acted as financial advisor.

The new platform follows Zenobē’s earlier AU$100 million truck electrification programme announced in March 2026 and builds on the company’s fleet financing experience in Europe and the United Kingdom. Zenobē provides electric fleet and battery storage solutions, with services covering charging infrastructure, battery systems, vehicle leasing, and fleet optimisation software.

For bus operators, logistics companies, and other fleet owners, the platform is intended to simplify the transition from diesel to electric vehicles by bundling infrastructure, financing, and operational management under a single framework.

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