UK battery startup Zenobe Energy secures £150M to trigger electric vehicle and battery revolution
Summary
With our focus on innovation and provision of solutions to customers that combine our technology, operational, and financing capabilities, this investment will be crucial in allowing us to achieve our growth ambitions in the UK and abroad. The total funding will enable the UK company to support customers with at least 500MWhr of additional grid-connected batteries and up to a further 1,000 electric buses or vehicles and associated infrastructure software systems over the next 18 to 24 months. Zenobe Energy says Infracapital’s funding and infrastructure experience, combined with its innovative solutions, will help accelerate the take up of electric vehicles and the investment in batteries in the UK. Andy Matthews, Head of Greenfield at Infracapital said: “We are delighted to announce our investment in Zenobe Energy and to play a role in delivering clean and reliable electric vehicle and battery storage solutions. This investment is indicative of the significant opportunity to build, deliver and operate essential greenfield infrastructure across Europe, where we see considerable scope to deploy further funds in the coming months and years, creating long-term value for our investors.” Founded by Nicholas Beatty in 2017, Zenobe Energy was established to enable the transition to full zero-carbon, non-polluting power, and transport systems.