UK electric vehicle fleet and battery storage specialist Zenobe Energy is to enter the New Zealand market. A $20 million investment from New Zealand Green Investment Finance (NZGIF) has been secured to support the deployment of electric bus fleets with major operators in the country.
Zenobe Energy says that a further $30 million is being held in reserve to support additional uptake. NZGIF says it hopes sends a strong signal to the public transport sector that electric solutions will be more accessible. The aim is to help bus operators to transition off fossil fuelled vehicles and onto zero-emission vehicles by removing technological and financing risk through competitive pricing.
NZGIF Chief Executive Officer Craig Weise says he is pleased that NZGIF is enabling another first for the New Zealand market, explaining: “The flexible rental contracts enable operators to take the time to understand the operational changes required as they transition to battery electric vehicles. This allows them to adapt and/or grow, minimising the usual level of risk.”
Currently, only around 5 per cent of New Zealand’s 2,600 public transport buses are run on electricity. Zenobē specifically focuses on the bus market, providing end-to-end fleet electrification solutions. This goes from planning and power procurement, to vehicles, charging infrastructure and software.
Zenobē Co-Founder and Director, Steven Meersman said that transport operators across the globe are realising the benefits of leasing batteries and outsourcing electrification to speed up and simplify delivery of zero emission transport. “With our experience, capabilities, and award-winning software, we can lead our customers on the pathway to zero emission transport at a rapid pace, with complete solutions from infrastructure installation, to financing and battery replacement. This means that operators can build a bespoke electrification solution based on their specific needs.”
Just last month, Zenobe assisted Arriva, one of London’s biggest bus operators, to replace half of the 44 double-decker buses at its Brixton Tramshed depot in south London with new electric vehicles.
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