Zenobē enters US electric truck market with Revolv acquisition
The 13 operational customer sites are located in California, and additional projects are in development. Zenobē assumes operational responsibility for the assets and will integrate Revolv’s team to support continuity for existing customers and ongoing projects.
Zenobē is backed by investors, including KKR and Infracapital, and focuses on fleet electrification and battery storage solutions. The acquisition marks its entry into the US commercial vehicle segment, complementing its existing portfolio in school bus and public transport electrification in the US and Canada. The company stated that the Revolv assets and pipeline will support further expansion in the region.
Revolv developed a turnkey fleet electrification model covering vehicle deployment, charging infrastructure and operational services for commercial fleets. The platform was deployed across multiple sites and positioned as a full-service solution for fleet operators transitioning to electric vehicles.
“Revolv’s end-to-end fleet electrification model is highly complementary to Zenobē’s global experience and our growth plans in North America,” said Andreas Lips, President of EV North America at Zenobē. “This acquisition strengthens our ability to provide flexible, end-to-end solutions at scale across North America.”
Steven Meersman, Founder Director of Zenobē, said: “This is a strong opportunity to accelerate electrification at scale, by pairing Revolv’s fleet electrification platform with our deep experience and unique financing models.”
Revolv was backed by GDEV Management, which confirmed the sale as the first exit from its second investment fund. The company had deployed its electrification platform despite market uncertainty and established operations across 13 sites prior to the transaction.
“We applaud Zenobē’s shared confidence in the inevitability of commercial fleet electrification, and this transaction validates the platform we built to serve the market at scale,” said Scott Davidson, CEO and founder of Revolv. “As the market enters its next phase, this transaction provides the scale, capital, and capabilities customers need to fully embrace commercial EVs.”
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