Zenobē Powers Global Expansion with c.£600 Million Investment from KKR and further c.£270m from Infracapital

– Leading EV fleet and grid-scale battery storage specialist has raised more than c.£850 million in total equity funding since 2017
– The new equity and shareholder capabilities will fuel the expansion of the business’ EV Fleet and Network Infrastructure businesses in the UK, Europe, North America, Australia and New Zealand
– KKR and current majority shareholder, Infracapital, to become joint majority shareholders

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    Zenobē, the international provider of end-to-end solutions in fleet electrification as well as battery storage solutions, today announced that it has secured an investment of c.£600 million from KKR, a leading global investment firm. In addition, a further c.£270 million of equity has been invested by existing shareholder Infracapital[1]. Upon completion of the transaction, which is subject to customary closing conditions and regulatory approvals, KKR and Infracapital will become joint majority shareholders in Zenobē. Jera and TEPCO Power Grid will remain as minority, strategic shareholders.