Post by MUFG

MUFG offers our congratulations to Zenobē, an international electric vehicle (EV) and battery storage specialist, and its sponsors Infracapital and KKR on the successful close of a £980 million debt financing. The financing will support the continued growth of Zenobē’s EV business, as well as refinancing existing facilities. With this funding, Zenobē will be able to support 1,200 new electric buses, part of its plan to support up to 5,000 new electric buses in the UK and Europe by 2028. MUFG acted as sole Financial Adviser and Mandated Lead Arranger. Phillip Hall, Head of Structured Finance at MUFG EMEA, said: “We are pleased to support our long-standing client on this transaction, which will help further expand their presence in the EV market. As the shift to cleaner forms of transport becomes increasingly critical, this deal reflects our commitment to financing the transition to a more sustainable future.” Steven Meersman, Founder Director at Zenobē, said: “This financing platform again demonstrates Zenobē’s ability to mobilise large-scale capital to accelerate the transition to zero-emission transport in the UK, Europe and further afield in international markets. "Operators today are acutely aware of the implications that diesel reliance has on their bottom-line. We’re here to support operators that want to make a switch that makes economic and environmental sense at meaningful scale. Zenobē can accelerate their ambitions reliably without breaking the bank by bringing together capital, technical experience and 24/7/365 support.”