NZ Green Investment Finance supports Zenobē to decarbonise public transport

Zenobē is to target the New Zealand market following a $20million investment with a further reserve fund of $30million from New Zealand Green Investment Finance. NZGIF is providing the facility to support Zenobē with the deployment of electric bus fleets under long-term lease agreements with major operators in New Zealand. 

NZGIF CEO Craig Weise says: “This deal brings Zenobē’s expertise in fleet electrification and putting together bespoke funding structures to New Zealand. With flexible rental contracts, operators can transition to battery electric vehicles, understand the operational changes required and then adapt and/or grow, minimising the usual level of risk.”

New Zealand’s public transport bus fleet currently produces an estimated 155,000 tonnes of CO2e per annum and the government has a target to decarbonise the public bus fleet by 2035. 

Zenobē co-founder and director, Steven Meersman adds: “We’re delighted to be able to work with NZGIF to bring this E-Bus rental facility to New Zealand as we continue to see a shift to more sustainable transport solutions at the foundation of achieving net zero.

“Through our work with major clients such as National Express, Stagecoach and Transit Systems, we have established ourselves as a reliable industry partner in making battery and fleet electrification services a reality.”

The first bus contract involved will be a fleet of 18 buses leased to one of New Zealand’s largest bus operators, Go-Bus Transport for use in Christchurch.