The transition to sustainable transportation just got a major jolt of energy as Zenobe, a leader in electric fleet solutions, secured a hefty $381.7 million from a consortium of global banks. In a major move towards accelerating Europe’s green mobility shift, this investment is set to transform public and commercial transport fleets across the continent.

In this blog, we’ll break down what this investment means for the European EV space, who’s behind this mega-deal, and how Zenobe plans to reshape the future of urban mobility with its electrification roadmap.

Mega-financing meets green ambition

At the heart of this announcement lies a multi-currency debt facility designed to fuel Zenobe’s ambitious electric fleet expansion across Europe. The funding — provided in euros, Danish krone, Norwegian krone, and Swedish krona — gives the company critical financial flexibility as it scales operations in multiple countries. The backing comes from a formidable line-up of financial powerhouses, including Mitsubishi UFJ Financial Group, CIBC, ABN AMRO, NAB, Siemens Bank, Credit Agricole, and BayernLB.

This capital injection will enable Zenobe to deploy up to 1,000 electric buses or trucks, complete with charging infrastructure, transforming urban fleets and reducing emissions on a significant scale. With climate targets looming and the urgency of decarbonization rising, this development signals a pivotal step forward in sustainable transport.

Zenobe’s electric revolution gains traction

Founded in 2017, Zenobe is no newcomer to the EV scene. The company already supports over 3,400 electric fleet vehicles across 120 depots worldwide. Its integrated service model — combining financing, infrastructure, smart software, and energy management — positions it as a one-stop shop for municipalities and fleet operators transitioning to electric.

Currently active in Germany, Spain, Belgium, the Netherlands, and Sweden, Zenobe is rapidly expanding its European footprint. With this latest funding round, the company is set to intensify its growth strategy, offering its unique fleets-as-a-service model to a broader set of partners and accelerating the pace of fleet electrification across the continent.

Charging toward a sustainable future

This capital raise is more than just a financial milestone — it’s a green light for cities and companies to embrace electric fleets without the friction of high upfront costs. By reducing the total cost of ownership through its bundled services, Zenobe makes EV adoption not only sustainable but economically viable.

The project also reflects the growing appetite among major financial institutions to back green infrastructure. With advisors Santander and Societe Generale steering the financial strategy and top-tier legal counsel from Clifford Chance and Allen & Overy Shearman, the deal stands as a blueprint for future green financing structures.

Zenobe’s bold push into electrification is a powerful reminder that the future of mobility is electric — and it’s being built right now. Want to stay in the loop on transformative green mobility trends? Subscribe to our newsletter or explore more on our site to see how the clean transport revolution is unfolding.