Funding and M&A Roundup: Battery Storage Company Zenobe Secures £241 Million Debt
Battery storage firm Zenobe raises $326 million for EV expansion
February 13, 2022
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Zenobe Energy (formerly Battery Energy Storage Solutions), a developer, operator, and owner of battery storage assets in the U.K., has secured a multi-source debt structure of £241 million (~$326.2 million) to accelerate the expansion of the electric vehicle leet sector. The funding platform advised by NatWest takes total debt support from financial institutions in the UK to over £300 million (~$406.1 million).
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Utsav Sinha
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