Search Site

Trends banner

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Mubadala invests in Zenobē

EV fleet business provides end-to-end solutions to support fleet operators with their transition to electric vehicles, including batteries. (WAM)
  • The collective investment aims to power 4,000 electric buses, trucks, and commercial vehicles, contributing to the global transition to cleaner transportation by 2026.
  • London-based Zenobē, established in 2017, specializes in electric vehicle (EV) fleet solutions and large-scale battery storage.

Dubai, UAE — Mubadala Investment Company, the sovereign investor of Abu Dhabi, has announced a significant investment in Zenobē, a fleet electrification and battery storage firm.

This strategic move, executed in collaboration with Infracapital, the infrastructure equity investment arm of MG Plc, is aimed at reinforces Mubadala’s commitment to sustainable future initiatives.

With Mubadala’s backing, Infracapital is injecting an additional £270 million into Zenobē to fuel its global expansion, particularly in the UK. KKR, a leading global investment firm, is also contributing approximately £600 million, forming a strategic partnership with Infracapital as joint majority shareholders in Zenobē.

The collective investment aims to power 4,000 electric buses, trucks, and commercial vehicles, contributing to the global transition to cleaner transportation by 2026.

London-based Zenobē, established in 2017, specializes in electric vehicle (EV) fleet solutions and large-scale battery storage. The EV fleet business provides comprehensive support to fleet operators transitioning to electric vehicles, offering solutions such as batteries, charging infrastructure, and integrated software.

Simultaneously, the battery storage business focuses on developing large-scale batteries crucial for stabilizing transmission grids amid the integration of renewable energy resources.

Since Infracapital’s initial investment in 2020, Zenobē has witnessed remarkable growth, supporting over 1,000 electric vehicles globally and managing 430MW of battery storage, the companies said. The company has a strong presence in the UK, Australia, New Zealand, and is expanding its portfolio in continental Europe and North America.