There are around 1,000 heavy electric trucks currently on the road and this funding is designed to help double that number by the end of 2026, at a critical moment for the sector. With 56% of Australia’s truck fleet now more than a decade old, operators are increasingly making decisions about replacement technologies as vehicles reach the end of their operating life.
Zenobē’s $100 million investment will fund not just the electric trucks themselves, but the full ecosystem supporting them; charging infrastructure, battery replacements, and deployment, designed to match or beat the total cost of ownership (TCO) of diesel fleets. It also covers upfront planning at no cost to operators, including depot assessments, fleet and energy modelling, and tailored proposals to de-risk the transition.
Zenobē is removing both the financial and technical barriers by funding, designing, and optimising end-to-end zero-emission fleet solutions from day one.
While momentum is building, the market remains in its early stages. Approximately 500 electric trucks were on track to be sold in 2024 more than the total sold over the previous decade combined, highlighting both the progress made and the scale of the opportunity ahead.
Zenobē aims to remove one of the biggest barriers to adoption by making the transition (TCO) neutral for fleet operators. This is achieved through a long-term view of asset lifecycles, access to low-cost capital, and the expertise to design, develop, and manage cost-effective, fit-for-purpose truck charging infrastructure for diverse customer needs.
“The direction we set in the next five years will define the trajectory for the next two decades,” said Gareth Ridge, Country Director, Australia and New Zealand at Zenobē. “Our goal is simple: to make the transition total cost of ownership neutral so the sustainable choice is also the commercial one.”
The announcement builds on Zenobē’s broader growth ambitions globally to support up to 4,000 electric commercial vehicles by the end of 2026.
By combining capital investment with charging infrastructure and fleet electrification expertise, Zenobē aims to accelerate the shift to zero-emission freight while strengthening the resiliency and sustainability of the logistics and supply chain sector.
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