Electric bus fund launched for councils and bus firms

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Battery storage supplier Zenobe Energy has launched a £120 million financing fund for local authorities and bus companies to buy electric buses. Zenobe hopes the fund will reduce the upfront cost of investment in electric fleets and overcome challenges related to grid constraints, charging infrastructure and the batteries themselves, which are often the most expensive aspect of electric buses. The scheme can be used alongside grants from the government’s £48m Ultra-Low Emission Bus scheme. Steven Meersman, co-founder of Zenobe Energy, said: “We’re thrilled to announce the Zenobe comprehensive funding solution which helps local councils and commercial fleet operators bring forward the rollout of zero-emission vehicles by several years.”

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