Zenobē Expands Into U.S. Electric Truck Market With Revolv Acquisition

Zenobē, a global leader in fleet electrification, is deepening its footprint in the United States with the acquisition of Revolv, a California-based commercial fleet electrification company formerly backed by GDEV Management. The move marks a significant step in Zenobē’s strategy to capture the growing North American market for zero-emission commercial vehicles. Zenobē’ North America announced the news on March 19, 2026.

The timing is notable. The U.S. Zero Emission Truck market has surpassed 59,000 deployments nationwide, with California alone accounting for more than 10,600 units according to a recent CALSTART Market Update, underscoring the commercial opportunity Zenobē is moving to capture.

“Revolv’s end-to-end fleet electrification model is highly complementary to Zenobē’s global experience and our growth plans in North America,” said Andreas Lips, Zenobē’s recently appointed President of EV North America, who brings extensive global experience in EV charging and fleet infrastructure from previous roles.

Lips, who is focused on accelerating growth and deepening partnerships across the electrification value chain continued: “As commercial fleet electrification enters its next phase, operators are increasingly seeking partners who can deliver vehicles, infrastructure, financing and long-term battery performance under one roof. This acquisition strengthens our ability to provide flexible, end-to-end solutions at scale across North America.”

Through the acquisition, Zenobē has assumed operational responsibility for 13 customer sites and more than 100 electric trucks across California, with additional projects in development. The Revolv team will remain integral to the business, strengthening Zenobē’s North American commercial fleet expertise and ensuring continuity for existing customers during the transition.

“This is a strong opportunity to accelerate electrification at scale, by pairing Revolv’s fleet electrification platform with our deep experience and unique financing models,” noted Steven Meersman, Founder Director of Zenobē. “We’re grateful to Revolv CEO Scott Davidson and the team at GDEV Management for backing Revolv early on. Now we are taking it to the next stage.”

The deal builds on Zenobē’s established U.S. and Canadian presence, which spans school bus electrification programs in Methuen, Mass., Long Island, N.Y., and Chicago, Ill.; a large-scale transit program under development in Brampton, Ont.; and commercial fleet partnerships across both countries. Globally, the company supports more than 3,400 electric vehicles across 122 depots.

Central to Zenobē’s model is its battery-as-a-service offering, which provides operators with performance guarantees, assumes battery and electrification risk on their behalf, and unlocks residual value through second-life solutions. The approach is designed to lower the barrier to fleet electrification for school bus, transit and commercial operators alike.

Founded in 2017 and backed by KKR and Infracapital, Zenobē employs more than 380 people with expertise spanning electrical engineering, software development, computer science and project finance. The company is the largest owner and operator of electric buses in the U.K., Australia and New Zealand, and leads the Great Britain transmission network in grid-scale battery storage with more than 2.5GWh of assets under contract. Its North American headquarters are in Chicago, with a subsidiary office in New York, and the company is actively hiring across the U.S. and Canada.