Zenobē, a fleet electrification company, has expanded its North American footprint through the acquisition of Revolv, a California-based commercial fleet electrification company backed by GDEV Management. The deal marks Zenobē’s entry into the U.S. electric truck and commercial fleet segment, reinforcing its strategy to scale electrification across multiple transportation categories.
The acquisition adds 13 operational sites and more than 100 electric trucks in California, along with a pipeline of additional projects under development. It also strengthens Zenobē’s existing presence in student transportation and public transit across the U.S. and Canada, while integrating Revolv’s commercial fleet expertise into its operations.
Zenobē will assume operational responsibility for Revolv’s existing customer sites and fleets, ensuring continuity as the companies integrate. The move comes amid rapid growth in the U.S. zero-emission truck market, with tens of thousands of vehicles already deployed nationwide, particularly concentrated in California.
The combined platform is designed to deliver end-to-end electrification solutions, including vehicles, charging infrastructure, financing, and battery lifecycle management. Zenobē’s battery-as-a-service model remains central to its approach, offering performance guarantees, risk management, and second-life battery value optimization for fleet operators.
Globally, Zenobē supports over 3,400 electric vehicles across 122 depots and is a major operator of electric buses and grid-scale battery storage systems. The company is backed by KKR and Infracapital and continues to scale its North American operations from its Chicago headquarters.
The acquisition reflects broader momentum in commercial fleet electrification, particularly as operators seek integrated solutions that address cost, infrastructure, and long-term battery performance.
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“Revolv’s end-to-end fleet electrification model is highly complementary to Zenobē’s global experience and our growth plans in North America. 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.”
Andreas Lips, President of EV North America at Zenobē
“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. 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.”
Steven Meersman, Founder Director of Zenobē
“This acquisition reflects our shared belief in the long-term opportunity for fleet electrification and the important role private infrastructure capital can play in accelerating the global energy transition. We are pleased to support Zenobē as it continues to scale its North America platform.”
Shreya Malik, Managing Director, Infrastructure at KKR
“Since first investing in 2020, we have worked alongside Zenobē to support its expansion, and we’re proud to continue backing the business as it scales its premium fleet electrification capabilities in North America. The addition of Revolv marks another important milestone, providing a strong foundation for further growth in this vital, hard to decarbonize sector.”
Priya Veerapen, Managing Director at Infracapital
