The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNEX.L Share News (NEX)

  • There is currently no data for NEX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Zenobe signs deal with UK's National Express for 130 electric buses

Tue, 15th Feb 2022 09:00

LONDON, Feb 15 (Reuters) - Zenobe has signed an agreement to provide 130 electric buses to public transport group National Express that will see the UK startup provide everything from new vehicles to charging infrastructure, replacement batteries and spare parts.

The buses, made by NFI Group unit Alexander Dennis Limited (ADL) with powertrain and motor supplied by BYD Co Ltd , will be run by National Express in the British city of Coventry.

The project will be part financed by Zenobe and National Express, with some funding coming from the UK Department of Transport.

Many countries and municipalities plan to switch to electric buses, but the transition is expensive for local governments. Electric models still make up just a small proportion of the buses on the world's roads.

Zenobe specialises in battery management on large electric vehicles (EVs) and in "second life" uses such as long-term energy storage once their ability to power those big EVs diminishes.

Steven Meersman, founder of Zenobe, said the startup's "turnkey" solution is designed to aid transport companies transitioning to EVs by handling charging, providing charging infrastructure and ensuring access to spare parts.

The startup charges a monthly fee for its EV fleet management service.

"We're taking on more risk on the operational side," Meersman said. "We'll guarantee you that the vehicle will always be available or you don't pay."

More News
8 Dec 2021 11:49

Stagecoach half-year revenue and profit rise as merger talks continue

Stagecoach half-year revenue and profit rise as merger talks continue

Read more
8 Dec 2021 07:58

Stagecoach profit jumps but business softens

(Sharecast News) - Stagecoach's first-half profit rose sharply as the bus and coach operator's business revived but it said bad weather and changing Covid-19 guidance had caused business to soften.

Read more
3 Dec 2021 16:21

EXECUTIVE CHANGES: New chairs for Kenmare Resources and East Imperial

EXECUTIVE CHANGES: New chairs for Kenmare Resources and East Imperial

Read more
22 Nov 2021 09:25

LONDON BROKER RATINGS: Stifel cuts Auto Trader to Hold from Buy

LONDON BROKER RATINGS: Stifel cuts Auto Trader to Hold from Buy

Read more
16 Nov 2021 10:35

National Express and Stagecoach extend merger talks into December

National Express and Stagecoach extend merger talks into December

Read more
16 Nov 2021 08:01

National Express receives extension for Stagecoach takeover deadline

(Sharecast News) - Public transport operators Stagecoach and National Express said on Tuesday that the deadline for their potential merger had been extended to 14 December, with reciprocal due diligence now at an advanced stage as "constructive discussions" between the pair regarding the possible all-share combination continued.

Read more
18 Oct 2021 09:37

UPDATE 2-London's FTSE 100 falls on rate hike worries; Playtech soars

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* The Hut Group gains on giving up founder's 'golden share'* Playtech soars on $2.89 billion takeover deal* Top UK CFOs expect persistent sup...

Read more
18 Oct 2021 09:19

National Express and Stagecoach extend merger talks into November

National Express and Stagecoach extend merger talks into November

Read more
18 Oct 2021 08:09

LONDON BRIEFING: Playtech accepts GBP2 billion Australian takeover

LONDON BRIEFING: Playtech accepts GBP2 billion Australian takeover

Read more
18 Oct 2021 08:00

National Express given more time for Stagecoach bid

(Sharecast News) - UK bus and train operator National Express has been given until November 16 to make a bid for rival Stagecoach, the two companies said on Monday.

Read more
18 Oct 2021 07:15

UK's National Express given more time to bid for Stagecoach

LONDON, Oct 18 (Reuters) - British transport group National Express now has until Nov. 16 to make a firm offer for takeover target Stagecoach Group, both companies said on Monday after the regulator extended a deadline.The pair first announced tha...

Read more
14 Oct 2021 12:05

National Express quarterly revenue improves; Stagecoach talks ongoing

National Express quarterly revenue improves; Stagecoach talks ongoing

Read more
14 Oct 2021 11:06

SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

Read more
14 Oct 2021 09:09

National Express moves closer to pre-pandemic revenue levels

(Sharecast News) - National Express reported a "sequential improvement" in performance in the third quarter on Thursday, with revenue up to 83% of the equivalent period ore-pandemic in 2019 on a constant currency basis, compared to 76% in in the second quarter.

Read more
13 Oct 2021 16:09

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.