Clean Energy Finance Corporation invests $22m in electric trucks
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The news: The Clean Energy Finance Corporation has committed up to $22 million to electric fleet business Zenobē Australia to acquire 148 battery electric trucks.
The context: The funding will see the trucks leased to Woolworths and builds on the $6 million the CEFC invested in 2025.
Zenobē retains ownership of the trucks while Woolworths deploys the trucks during the lease term without taking on end-of-life risk.
Overall, the CEFC has committed $260 million in electric vehicle related projects.
What they said: CEFC head of infrastructure Julia Hinwood said: “This investment reflects the commercial viability of BETs and enables Zenobē to set competitive rentals to incentivise customers to lease BETs. Backing deployments in hard-to-abate sectors like freight helps normalise new technologies and bring in wider private investment.”
Zenobē country director for Australia and New Zealand, Gareth Ridge, said rolling out hundreds of electric trucks was almost unheard of in Australia’s freight sector.
“Together with Woolworths and the CEFC, we’re proving that large-scale zero-emissions logistics is no longer a pilot, it’s commercially viable and operationally proven,” he said.
The source: CEFC media release
