Pantheon Infrastructure PLC - London-headquartered investment fund focused on infrastructure interests - Commits to investing approximately £35 million in London-based battery storage and electric vehicle fleet specialist Zenobe. Agreement made through co-investment vehicle managed by European infrastructure investor Infracapital. Says since founding in 2017, Zenobe has delivered 435 megawatts of grid-connected battery capacity and leased around 1,000 EVs to bus operators.

Richard Sem, partner at investment manager Pantheon Ventures (UK) LLP, says: ‘We are thrilled to announce this latest transaction in a highly attractive sub-sector, which brings more diversification to [Pantheon Infrastructure’s] portfolio. Renewables and energy efficiency assets continue to benefit from strong tailwinds...We are delighted to partner with a high-quality sponsor on this transaction and look forward to working with Infracapital to deliver returns for our investors from this asset going forward.’

Current stock price: 75.81 pence

12-month change: down 27%

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