The electric truck market is tanking—but this billionaire investor is expanding in California [Los Angeles Times (CA)]
KKR & Co. Inc. (KKR)
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Source: Los Angeles Times
The move signals long-term confidence at a time when many green industries are slowing down. Zenobe Energy announced Thursday that it purchased San Francisco-based Revolv for an undisclosed amount. Revolv operates 13 fleet charging facilities in California. Zenobe also is on the lookout for acquisition opportunities in states including Illinois, New York and Massachusetts, as the company aims to scale up its truck electrification operations, said Andreas Lips, who leads Zenobe's electric vehicle business in North America. “California is clearly the anchor,” Lips said. “But overall, North America is our ambition.” Zenobe offers fleet electrification and battery energy storage in a number of other countries, including the UK, Australia and Canada. While the purchase of Revolv is its first US heavy-duty truck charging foray, Zenobe has electrified school buses in several states. Since it began operations in 2017, the company has raised more than $3 billion in equity and debt fundin
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News
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KKR
Earnings
- 2/5/26 - Beat
KKR
Sec Filings
- 3/13/26 - Form DEFA14A
- 3/5/26 - Form 4
- 3/3/26 - Form 4
- KKR's page on the SEC website