Zeno, an electric mobility and distributed energy services company, has raised $25 million through a combination of Series A equity and debt financing. The equity round was led by Congruent Ventures, with participation from existing and new investors. Debt facilities were provided by Trifecta Capital and Camber Road.
The company states that its model integrates charging infrastructure with vehicle and battery development. Zeno previously raised $9.5 million in seed funding led by Lowercarbon Capital.
Zeno currently operates in four cities across East Africa and has established a charging network of more than 150 charge point locations. The company has developed a multi-modal charging system for two- and three-wheel vehicles. Its charging model includes swap stations, plug-in public fast chargers, and home charging options.
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“Having been an early supporter of Zeno, AdvantEdge is thrilled to invest an additional $2 million as the company enters this next phase of rapid scale. While Zeno has already proven its operational excellence in East Africa, we see a tremendous opportunity for their interoperable, multi-modal charging platform in India. The Indian rider-sharing two-wheeler market is ready to be disrupted, and Zeno’s ability to provide high-performance EVs with 50% lower operating costs than traditional engines—backed by a team of former Tesla, Ather, Zoom & Ola Electric leaders—makes them uniquely positioned to lead the energy transition across both continents.” said Kunal Khattar, Partner at AdvantEdge Founders.
Sources:
- https://evreporter.com/zeno-raises-25-million-in-series-a-equity-and-debt-financing/
- https://techcrunch.com/2026/03/05/zeno-raises-25m-to-speed-up-production-of-its-battery-swap-motorbikes/
- https://finance.yahoo.com/news/zeno-raises-25m-speed-production-150223845.html
- https://autoevtimes.com/zeno-raises-25m-to-scale-their-electric-vehicle-ecosystem/