Zeti, an innovator in FinTech for clean transport adoption, has raised £5 million from private equity firm HYCAP Group.
Zeti will join Oxford-based HYCAP’s rapidly growing portfolio of net zero assets and infrastructure companies, which already include Wrightbus, Ryze, Hygen and Yamna.
The investment by HYCAP marks a significant milestone in Zeti’s journey to date, having already received investment from leading sustainability investors Powerhouse and Toyota Ventures.
It will enable Zeti to further enhance and accelerate the distribution of its pioneering Zeti Hub digital platform to provide a fully financed and integrated transport-as-a-service solution – making it easier and more cost-effective for businesses of all sizes to adopt clean transport solutions, including its market leading pay-as-you-use model, alongside real-time sustainability reporting.
With over 4,500 vehicles now on their platform ‘Zeti Hub’, demand for Zeti’s solution has continued to grow on multiple fronts – from institutional lenders seeking to efficiently manage investments into zero and ultra-low emission transport assets, fleet operators wanting access to flexible digital financing, and vehicles manufacturers and solution suppliers seeking sales and financing support.
“We are delighted to welcome HYCAP Group as an investor into Zeti,” said Dan Saunders, founder & CEO of Zeti.
“HYCAP have demonstrated their commitment to helping the transition to net zero. Their investment will further enhance our ability to offer flexible financing options to accelerate the adoption of clean transport solutions on a larger scale.”
Scott Lanphere, HYCAP’s chief investment officer, said Zeti was a welcome addition to the portfolio.
“Zeti represents the future of energy transition asset management, combining Software as a Service, financial payments, and hard asset reporting,” he said.
“If it can be measured, Zeti can show it in real-time. Its platform has applications well beyond mobility and brings the energy transition space into sharper focus. We are very pleased to be backing the company’s vision and execution.”