Zeti, an ESGFinTech100 company, has announced a £5m investment from HYCAP Group, a UK-based net zero energy transition investor, as part of its Series A financing.
The £5m investment from HYCAP Group, which focuses on net zero energy transition, is a significant milestone for Zeti. HYCAP’s portfolio already includes companies such as Wrightbus, Ryze, Hygen, and Yamna.
Zeti, known for its pioneering Zeti Hub digital platform, provides a fully financed and integrated Transport as a Service (TaaS) solution. This platform offers businesses of all sizes an easier and more cost-effective way to adopt clean transport solutions, including a market-leading pay-as-you-use model and real-time sustainability reporting.
With the new funding, Zeti plans to enhance and accelerate the distribution of its Zeti Hub platform. The platform currently supports over 4,500 vehicles and has seen growing demand from institutional lenders, fleet operators, and vehicle manufacturers. These stakeholders are looking to efficiently manage investments in zero and ultra-low emission transport assets, access flexible digital financing, and receive sales and financing support.
Dan Saunders, Founder & CEO of Zeti, expressed his enthusiasm about the new partnership. “We are delighted to welcome HYCAP Group as an investor into 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.”
HYCAP’s Chief Investment Officer, Scott Lanphere, highlighted the significance of this investment. “Zeti represents the future of energy transition asset management, combining Software as a Service (SaaS), financial payments, and hard asset reporting. 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.”
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