Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Zilch Acquired By Carbn - Acquisition To Accelerate NZ’s Low Carbon Fleet Transition

New Zealand’s leading sustainable fleet financing and advisory business, Carbn, has acquired electric mobility company Zilch, with the move to help Kiwi businesses reimagine how they manage their transportation.

Carbn CEO Shaun Drylie says the acquisition is a big step forward, linking the innovative financing and sustainability advice services of Carbn with the car-sharing technology and state-of-the-art fleet management services of Zilch.

“This is a powerful combination that will speed up our shared purpose of transitioning New Zealand to low-carbon transport and greater optimisation, efficiencies, and reduced corporate and government fleet sizes.”

“As well as providing fleet technology, advice, and financing, we can now also provide EV car sharing services, making us a one stop shop for organisations looking to reduce their fleet emissions.

“This acquisition creates significant expansion opportunities for the Carbn Group and we look forward to expanding our partnerships, including with investors, who want to be part of this exciting future.”

Carbn was founded in July 2020 and works to reduce fleet emission through advisory services and finance solutions.

Zilch and Carbn have worked closely together since Carbn’s inception and have joint clients including ASB Bank, Genesis, and Xero.

“We’re rethinking the entire private and corporate car ownership model New Zealanders take for granted because it’s broken,” says Samantha Sharif, Chair of Carbn Group.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

“The reality is that having a fleet vehicle for every potential driver is not sustainable or a good use of resources. The work we’re doing is helping businesses operate more efficiently - and reduce their carbon footprint. A win/win for everyone.”

Zilch Co-Founder Kirsten Corson (and incoming Chair of Drive Electric), says the sale of Zilch to Carbn will allow their early vision to be realised.

“We've always been at the forefront of pushing for a greener New Zealand, and with this sale, we know that Carbn will be able to accelerate this transition,” says Corson.

Zilch CEO and Co-founder David Jenkinson says, “I’m incredibly proud of what we have achieved and built at Zilch over the past five years and we are pleased to be able to sell Zilch to a business that has shared values and we had a part in creating. This new chapter is not only an exciting step forward for our company but for Aotearoa as a whole.”

About Carbn:

Carbn empowers businesses to transition their fleets to low carbon solutions, by offering transitional advice, flexible finance, and innovative technologies that reduce carbon, but not convenience.

Carbn was established in July 2020 and is 92% owned by New Zealand Green Investment Finance (NZGIF), New Zealand’s government green investment bank, established with the purpose of accelerating investment to enable Aotearoa New Zealand’s low carbon future.

Carbn’s aim is to help with the acceleration of decarbonisation in New Zealand by thinking differently about transportation, driving real impact, and providing pragmatic solutions.

We encourage companies that want to optimise their vehicle fleets, reduce carbon and save on costs, to visit www.carbn.nz.

About Zilch:

Zilch, formerly Yoogo Share, was launched in Christchurch in 2018 with EV Public car sharing. The organisation expanded in 2020 to support businesses to decarbonise their own fleets using specialist tech and service which they call eMaaS. Zilch offers this service nationally.

Transaction:

Carbn is acquiring Zilch’s technology, team, and assets, including its fleet. All team members will remain on board, with further roles advertised to meet expansion plans.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.