Zeti, a leading provider of financial services technology to manage consumption-based electric vehicle (EV) and infrastructure financing, today announced a significant investment by Powerhouse Ventures.
Zeti is helping forward-thinking fleet operators convert to electric vehicles by making it as simple, easy and transparent as paying for any other utility. Plus, it’s enabling institutional financiers to generate attractive risk-adjusted returns in a new clean asset class comparable to an investment in renewable energy.
Zeti acts as a platform for institutional financiers to invest in clean, connected vehicle fleets through a pay per mile (or km or kWh) model; managing automated payments and real-time financial and sustainability reporting for financiers and fleet operators via its digital platform, ZERO.
Emily Kirsch, Powerhouse Ventures founder and managing partner, said “Powerhouse is excited to have made one of our largest investments to date to support Zeti, an innovative fintech with a disruptive business model.
“Consumption-based financing is set to play a major role in the future of mobility, and Zeti’s unique technology provides compelling advantages to both fleet operators and sources of capital, accelerating the growth of EV and infrastructure adoption.”
Dan Saunders, Zeti CEO, said: “We are delighted that Powerhouse has chosen to join existing founder, executive and seed investors to support Zeti’s continued growth.
“Already this year committed deployment of EVs to the ZERO platform has more than tripled, with demand from both fleet operators and financiers accelerating rapidly in both Europe and US markets.”
