ENERGY TRANSITION

$4 b deal clears path for heavy-EV fleet rollout

TPG Kinetic takeover signals major push in trucking and bus electrification

TPG’s $4b deal for Kinetic backs a major push to electrify Australia’s heavy transport sector. Pictured: Kinetic Group CEO Michael Sewards in front of electrified buses. | Credits: Kenetic Group

Global asset manager TPG, via TPG Rise Climate, has struck over a $4 billion deal to acquire a 70% stake in transport operator Kinetic Group, focusing on electrifying heavy vehicle fleets and building...

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