Street Talk

EV bus builder GoZero clinches $400m valuation; kicks off IPO campaign

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 27, 2025 – 6.00pm

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GoZero Group, the largest electric bus supplier to the NSW government, is charged up and ready to roll as a publicly listed player.

Street Talk can reveal Sydney-based hydrogen start-up accelerator United H2 Limited has signed to acquire the sprawling electric vehicle outfit for circa $400 million, putting it on course for an initial public offering.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.