Key Takeaways
- • DigitalBridge and Aberdeen Investments completed the combination of ZEMobility and VGMobility on September 23, 2026, creating a unified electric-bus platform branded as ZEmobility with over 5,400 buses across Colombia and Chile.
- • The combined platform operates under 16 long-term, government-backed concessions concentrated in Bogotá and Santiago, structured as availability-based lease arrangements.
- • Pre-combination fleet counts totaled approximately 2,800 buses for ZEMobility and 2,600 buses for VGMobility, with the merged entity remaining co-owned by DigitalBridge and Aberdeen Investments.
- • The transaction consolidates Latin American transport electrification infrastructure under dual institutional ownership, leveraging government-backed contracts to generate stable, long-term cash flows in two major metropolitan markets.
Summary
DigitalBridge and Aberdeen Investments finalized the combination of their electric-bus operating platforms ZEMobility and VGMobility on September 23, 2026, creating a consolidated platform operating as ZEmobility. The merged entity now manages a fleet exceeding 5,400 buses across Colombia and Chile under 16 long-term government-backed concessions, representing a significant consolidation in Latin American transport electrification.
The pre-combination asset base consisted of approximately 2,800 buses operated by ZEMobility and 2,600 buses operated by VGMobility, with operational concentration in the region's two largest metropolitan transit markets: Bogotá, Colombia and Santiago, Chile. The underlying contracts are structured as long-term, availability-based lease arrangements backed by government counterparties, providing predictable, contracted revenue streams typical of essential infrastructure assets.
The combined platform remains jointly owned by DigitalBridge and Aberdeen Investments, preserving the dual-sponsor structure. For institutional allocators focused on Latin American infrastructure and transport electrification, the transaction consolidates scale within a single operating entity while maintaining exposure to government-backed, long-term contracted revenue in two major emerging-market cities undergoing transport modernization. The availability-based lease structure provides operational efficiency incentives while transferring demand risk to government concessionaires, a structural feature that appeals to institutional infrastructure investors seeking stable, non-discretionary cash flows.
The pre-combination asset base consisted of approximately 2,800 buses operated by ZEMobility and 2,600 buses operated by VGMobility, with operational concentration in the region's two largest metropolitan transit markets: Bogotá, Colombia and Santiago, Chile. The underlying contracts are structured as long-term, availability-based lease arrangements backed by government counterparties, providing predictable, contracted revenue streams typical of essential infrastructure assets.
The combined platform remains jointly owned by DigitalBridge and Aberdeen Investments, preserving the dual-sponsor structure. For institutional allocators focused on Latin American infrastructure and transport electrification, the transaction consolidates scale within a single operating entity while maintaining exposure to government-backed, long-term contracted revenue in two major emerging-market cities undergoing transport modernization. The availability-based lease structure provides operational efficiency incentives while transferring demand risk to government concessionaires, a structural feature that appeals to institutional infrastructure investors seeking stable, non-discretionary cash flows.
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