Clean energy holding company United H2 Limited (UHL) signed an agreement to acquire GoZero Group Limited (GoZero) in a strategic move to expand its presence in the zero-emission mobility sector. The transaction, valued at circa AUD 400 million (US$248 million) will see UHL take full control of GoZero and its subsidiaries, including e-bus manufacturer, Nexport, and bus charter business, NSBC Group.

GoZero, an Australian-based provider of zero-emission transport solutions, has played a pivotal role in electrifying commercial bus and truck fleets in Australia, manufacturing and distributing more ethan 250 electric buses and trucks, with an additional 360+ units in the pipeline. The company also operates a fleet of over 350 charter buses and has invested more than AUD $300 million in strategic assets, electric vehicles and infrastructure.

United H2 Limited is a global clean energy holding company with 15+ investments covering the entire sector, from infrastructure to mobility, with projects across Australia, Asia, Europe, North America and South America. UHL’s proven track record includes building multiple clean energy businesses, delivering a 12x return on capital invested.

To align with this acquisition, United H2 Limited will rebrand as New Energy Opportunities Limited (NEO), subject to shareholder approval. This name change reflects an expanded focus on clean energy solutions and strengthens brand clarity, the company said.