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News
November 2025
Foresight welcomes TPG Rise Climate as majority shareholder in Kinetic
We are pleased to announce that TPG Rise Climate, the climate-focused investing platform of global alternative asset manager TPG, will become the new majority shareholder in Kinetic, Australasia’s leading mass transit operator. As part of the transaction, Foresight will retain a 30% stake, continuing our support for Kinetic’s long-term growth and decarbonisation journey.
This investment marks a significant milestone for Kinetic and underscores its leadership in delivering safe, reliable, and sustainable transport across Australia, New Zealand, the UK, and beyond.
With more than 12,000 buses, 400 trains, and 36,000 employees worldwide, Kinetic plays a pivotal role in connecting communities while advancing the global transition to zero-emission mobility.
Since Foresight’s investment in 2020, Kinetic has achieved substantial progress:
- Expanded its operational footprint in key domestic and international markets
- Accelerated fleet electrification, operating over 300 electric buses and 11 electric depots in Australasia
Through its TPG Rise Climate Transition Infrastructure strategy, TPG brings strong expertise in electrification and clean mobility, supporting Kinetic as it scales its zero-emission operations across existing and new markets. The partnership combines Foresight’s commitment to responsible infrastructure investment with TPG’s global climate investing capabilities, reinforcing Kinetic’s capacity to deliver sustainable transport solutions at scale.
Kinetic has demonstrated leadership in delivering sustainable transport solutions globally that align closely with Foresight’s commitment to responsible investment and decarbonisation. Since our initial investment in 2020, we have been proud to support Kinetic’s continued growth and contribution to the transition towards a low-carbon transport economy. We are pleased to welcome TPG Rise Climate as a like-minded partner as we continue to back Kinetic’s mission to create cleaner, more resilient transport networks.
Edward Lloyd
Head of Forsight Australia
Kinetic continues to operate more than 300 contracts globally, with recent expansions in Melbourne, London, Singapore, Ireland, and New Zealand. In Australasia, the company has launched a new 10-year public transport contract with the Victorian Government, introduced the Eastern Express service in Melbourne through its SkyBus brand, and committed to an $80 million investment in a fully electric SkyBus fleet through 2034.
Through its majority-owned subsidiary, Go-Ahead Group, Kinetic also runs one of the UK’s largest zero-emission bus fleets and has recently expanded operations in Europe, including London’s Elizabeth Line and Stockholm’s Metro network.
The continued partnership between Foresight, Kinetic, and TPG Rise Climate reinforces a shared commitment to sustainable infrastructure, operational excellence, and long-term value creation.
