OCTOPUS Electric Vehicles (Octopus EV) has upsized its funding to push its UK fleet from 40,000 cars to more than 75,000 once all funds are deployed.
New backing from leading banks Lloyds, Morgan Stanley, and Crédit Agricole CIB brings its total EV funding to £2 billion.
Since the company’s foundation in 2018, Octopus EV’s fleet has grown from 27,000 to more than 40,000. At its current size, if it were in the FN50, Octopus EV would be 13th, above Ogilvie.
Octopus EV offers all-in-one EV package including a leased car, bespoke EV tariffs, home chargers and access to Europe’s largest public charging network Electroverse. Last month it appointed Gurjeet Grewal as its new Chief Executive Officer.
“Electric momentum is surging across the UK and Europe. Every month, thousands more drivers are discovering just how affordable and enjoyable making the switch can be – and this fresh funding from Lloyds, Morgan Stanley and Crédit Agricole will allow us to bring even more zero-emission cars onto UK roads.”
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