Octopus Electric Vehicles raises £650m to boost electric car transition

Fiona Howarth, chief executive of Octopus Electric Vehicles

Fiona Howarth, chief executive of Octopus Electric Vehicles

Octopus Electric Vehicles, part of the Octopus Energy Group, has agreed a deal for £150m of funding from Pollen Street Capital as it continues to offer packages for drivers making the switch to an electric car.  

The deal takes Octopus’ total EV funding raised to more than £650m in just two years. Collectively, these cars will save more than 32,000 tonnes of CO2 per year while on the road.

The funds will primarily finance Octopus’ flagship EV salary sacrifice...