Octopus EV appoints Grewal as CEO

Car leasing company Octopus Electric Vehicles has announced the appointment of Gurjeet Grewal as its permanent chief executive officer following a period as interim CEO.

Grewal was one of the very first employees to join Octopus EV back in 2018, taking on the role of director of operations before becoming chief operating officer. 

Since stepping in as interim CEO in January 2025, Gurjeet has overseen a period of expansion. This year, Octopus EV’s fleet has grown from 27,000 to more than 40,000, supported by £1.5 billion in funding from a range of financial institutions. 

Under his leadership, the business has strengthened its position as a platform for electric car leasing and salary sacrifice schemes.

This summer Octopus launched a vehicle-to-grid (V2G) partnership with BYD, unlocking a car, charger and unlimited charging at a bundled monthly price. Octopus EV also recently started workinh abroad with the launch of its EV business in Germany.  

Gurjeet Grewal, CEO of Octopus Electric Vehicles, said: “I’m incredibly proud to have been part of Octopus EV’s journey from the very beginning. We’ve built something truly special – a mission-driven team that’s transforming mobility as we know it. As we enter our next phase of growth and move into different countries, we’ll continue to make electric driving simpler, smarter, and more affordable for everyone.”

Fiona Howarth, who founded Octopus Electric Vehicles in 2018 and led it through its remarkable growth story, will continue as founder and director. She will be working with Grewal and the senior team on strategic partnerships and innovation. She said: “Gurjeet has been a driving force behind Octopus EV from day one. His leadership, vision, and passion for the mission make him the perfect person to lead us into this next chapter. I’m excited to continue working alongside him as we supercharge the transition to electric driving.”