Vehicle leasing specialist Octopus Electric Vehicles (Octopus EV) has extended and upsized its funding line from global banks, bringing its total funding to £2 billion.
The deal will allow Octopus to expand its EV fleet, pushing it from 40,000 cars currently to more than 75,000 once all funds are deployed.
An initial funding line agreed with Lloyds in 2023 has now joined by international banks Morgan Stanley and Crédit Agricole CIB.
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