Octopus Electric Vehicles secures £150m from Pollen Street Capital to scale its EV scheme
Pollen Street Capital backed the electric vehicle leasing specialist to support its expansion.
Octopus Electric Vehicles operates an electric vehicle leasing business in the UK, providing integrated packages that combine cars, home chargers, and energy tariffs. The firm also runs a salary sacrifice scheme for corporate clients.
Octopus Electric Vehicles has secured £150m in funding from Pollen Street Capital to expand its electric vehicle salary sacrifice scheme and extend its reach.
The latest capital injection follows a strong period of growth for the business, which was founded to make driving electric cars more accessible through bundled vehicle, charger, and energy packages. The company currently serves around 3,000 corporate clients, including major brands such as McLaren, Nando's, and Zoopla.
Alongside the funding announcement, the company has also launched its services in the US market. The business has built a team of over 225 employees across multiple UK offices since it began operations.
Use of funds
- 01Expand into international markets
Investors
About the company
Octopus Electric Vehicles
Octopus Electric Vehicles provides electric vehicle leasing and charging services for drivers and businesses.