Octopus Electric Vehicles (Octopus EV) has agreed a £550m debt securitisation facility from Lloyds Bank to fund electric vehicles, accelerating total EV funding to £1.2bn.
The funds will play a key role in financing Octopus’ flagship EV salary sacrifice programme. Launched in 2021, this scheme enables drivers to save 30-40% each month on a brand new electric vehicle. Octopus offers an all-in-one service, providing a new car, charger and...
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