Without electric vehicles, there would be no need for the wonderful world of Electroverse so we’re always excited to see investments being made in the EV space, especially when the call is coming from inside the house!
On Monday, it was announced that Octopus Electric Vehicles had secured a £550 million debt securitisation facility from Lloyds Bank. That's over half a billion pounds, yes you heard us, billion with a B!
The significant investment will accelerate the adoption of EVs and bring the total funding for Octopus Electric Vehicles to £1.2 billion. In a nutshell, that means more affordable brand spanking new electric cars for all you lovely lot!