Charged up: Octopus Electroverse launches EV charging solution for businesses

• Octopus’ award-winning EV charging solution now available for businesses
• Available to sign up to today, initially targeting SMEs
• Comes as Electroverse surpasses 430,000+ charge points globally

London, Tuesday 23rd May 2023 - Octopus Energy’s Electroverse today launches its new solution for businesses, unlocking its cutting-edge and seamless electric vehicle (EV) public charging experience for even more people.

The new product, which is in Beta phase, will allow businesses to manage their EV fleets through a slick new online platform, with customisable reporting functions. It will help overcome typical challenges businesses face when managing an EV fleet.

Companies can view and download charging history details like where and when charges took place and how much they cost – all in one dashboard. It can be broken down by group or individual driver. All charges appear in one consolidated invoice, enabling a full overview of the business’ EV charges at the tap of a finger.

Employees won’t be out of pocket, saved from clunkily expensing back public charging costs. The Electroverse EV roaming service app gives them instant access to pay at over 430,000 public charge points from over 470 brands globally. Charging is made as easy as a tap of the Electroverse card.

Drivers will also be able to access Electroverse’s award-winning features like the interactive global map showing chargers and availability, a route-planner to plan journeys, and in-car support with Apple CarPlay, AndroidAuto and more.

It comes as EVs continue to climb in popularity with over 20,000 new car deliveries in April alone*. As more businesses choose EVs, Electroverse’s solution will give them confidence to make this change.

Matt Davies, Director of Octopus Electroverse, said: “Electroverse is revolutionising EV public charging, with just one card and app to use with hundreds of charge point brands. With access to over 430,000 public charge points, we’re over the moon to now bring our simple and seamless EV charging solution to businesses. This will be a game-changer for companies making the switch and will help them manage their EVs easier than ever before.”

The Electroverse for Business Beta phase is available for businesses to sign up to today - with more information at this link. The subscription-based model will follow shortly. They’re first targeting SMEs, with an ambition to be for businesses of all shapes and sizes later this year.

-ENDS-

Notes to editors:

Sources:

*Society of Motor Manufacturers and Traders (SMMT), April 2023 figures

Press Contacts

Octopus Energy Group

Amy Boekstein

PR Manager

amy.boekstein@octoenergy.com

+44 (0)20 4530 8369

About Octopus Electroverse

Launched in summer 2020, Octopus Electroverse is Octopus’ answer to the frequent complaint that Electric Vehicle (EV) drivers need many different apps and cards to use the many different brands of EV charging stations. Electroverse is making public charging simple by having just one card and one app, with zero added costs or ongoing fees, and support for the latest in-car technology.

EV drivers across the globe can now access over 430,000 different charge points from more than 470 different charging operators. Electroverse is open to anyone, and Octopus Energy customers have the option of linking their public EV charging with their home energy bill for the ultimate simplicity. Electroverse (previously Electric Juice) won ‘Best EV Innovation’ at Driving Electric Awards 2021 and ‘Best Use of Technology’ at UK Business & Innovations Awards 2022. For more information on Electroverse, head to our website.

About Octopus Energy Group

Octopus Energy Group is a global energy tech pioneer, launched in 2016 to use technology to unlock a customer focused and affordable green energy revolution. With operations in 14 countries, Octopus Energy Group has a truly global reach.

Octopus’s retail energy arm already serves 5.4 million customers globally with cheaper greener power, through Octopus Energy, Bulb, Affect Energy, Ebico, London Power and Co-op Energy. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. Octopus Energy Generation is one of Europe’s largest investors in renewable energy, managing a nearly £6 billion portfolio of renewable energy assets across the globe.

All of these are made possible by Octopus’s tech arm, Kraken Technologies, which offers a proprietary, in-house platform based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralised, decarbonised energy system. This technology has been licensed to support 30 million customer accounts worldwide, through deals with EDF Energy, Good Energy, E.ON energy and Origin Energy.

In December 2021, Octopus Energy Group was valued at approximately $5 billion following investments from Generation Investment Management and Canada Pensions Plan Investments Board. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. These were the company’s third and fourth major investments since launching to the market. For more information, check out our website.