Business

NatWest contract octopus to accelerate the electric vehicle business

Renewable energy supplier Octopus has signed a multi-million pound loan agreement with NatWest to accelerate its electric vehicle business.


Renewable energy supplier Octopus has signed a multi-million pound loan agreement with NatWest to accelerate its electric vehicle business.

The high street lender Lombard division has provided Octopus Electric Vehicles with a credit line to help them buy a £ 500 million car next year from Tesla, Volkswagen, Nissan and others.

Leading Way: Octopus Leases Electric Vehicles to Companies Trying to Reduce Carbon Emissions in Their Vehicle Fleet

Octopus leases cars to companies seeking to reduce carbon dioxide emissions in their car fleets.

The company provides employees with cars. Employees pay a portion of their total salary to cover the cost of buying and driving a car. It’s usually £ 35 less per month than a petrol or diesel car.

Co-op Energy and Purplebricks are two of the 550 companies that have signed up for the Octopus scheme.

advertisement

NatWest contract octopus to accelerate the electric vehicle business

Source link NatWest contract octopus to accelerate the electric vehicle business

Back to top button