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Octopus EV, UK secures GBP 550 million securitization facility to fund electric vehicles

Dec 05, 2023

Octopus Electric Vehicles (Octopus EV), part of the Octopus Energy Group, agreed to a GBP 550 million debt securitization facility from Lloyds Bank to fund electric vehicles, accelerating total EV funding to GBP 1.2 billion.
The funds from this deal will play a pivotal role in financing Octopus’ flagship EV salary sa....

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