Octopus Electroverse

What Octopus Electroverse does

Octopus Electroverse Limited operates an EV charging roaming platform that aggregates more than 1,300 charging networks and approximately 1.4 million chargers across the UK and Europe behind a single consumer mobile app (iOS and Android), an RFID Electrocard, and in-vehicle integrations with Android Auto and Apple CarPlay. The company is a wholly-owned subsidiary of Octopus Energy Group Limited, was established as a UK private limited company (number 15274675) in 2023, and is headquartered at UK House, 164-182 Oxford Street, London. It is self-described as the UK's largest and Europe's largest public charging network, with differentiated features including Plunge Pricing (dynamic grid-responsive pricing offering up to 45% savings when the grid is green) and automated home charging reimbursement for fleet drivers.

The business operates a two-sided model. On the consumer side, individual EV drivers can join Electroverse for free in under 30 seconds with no subscription or transaction fees; Octopus Energy's Go and Intelligent Go customers receive 5% and 8% discounts respectively on public charging. On the enterprise side, the Octopus Fleet platform (launched 2024) bundles public charging access, home charging reimbursement, Visa-powered Payments and Fleet cards issued via FCA-authorized Enfuce UK Ltd, and salary sacrifice schemes for both EVs and public charging costs, with named enterprise references including The AA, Addison Lee, and Geely Auto UK. Revenue streams include usage-based pass-through fees on public charging, monthly seat fees per user membership in the Electroverse Platform, percentage-based processing fees on Fleet Card transactions, optional subscription plans, and hardware sales (EV chargers, solar, battery) installed through Octopus Energy. Geographic coverage spans the UK plus Germany, France, the Netherlands, Belgium, Norway, and Ireland, with self-claimed global sign-up availability.

Name

Octopus Electroverse

Legal name

Octopus Electroverse Limited

Website

https://electroverse.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

51–100 employees

Short description

Octopus Electroverse operates an EV charging roaming platform aggregating 1,300+ networks and 1.4M+ chargers across the UK and Europe into a single app and RFID card. It serves individual EV drivers through its consumer Electroverse product and business fleets through the Octopus Fleet enterprise platform.

Ownership category

akta.pro rank

Product category

EV Charging Platform

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)

akta.pro secondary industries

EV Charging Settlement, Billing & Roaming (Payments, Tariffs, Clearing) (EUAFAMAI), EV Charging Payment & Reimbursement Programs (Public/Depot Charging) (TLABAMAK), EV Fleet Management & Charging Solutions (THADAKAJ)

Keywords

• EV charging network
• EV roaming platform
• Fleet charging management
• EV charging payments
• Electric vehicle infrastructure

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Public Charging Transaction Fees: Usage-based fees collected from EV charging sessions at public charge points. Rates are set by charge point operators and passed through with exclusive discounts where available. No subscription or transaction fees for basic users.
2. Seat Fees (Business Accounts): Monthly subscription fees per user membership assigned in the Electroverse Platform for business accounts. Separate seat fees apply per membership type (Public Charging, Home Charging Reimbursement, Payment Services).
3. Processing Fees (Fleet Cards): Percentage-based fees on payment transactions for Fleet Cards, in addition to the transaction amounts. Applied to fuel merchants and other eligible business expenses.
4. Subscription Plans: Optional subscription services offering discounted charging rates and exclusive offers, auto-renewing monthly with 14-day cooling off period.
5. EV Chargers & Installation: Sale and installation of EV chargers, solar, and battery solutions for homes and commercial properties through Octopus Energy services.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Octopus Electroverse operates an EV charging roaming platform that aggregates 1,300+ charging networks across the UK and Europe, providing access to 1.4 million+ chargers through a single mobile app (iOS/Android), an RFID Electrocard, and in-car integrations (Android Auto, Apple CarPlay). For businesses, the Octopus Fleet platform bundles public charging access, automated home charging reimbursement, Visa-powered payment and fleet cards, and salary sacrifice schemes for EV charging into a unified fleet management solution.

Product overview

Octopus Electroverse operates as a unified EV charging platform and roaming network encompassing both consumer and business offerings. The core Electroverse product provides individual EV drivers with access to over 1.4 million chargers across the UK and Europe through a mobile app (iOS/Android) and RFID card (Electrocard). The Octopus Fleet sub-brand extends these capabilities to businesses, bundling public charging access, home charging reimbursement, Visa-powered business payment cards, and fleet fuel cards into a single management platform. Additional offerings include salary sacrifice programs for EV purchases and charging costs, dynamic Plunge Pricing for grid-responsive savings, route planning, and research insights via the Octopus Driver Survey. The platform positions itself as Europe's largest EV roaming network with award-winning support.

Differentiator

Problem solved

Functional benefit

Products and services

• Electroverse (Consumer Platform) Europe's largest EV charging roaming platform for individual EV drivers, providing free access to 1.4M+ chargers across UK and Europe through a single app and RFID card, with route planning, real-time pricing, and Plunge Pricing dynamic discounts.
• Electroverse App Mobile application for iOS and Android that enables EV drivers to find chargers, view real-time pricing and availability, start/stop charging sessions, plan routes, and manage their account. Integrates with Android Auto, Apple CarPlay, and next-generation in-car apps.
• Electrocard (RFID Card) Physical RFID card that allows EV drivers to start a charge by tapping on any Electroverse-compatible public charger without needing a smartphone. First card is free; additional/replacement cards available for a fee.
• Octopus Fleet Platform Comprehensive B2B fleet management platform for companies transitioning to electric vehicles, providing public charging access, home charging reimbursement, business payment cards, and fleet fuel cards under a single dashboard with multi-user administration and role-based access.
• Octopus Fleet Public Charging Business public charging service that provides fleet operators with access to 1.4M+ public chargers across UK and Europe through a single card and app, with no fixed contracts and Plunge Pricing dynamic discounts.
• Octopus Fleet Home Charging Reimbursement Automated reimbursement service for fleet drivers charging at home through business accounts. Connects home energy accounts, home EV charge points, and business vehicles for automatic expense classification and HMRC-compliant billing.
• Octopus Fleet Payments Card Visa-powered business payment card that enables employees to make everyday business purchases, with spending managed through the Electroverse Payments App and platform dashboard. Card issued by Enfuce UK Ltd under FCA authorization.
• Octopus Fleet Fleet Card Visa-powered fleet fuel card covering fuel and fleet spending needs for businesses transitioning to electric, with simplified administration and percentage-based processing fees on payment transactions.
• Salary Sacrifice Charging Employee benefit scheme that allows businesses to offer staff salary sacrifice arrangements for public EV charging costs, helping employees save up to 40% through pre-tax deductions. Also includes broader EV salary sacrifice programs for electric vehicle purchases.
• Electroverse Payments App Companion mobile application for iOS and Android through which Octopus Fleet users can access Payment Services, manage their Payment Card, view Payment Transactions, and upload receipts.

Quantifiable outcome

• Up to 45% savings on public charging through Plunge Pricing dynamic pricing
• +4 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration24 records

Feature7 records

Partnerships

19 partnerships are on record, tiered core and minor.

• RightchargecoreGTM or Marketing Partner · 1 October 2025Partnership enabling Rightcharge's fleet EV charging payment solution across Europe. Rightcharge uses Octopus Electroverse network to provide charging access in Germany, France, Netherlands, Belgium, Norway, and Ireland. Rightcharge automates home charging reimbursements for fleets with up to 90% cost savings vs public charging.
• Geely Auto UKminorGTM or Marketing Partner · 1 October 2025Partnership providing Octopus Electroverse public charging credit to Geely EX5 customers. Geely Auto UK launched its first UK model in October 2025 with prices starting at £31,990. Partnership offers customer incentive for new EV purchases.
• Addison LeeminorGTM or Marketing Partner · 1 March 2024Partnership with London taxi company Addison Lee to provide EV charging solutions for their fleet transition. Details of partnership scope not specified in available sources.
• IonitycoreTechnology or IntegrationCharging network roaming partnership providing Electroverse users access to Ionity's high-power charging network across Europe. Ionity operates 350kW ultra-rapid chargers at motorway locations.
• Shell RechargecoreTechnology or IntegrationRoaming partnership with Shell's EV charging network, one of the largest integrated energy company's charging operations in UK and Europe.
• OspreycoreTechnology or IntegrationRoaming partnership with Osprey Charging Network providing access to their UK public charging locations.
• InstaVoltcoreTechnology or IntegrationRoaming partnership with InstaVolt, a UK-based rapid charging network operator.
• Ubitricity (Shell Ubitricity)coreTechnology or IntegrationPartnership with Ubitricity, a leading provider of on-street EV charging solutions, particularly lamp post chargers in urban areas.
• TotalEnergiescoreTechnology or IntegrationRoaming partnership with TotalEnergies EV charging network across UK and Europe.
• BP PulsecoreTechnology or IntegrationRoaming partnership with BP Pulse (beev) EV charging network.
• MFG (Motor Fuel Group)coreTechnology or IntegrationRoaming partnership with MFG EV charging network across UK fuel station locations.
• AppleGreen ElectriccoreTechnology or IntegrationRoaming partnership with AppleGreen Electric charging network at retail locations.
• Blink ChargingcoreTechnology or IntegrationRoaming partnership with Blink Charging UK network.
• FastnedcoreTechnology or IntegrationRoaming partnership with Fastned, a European fast charging network operator with premium stations along major routes.
• AllegocoreTechnology or IntegrationRoaming partnership with Allego, a pan-European EV charging network operator.
• ChargePointcoreTechnology or IntegrationRoaming partnership with ChargePoint, one of the largest EV charging networks globally.
• Enfuce UK LtdcoreTechnology or IntegrationCard Issuer partner - Electronic Money Institution authorized by FCA that issues the Octopus Fleet Payment Card to business users.
• AutotraderminorGTM or Marketing PartnerCo-research partnership for annual EV driver survey comparing fuel driver perceptions with EV driver realities. Report generates press coverage and brand positioning.
• LidlcoreTechnology or IntegrationCharging partnership at Lidl supermarket locations across UK.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ChargePoint: One of the largest EV charging networks globally with its own consumer app and roaming agreements. A broad incumbent that competes with Electroverse on both the CPO integration side and as a roaming partner, but operates its own hardware footprint at much larger scale.
• Shell Recharge (NewMotion): Shell's integrated EV charging network and app spanning UK and Europe. Functions both as a roaming partner (current Electroverse integration) and as a competing aggregator with vertically integrated energy supply — a broad incumbent offering comparable fleet and consumer services.
• Tesla Supercharger: Tesla's proprietary high-power charging network, now opening to non-Tesla EVs across Europe. A broad incumbent with growing competitive overlap as it transitions from walled garden to networked charging option, directly competing for high-utilization drivers.

Direct peers

• Plugsurfing: Europe-wide EV charging aggregator app providing access to hundreds of thousands of chargers through a single account, directly competing with Electroverse on the consumer roaming experience across UK and continental Europe. Both target the same fragmented-network problem.
• Chargemap: Pan-European EV charging app aggregating 600,000+ charging points across networks, directly comparable to Electroverse on consumer charging discovery, route planning, and payment. Targets the same individual EV driver use case with similar freemium positioning.
• Hubject: Berlin-based EV charging roaming platform operating the intercharge network, directly comparable to Octopus Electroverse as both are B2B-focused roaming hubs aggregating CPO networks across Europe. Hubject competes for the same CPO partnership and OEM integration opportunities.
• Virta: Finland-based EV charging software and network operator offering a white-label platform for CPOs and a consumer-facing app. Overlaps with Electroverse on software-led EV charging aggregation and fleet management, serving similar European markets.

Emerging players

• Rightcharge: UK-based EV charging platform specializing in home and workplace charging reimbursement for fleets, integrated with Electroverse for public charging access. An emerging player in the same fleet charging reimbursement space, both serving enterprise fleet customers.
• Bonnet: UK-based EV charging app offering pay-as-you-go access to multiple public networks with an emphasis on rapid payment and fleet drivers. Comparable emerging player in the same UK charging aggregation space.
• Monta: Copenhagen-based EV charging platform operating across Europe, offering CPO management software and a consumer charging app. An emerging player that overlaps with Electroverse on the consumer/fleet app side and is also a current roaming partner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OctopusElectro
• YouTubeyoutube.com/@OctopusElectroverse
• Facebookfacebook.com/OctopusElectroverse
• LinkedInlinkedin.com/company/octopus-electroverse
• Instagraminstagram.com/octopuselectroverse

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Octopus Electroverse