Octopus Electric Vehicles (Octopus EV) has appointed Gurjeet Grewal as its permanent Chief Executive Officer following a record year of growth and innovation under his interim leadership.
Highlights
- Fleet expansion of nearly 50%, from 27,000 to over 40,000 vehicles
- £1.5 billion in funding secured from institutional investors
- Vehicle-to-grid (V2G) partnership with BYD launched, integrating EVs into the energy ecosystem
- German market entry marks first international expansion
Strategic Leadership and Growth
Grewal, who joined Octopus EV in 2018 as one of its first employees, has played a central role in scaling the company from startup to a market leader in EV leasing. Having served as Director of Operations and Chief Operating Officer, he became interim CEO in January 2025, overseeing a year of exceptional expansion and investment.
Under his direction, the company’s fleet surged by nearly 50%, driven by major institutional funding. Octopus EV has solidified its position as the UK’s leading provider of EV leasing and salary sacrifice schemes, offering comprehensive solutions that simplify the transition to electric mobility for both individuals and businesses.
Innovation and International Expansion
Octopus continues to invest in next-generation mobility services. Earlier this year, the company partnered with BYD to launch a pioneering vehicle-to-grid (V2G) solution, bundling a car, charger, and unlimited charging in one monthly plan. This innovation enhances grid resilience while giving drivers energy independence and cost predictability.
Simultaneously, Octopus EV has expanded beyond the UK, breaking ground in Germany to bring its all-in-one EV offering and customer-first model to a wider European audience.
Executive Endorsements
“I’m incredibly proud to have been part of Octopus EV’s journey from the very beginning,” said Gurjeet Grewal, CEO of Octopus Electric Vehicles. “As we enter our next phase of growth and move into new countries, we’ll continue to make electric driving simpler, smarter, and more affordable for everyone.”
Fiona Howarth, Founder and Director of Octopus EV, added: “Gurjeet has been a driving force behind Octopus EV from day one. His leadership, vision, and passion make him the perfect person to lead us into this next chapter.”
About Octopus Electric Vehicles
Part of Octopus Energy Group, Octopus Electric Vehicles was founded in 2018 to accelerate the shift to clean mobility. The company offers leasing, charge point installation, specialist EV energy tariffs, and access to over 900,000 public charge points across Europe through its Octopus Electroverse network.
Its salary sacrifice program—allowing employees to save 30–40% on monthly EV costs—has made it one of the most accessible and cost-effective paths to electric adoption in the UK.
More information: www.octopusev.com
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