Octopus Electroverse: Powering the Next Gen of EVs
The transition to Electric Vehicles (EVs) is underway, with the UK aiming to stop the sale of new petrol and diesel cars by 2030.
Octopus has partnered with Visa Commercial Solutions to launch a Business Payment Card that aims to support the next generation of EV fleets.
Octopus says that the Electroverse for business cards will be the solutions to public and at home charging, fuel and on - the - go spending.
Richard Campion, Head of Fleet & Mobility at Visa Europe said: “Fleet operators are looking for smarter ways to manage the shift to electric, and Visa Fleet 2.0 makes that transition simpler and more efficient.
“With Electroverse, we’re enabling UK businesses to consolidate on-the-road spending, gain real-time visibility and maintain the security and control they expect from Visa – all while powering a cleaner future for transport."
How does the Electroverse card work?
The electroverse is headed by Octopus Energy, providing a public electric vehicle charging service for a large global network, providing an app and card for use.
The card is powered by Visa Fleet 2.0 and available in the UK for the first time, it aims to support any business on the electric fleet journey.
It looks to support companies at any stage of transitioning to an electric fleet, whether companies have just started to make the switch or are already in the transition phase.
The card was created to handle all needs on the road such as charging and fuel, tolls, meals and car washes.
It is interconnected with an online platform to enable organisations to manage all members of the fleet.
Octopus Electroverse says “We're on a mission to make fleet management a breeze.
“This isn't just a charging card, it's a full-on expense solution for your fleet, no matter what stage you’re at in your electrification journey.”
Why will the card be helpful for organisations?
Octopus Energy says that juggling different cards, apps and payment options can be confusing, slow down fleet's electrification and cause admin issues.
Octopus says that its Business Payment Card will solve these issues pulling everything together to make it easier for companies to keep track of their fleets.
The platform allows for companies to set spending limits, choose where budgets can be used, adjust settings at any time, using expense upload and has a built in fraud protection to support the security of budgets.
Matt Davies, Director of Electroverse said: "We’ve made charging simple for drivers – now we’re making the whole fleet experience just as easy for Britain’s six million fleet vehicles.
“Fleet managers and drivers have long had to navigate a maze of charging apps and payment solutions.
“With Visa, we’re proud to launch one of the first Visa Fleet 2.0 cards, putting everything on one card and giving businesses the control they need to speed up their shift to cleaner transport.”
Companies that have expanded electric fleets
Several companies have been working on expanding EV fleets in a bid to lower GHG emissions from fossil field vehicles.
Delivery companies may find it a difficult task to facilitate the transition, however various companies have expanded fleets and are continuing to make them larger for example:
Royal Mail -
Royal Mail unveiled its 7,000th electric vehicle in 2025 with plans to invest in 1,800 more and support charging infrastructure over the next year.
The company reported that its average carbon emissions per parcel fell to 165gCO2e from 206gCO2e in 2024.
It reports that the reduction was mainly due to its use of low emission biofuel and deployment of more EVs.
Alistair Cochrane, interim CEO at Royal Mail said: “We’re immensely proud of our sustainability progress which has once again exceeded our expectations.
“We are the UK’s greenest delivery company for parcels and letters and are reaping the rewards of our work to make our fleet and estate more environmentally friendly, on top of the benefits of our unique ‘feet on the street’ delivery model.
“Whilst there’s still lots more work to be done, this huge achievement reflects our commitment to being Net-Zero by 2040.”
Amazon -
Amazon announced a partnership with Rivian with the aim to bring 100,000 electric delivery vehicles to the road by 2030.
Since this target was set Amazon has brought more than 25,000 EV delivery cans to the US and continues to expand its fleet across Europe.
Alongside its expansion of electric delivery vehicles the company has put more than 15 models of EVs on the road include e-bikes and e-rickshaws
Andy Jassy, CEO at Amazon says: “Our transportation network is one of the most challenging areas of our business to decarbonise and to achieve net-zero carbon will require a substantial and sustained investment.”
