Octopus Energy launches electric vehicle business in Texas with new rental service

HOUSTON–(BUSINESS WIRE)–Renewable Energy Distributor Octopus Energy United States today announced the launch of Octopus Electric Vehicles (OEV), its new business line that will accelerate the accessibility and adoption of electric vehicles and smart charging. OEV’s inaugural product is EV Concierge, the first ever integrated demand response electric vehicle rental plan offered by an energy retailer. With EV Concierge, Octopus Energy will not only help customers rent an electric vehicle of their choice, but will also seamlessly integrate smart charging and smart billing into their existing energy plan.

New and existing customers living in Texas are invited to apply for the beta leasing program at octoev.us. The Octopus Concierge team will provide eligible customers with premium service, assisting prospective EV drivers through the vehicle search and rental process, including the selection and delivery of a new or new EV. opportunity of their choice, installation of a home electric vehicle charger and education on best practices for EV ownership.

“Interest in electric vehicles is at an all-time high. With Texas being the third-largest market for electric vehicles and a global energy leader, we will be able to help customers save vehicles and energy on one bill,” said Chris George, Director of US Octopus Electric Vehicles. “As fossil fuels continue to be impacted by inflation, it has never made more sense to pair an EV with smart charging to extract the cheapest energy from the grid. EV Concierge will ensure that new electric vehicles are entering our state optimized to create a more reliable, clean and affordable energy system.

The heart of the EV Concierge program is smart octopus, which allows customers to access electricity when it is cheaper and greener, while helping to balance the overall stability of the grid. Intelligent Octopus is powered by Octopus Energy’s proprietary Kraken technology platform which uses advanced data and machine learning to automate the majority of the energy supply chain. Customers who lease an electric vehicle and use a smart thermostat with Intelligent Octopus will have the opportunity to take advantage of a new, lower priced energy plan that is 20% to 30% lower than the average 12-month energy plan in Texas today. . This discounted package will be launched this summer.

Originally launched in the UK in 2018, OEV has grown to offer an all-in-one service where Octopus hires cars, installs home charging stations, provides specialist energy tariffs for electric vehicles and offers access to over 250,000 public charging stations across Europe via the Electric Juice Network. Its most popular product is EV Salary Sacrifice, which has enabled 1,500 UK businesses to transition their staff to electric vehicles at huge discounts of 30% and more.

“We’ve seen that consumers are looking for experts who can offer the complete EV package to guide them through their journey,” said Fiona Howarth, CEO of Octopus Electric Vehicles. “With more electric vehicle models entering the market each month and innovative tariffs like Intelligent Octopus making charging your car as easy as your phone, we expect the transition to accelerate. “We are delighted to to be able to open our ultimate EV package to millions of new customers in the UK and US. Our roads are changing and we plan to take the lead, making it easier for drivers to change. ”

Increasingly, electric vehicles are designed not only to get drivers from point A to point B, but also to be used as a mobile power station. An electric vehicle can store enough energy to power a home for two to three days, providing the ability to significantly power a home in an emergency and power critical infrastructure despite shocks to the energy system.

Michael Lee, CEO of Octopus Energy US, said, “The modern retailer is there to help customers beyond just selling electricity. This is especially true when it comes to emerging technologies, such as electric vehicles, where energy retailers can maximize vehicle-to-grid value, including through vehicle-to-grid as this solution expands. Octopus Energy is here to accelerate the energy transition with integrated and innovative offers that ultimately enable our customers to reduce costs and offer reliable power.

The launch of EV Concierge comes a year later Octopus Energy United States. landed in Houston to bring affordable, renewable energy to homes across Texas. Since then, its customer base has grown 10-fold while the team has launched programs, such as Superpower savingsto reward customers who save energy and balance the grid when demand is high.

To register or learn more about OEV, visit octoev.us.

About Octopus Energy

Octopus Energy Group is a technology-driven renewable energy retailer, directly supplying over 3.2 million customers worldwide with 100% green electricity at a cheaper price and emphasizing incredible customer service. Founded six years ago as a global energy retailer, Octopus Energy entered the US market in 2020, forming Octopus Energy US and fueling the company’s global expansion. Octopus Energy is valued at nearly $5 billion and is one of the fastest growing private companies in energy technology. To learn more, visit: www.octopusenergy.com.

About Octopus Electric Vehicles

Octopus Electric Vehicles, part of the Octopus Energy Group, was launched in 2018 to make it easy for drivers to switch to clean electric transport. With over 65 electric cars now available from 28 different brands, the Octopus Electric Vehicles team provides everything drivers need to hit the road in a new electric vehicle.

Offering an all-in-one service, Octopus rents cars, installs charging stations, offers specialized energy tariffs for electric vehicles and provides access to more than 250,000 public charging stations across Europe via the network. Electric Juice. All with a 5* rating on Trustpilot.

Octopus Electric Vehicles also specializes in wage sacrifice schemes – an employee benefit that makes driving a new electric car cheaper than the petrol or diesel equivalent through tax savings. Putting the customer experience first, Octopus Electric Vehicles designed the program to be simple for an employer to set up and manage, and to support them every step of the way. Drivers typically save 30% or more each month on the cost of their electric vehicle; and at zero cost to an employer to set up, it’s great for their team, their hiring and retention, and their sustainability goals.

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