Octopus Energy & Enfuce: Increasing Fleet Electrification
As the UK looks to electrify its transport system, collaborations can support bigger and better solutions.
Issuer processing powerhouse Enfuce is teaming up with Octopus Energy’s Electroverse, Europe’s largest EV charging network, to launch the Electroverse Business Payments Card.
The payment card is a next-generation fleet payment solution, designed to simplify expense management for fleets and accelerate the shift to electric mobility for businesses across the UK.
Powering smarter fleet electrification
Octopus Energy’s Electroverse already connects drivers to more than 960,000 charge points across more than 40 countries and 1,100 charging brands.
Now, with Enfuce’s cloud-native architecture, the network is broadening its offering to include the Electroverse Business Payments Card, a unified fleet management solution.
This open-loop Visa Fleet 2.0 card enables fleet operators to manage EV charging, fuelling and everyday costs, such as meals, maintenance and travel, all in one platform.
Real-time spend controls, instant transaction monitoring, built-in regulatory compliance and fraud prevention features equip fleets with greater financial transparency and operational control.
“The launch of the Electroverse Business Payments Card is a game-changer for fleet electrification,” says Monika Liikamaa, Co-Founder & Co-CEO of Enfuce.
“As the first issuer processor certified for Visa Fleet 2.0 in Europe, Enfuce is uniquely equipped to deliver solutions that meet the complex needs of modern mobility.
“Together with Octopus, we’re helping businesses take control of their fleet spend and accelerate their transition to electric at scale.”
EV adoption challenges
EVs are projected to dominate UK fleets by 2030 and businesses are facing increasing pressure to decarbonise.
One of the primary obstacles to EV adoption remains the absence of seamless, interoperable payment systems, an issue this partnership directly addresses.
“For us, this isn’t just about enabling payments, it’s about accelerating meaningful progress in mobility,” explains Denise Johansson, Co-Founder & Co-CEO of Enfuce.
“As EV adoption grows, the infrastructure behind it must evolve just as rapidly.
“This partnership with Octopus Energy’s Electroverse showcases how innovative technology and shared vision can come together to solve real challenges for fleets.
“It’s a bold step toward building a cleaner, smarter and more connected future of transport.”
Scaling sustainability
The partnership also marks Enfuce’s growing footprint in the UK.
After obtaining its Electronic Money Institution (EMI) licence from the Financial Conduct Authority (FCA) in 2024 and forming alliances with key players like allpay Limited, Enfuce is now established as a go-to payments partner for sustainable innovation in mobility and banking.
Together, Enfuce and Octopus are delivering a smart, scalable payments solution that offers fleets real-time control, complete financial transparency and the flexibility to manage spending across every aspect of mobility.
“Electroverse started with a simple goal: to take the hassle out of EV charging,” says Matt Davies, Director and Creator of Octopus Energy’s Electroverse.
“Now we’re taking that vision even further – empowering businesses with the tools they need to electrify their fleets with confidence, regardless of where they are in the transition.
“Every solution that brings more EVs onto the road counts, and we’re proud to be building the infrastructure that helps businesses lead the shift to smarter, more sustainable transport.”
The launch also builds on Octopus Energy’s strong sustainability credentials.
A pioneer in green energy, the company supplies 100% fossil fuel-free electricity, with a 2023–24 mix of 84.8% renewables and 15.2% nuclear, resulting in zero carbon emissions per kWh – far below the UK average of 171 g/kWh.
It manages a renewable portfolio worth £7bn (US$9bn), to date, directly generates around 20% of the electricity it supplies, and continues to invest in wind, solar, green hydrogen and grid interconnectors.
