Octopus Energy’s Electroverse platform has teamed up with Visa to launch a new Business Payments Card.
The card is powered by Visa Fleet 2.0, and works as both a traditional fuel card and a full spending card, allowing drivers to pay for all journey costs, including EV charging as well as expenses such as tolls, car washes, and meals.
Fleet managers can set spending limits, choose where budgets can be used, and adjust settings at any time, with expense uploads and built-in fraud protection.
Every journey, purchase, and receipt can be accessed via a dashboard, with fleet managers getting insights into driver behaviour, VAT breakdowns, driver IDs, and charging patterns.
Electroverse director Matt Davies 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.”
Visa Europe head of fleet and mobility Richard Campion 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.”
