Octopus Energy Limited announced that it will receive £187 million in equity round of funding on December 23, 2020. The transaction will include participation from new investor Tokyo Gas Co.,Ltd. (TSE:9531) for £150 million to acquire 9.7% stake and existing investor Origin Energy Limited (ASX:ORG) for £37 million, which currently owns 20% stake. The round is being raised at post-money valuation of £1.5 billion.

The company will sign agreement with Tokyo Gas Co.,Ltd. (TSE:9531) in January 2021. The transaction has been approved by the board of directors of the company and investors and is subject to formalities and regulatory approval.