Employee rewards firm Perkbox has inked an agreement to acquire LoveElectric, the B Corp certified electric vehicle salary sacrifice provider.

The pending deal will expand Perkbox’s benefits portfolio with electric car salary sacrifice and charging solutions, enabling thousands of organisations and millions of their people to benefit from a “more deeply integrated technology-led EV benefit”.

LoveElectric has grown quickly since launching in 2021 and now supports more than 1,500 employers and over 125,000 employees. The company is known for its focus on widening access to electric vehicles through one of the broadest selections of used and new EVs in the market.

The move follows the launch of Perkbox’s unified employee experience platform in early September and supports its continued evolution.

The recent Budget confirmed continued support for EV salary sacrifice and set out £1.5bn of further investment in the sector. Salary sacrifice for EVs remains uncapped, which gives employers confidence to offer the benefit widely and in a way that supports financial wellbeing and sustainability goals.

Upon completion, the combination of Perkbox’s unified platform and LoveElectric’s specialist capability will give employers a more integrated way to offer and manage EV salary sacrifice alongside their wider benefits.

Perkbox said both organisations take a practical, technology-led approach, reflected in LoveElectric’s virtual EV charge card that can be used at home, at work and across public charging networks wherever card payments are accepted. The virtual card helps remove a common barrier to EV adoption and also supports Perkbox’s aim to provide everyday tools that are easy for employees to use and straightforward for HR teams to administer.

LoveElectric’s B Corp status and carbon neutral accreditation provide further reassurance for organisations that want benefit partners who demonstrate responsible practices and support wider ESG priorities..

Steve Tigar, founder and CEO of LoveElectric, commented: “I’m incredibly proud of what the LoveElectric team has achieved including being named Scottish Fintech of the Year, and Scotland’s Fastest Growing Business in 2025. With access to over four million employees across the UK, Perkbox is the perfect partner for our next phase of growth. With Perkbox we can dramatically accelerate the adoption of electric cars by helping businesses offer a benefit that is both financially compelling and environmentally meaningful.”

Doug Butler, CEO of Perkbox, added: “I am thrilled to the welcome LoveElectric to Perkbox and equally excited to add its impactful offerings to our unified platform. Steve and team have grown LoveElectric into a formidable business providing meaningful benefits to employees and the environment, and I know that their innovative and passionate culture will greatly contribute to Perkbox’s own mission to ensure that Every Employee is Valued.”