Onto is Europe's largest electric car subscription service, offering the all-inclusive electric car subscription. With a 300% growth in 2022 and a fleet of over 6,000 cars (the largest in the UK), Onto is facilitating the transition to electric driving. Subscribers benefit from the latest electric cars, insurance, servicing, breakdown cover, and free public charging at over 11,000 UK locations, all for a flat monthly fee with no deposit or long-term contract. Onto's fully digital service ensures prompt delivery to the customer's door within 72 hours, and access to the vehicle is managed through the Onto app.
Founded in 2017 and headquartered in the United Kingdom, Onto secured a significant £100.00M Debt Financing investment on 25 January 2023, with leading participation from Pollen Street Capital and Caisse de Depot et Placement du Quebec.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | £100.00M | 2 | Caisse de Depot et Placement du Quebec | 25 Jan 2023 |
Series C | $60.00M | 5 | Jim O’Neill | 26 Jul 2022 |
Series B | $175.00M | 7 | Jim O’Neill | 27 Jul 2021 |
Debt Financing | Unknown | 1 | 27 Jul 2021 | |
Series A | £5.50M | - | 01 Nov 2019 |
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