3 years ago

Onto Secures £49.9 Million to Expand EV Subscription Service Across Europe

  • UK-based electric vehicle subscription service Onto has raised £49.9 million in a Series C funding round led by Legal & General

  • The funding will be used to support the company's European expansion, with a particular focus on the German market

  • Onto's subscription model aims to make EVs more accessible by offering an all-inclusive monthly fee that covers the car, insurance, and public charging.

      • ProblemTransportation

      "Electric vehicles are expensive to buy, making them inaccessible to many people."

      Solution

      "Onto offers a subscription service for electric vehicles that includes the car, insurance, and public charging, making it more affordable and convenient to drive electric."

      Covered on