3 years ago

Onto Raises €113M for Electric Mobility Push

  • UK-based Onto raises €113 million credit facility to drive electric mobility forward, providing a flexible subscription-based solution for electric car ownership.

      • ProblemTransportation

      "making electric vehicles more accessible and affordable to people who want to make environmentally-conscious choices. The opportunity to provide an alternative to car ownership has also never been more desirable."

      Solution

      "Onto provides an accessible, flexible and simple way for motorists to take the electric vehicle driving wheel by reimagining car ownership. It offers a monthly car subscription service which enables people to sign up for an electric car with more flexibility. The service is also all-inclusive of insurance, breakdown cover and free public charging, and it doesn’t require a deposit or long-term commitment. Users can also swap cars or stop their subscription every month – making the service very much user-centric."

      Covered on