Electric car subscription startup Onto races ahead with $175M to drive Britain towards a greener future

Onto raises $175 million in Series B to expand EV subscription service in the UK

UK-based electric car subscription startup Onto has raised $175 million in a Series B funding round led by Alfvén & Didrikson and Pollen Street Capital. The investment will support Onto's rapid expansion in the UK and its mission to provide a flexible and affordable alternative to traditional car ownership. Onto offers an all-inclusive subscription service that includes insurance, maintenance, charging, and access to a wide network of EV charging points.

Onto Secures $175M to Revolutionize Electric Car Ownership with Subscription Model

Onto is an all-inclusive electric vehicle (EV) subscription service based in the UK. Founded in 2017, the company offers a flexible alternative to traditional car ownership, enabling customers to access EVs without long-term commitments or large deposits. Onto provides a monthly subscription that includes insurance, service and repair, 1,000 miles per month, and free access to over 11,000 public EV charge points through partnerships with Shell Recharge, BP Pulse, InstaVolt, and Tesla Supercharger. The company also caters to businesses with its Onto for Business program, offering a tax-efficient solution for companies to provide EVs to their employees.

Onto is an all-inclusive electric vehicle subscription service based in the UK, offering a flexible alternative to traditional car ownership.

4 years ago

Onto Secures $175M to Revolutionize Electric Car Ownership with Subscription Model

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