Electric car subscription service Onto raises £100 million (nearly €114 mn) from global investment group CDPQ and asset manager Pollen Street. This will enable Onto to expand the UK fleet; however, internationalisation appears to be on the back burner.
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Onto has completed a Series C funding round, collecting about 59.1 million euros from investors. The fresh capital will help Onto grow the electric car fleet for subscribers and allow the service to expand beyond the British borders. Until now, Onto had been exclusive to the UK.
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The British electric car subscription service Onto is adding 600 more electric cars to its fleet this month. The new additions all come from Peugeot and include 300 each of the e-208 and e-2008.
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British electric car subscription service Onto has bought 600 electric Fiat 500 for the rental fleet, including some convertibles. The 600 electric cars join Onto’s long list of orders from the Stellantis Group.
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The British electric car subscription service Onto has ordered another 700 electric cars for its fleet. The cars in question are 700 Corsa-e and Mokka-e from Vauxhall that can now be booked via Onto.
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British electric car subscription service Onto has ordered a further 1,050 Renault Zoe, following the 1,100 Zoe already ordered last year. Counting the new batch, the French model will account for more than a quarter of Onto’s electric car fleet.
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UK electric car subscription service Onto says it has raised 175 million dollars in a new financing round. Alfvén & Didrikson and Pollen Street Capital led the Series B funding round, with the most prominent investor being TotalEnergies. The investment follows Onto’s significant growth in recent months.
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UK electric car subscription service Onto has signed an agreement with Fisker to supply up to 700 units of the Fisker Ocean EV in 2023. This would bring Onto’s fleet to around 3,000 electric cars.
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The British electric car subscription service Onto has expanded its fleet again, this time with 300 Audi e-tron. Onto already has a four-digit number of electric cars from various manufacturers, but these are the first from the VW Group.
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British EV subscription service Onto continues on building the fleet as the company adds Hyundai electric cars to the fleet. They join a base of electric vehicles from PSA but also Tesla, BMW and Jaguar.
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Onto, a British subscription service for electric cars, has ordered 300 e-208 electric cars from Peugeot. A follow-up order has been received from Hull, UK where the municipal service provider Kingstown Works Limited, has ordered 13 purely electric Peugeot e-Experts.
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