• Home
  • News
    • Air Mobility
    • Commercial vehicles
    • Battery
    • Sales
    • Charging
    • Industry
    • China
    • Autonomous
    • Concept
    • Conversion
    • Green Energy
    • Hydrogen
    • Industry
    • Formula E
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Ownership Experience
    • Price
  • Events
  • Advertising
  • Contact
EVMagz
SUBSCRIBE
No Result
View All Result
  • Home
  • News
    • Air Mobility
    • Commercial vehicles
    • Battery
    • Sales
    • Charging
    • Industry
    • China
    • Autonomous
    • Concept
    • Conversion
    • Green Energy
    • Hydrogen
    • Industry
    • Formula E
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Ownership Experience
    • Price
  • Events
  • Advertising
  • Contact
EVMagz
SUBSCRIBE
No Result
View All Result
EVMagz
No Result
View All Result

EV subscription service Onto raises $60M USD to launch European expansion

by James Bryant
August 2, 2022
in News
0
EV subscription service Onto raises $60M USD to launch European expansion
137
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Onto, a British electric vehicle subscription service, has completed a Series C funding round of 59.1 million euros from investors. The new capital will be used to expand their electric vehicle fleet and expand services outside of the UK.

Germany is the target market for Onto which is expected to start in early 2023. Onto itself already has an office in Germany, led by Joerg Feldheim.

“Germany, a nation with an incredible automotive history as Europe’s biggest car-producing country, is a market with huge potential and a great appetite for electric cars.” said Rob Jolly, CEO and co-founder of Onto.

See also: Onto added 600 electric cars from Peugeot to its fleet

The company currently has more than $330 million in equity and debt. The funding round was led by London-based Legal & General. Longtime investors Alfvén & Didrikson, Accelerated Digital Ventures and Cerebrum Tech Limited also participated in Series C.

By July 2021 Onto had raised $175 million, including leading investor TotalEnergies. The Series B upgrade brings Onto’s total funding to $245 million (approximately €208 million).

Onto’s monthly subscription model includes free electric car delivery, 1,000 miles per month, insurance, service and repair, and free access to over 12,000 public EV charging points through its network of charging partners.

Onto currently has 18 electric vehicle models in their fleet, with monthly subscriptions starting at £489. Onto has around 6,000 active subscribers in the UK.

Source: on.to
Tags: chargingcompanyelectric carelectric vehiclefleetfundinggermanyInvestOnto
Previous Post

BP to invest up to £50 million in EV battery testing centre and analytical laboratory

Next Post

Fully autonomous vehicles allowed to run on certain roads in Shenzhen

James Bryant

James Bryant

Studied in journalism and transportation. James has been covering the electric vehicle scene since 2010 with focus in sports and China EV Brand.

Related Posts

Xos Armor Electric Vehicle 350x250 - EV subscription service Onto raises $60M USD to launch European expansion

Xos Secures Order 150 Additional Armored Electric Vehicles from Loomis

by Derick Derick Munoz
February 2, 2023
0

Xos, Inc. and Loomis have taken a major step in reducing their carbon footprint by signing a purchase order for...

porterville door close 1 350x250 - EV subscription service Onto raises $60M USD to launch European expansion

Lightning eMotors’ Class 3 ZEV3 Electric Van Receives Buy America Certification and Eligibility for Federal Grants

by Moira Shortle
February 2, 2023
0

Lightning eMotors announced the Class 3 Lightning ZEV3™ electric passenger van has received Buy America certification. This, combined with its...

FLEETCOR 350x250 - EV subscription service Onto raises $60M USD to launch European expansion

FLEETCOR Acquires Mina, Cloud-Based Electric Vehicle Charging Software Platform

by Moira Shortle
February 2, 2023
0

FLEETCOR has taken over Mina, a cloud-based electric vehicle charging software platform, to provide the market-leading home-charging software solution for...

Skoda Enyaq iV 5 350x250 - EV subscription service Onto raises $60M USD to launch European expansion

Skoda Enyaq iV vRS Sets World Records with Historic 4.6-Mile Ice Drift

by Moira Shortle
February 2, 2023
0

The Skoda Enyaq iV vRS has made history by setting two Guinness World Records on a frozen lake in Sweden....

Next Post
Fully autonomous vehicles allowed to run on certain roads in Shenzhen

Fully autonomous vehicles allowed to run on certain roads in Shenzhen

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Hyundai Ioniq 6 Receives Impressive EPA Range Ratings 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

Hyundai IONIQ 6 Official EPA Range Revealed, Up to 361 Miles for Longest-Range Model

February 1, 2023
Zeekr 3 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

Zeekr Teases 3rd Model, Can Accelerate from 0-100 km/h Within 4 Seconds

February 2, 2023
Rivian R1T Vs Tesla Model 3 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

Rivian R1T Damaged During Charging at Electrify America Station

February 1, 2023
rsz 1bt stack sq 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

Canoo Awarded Contract by Defense Innovation Unit for Battery Module Supply

February 1, 2023
Nio ET7 is priced lower in Norway than in China

NIO Reports 8,506 Vehicle Deliveries in January 2023, Down 46% from December 2022

February 1, 2023
Polestar and Luminar Expand Partnership for LiDAR Integration in Future Vehicles 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

Polestar and Luminar Expand Partnership for LiDAR Integration in Future EV, Including Polestar 5

February 2, 2023
Xos Armor Electric Vehicle 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

Xos Secures Order 150 Additional Armored Electric Vehicles from Loomis

February 2, 2023
porterville door close 1 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

Lightning eMotors’ Class 3 ZEV3 Electric Van Receives Buy America Certification and Eligibility for Federal Grants

February 2, 2023
FLEETCOR 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

FLEETCOR Acquires Mina, Cloud-Based Electric Vehicle Charging Software Platform

February 2, 2023
2022 rivian r1t 120x86 - EV subscription service Onto raises $60M USD to launch European expansion

Rivian R1T to Make Debut at Pikes Peak Hill Climb Race

February 2, 2023

Tags

Automotive autonom Autonomous batteries bmw BYD charging charging station china commercial vehicle company concept Electric Bus electric car Electric Truck electric vehicle electric vehicles Energy europe Fast Charging fleet germany hybrid Hydrogen hyundai infrastructure Invest lithium Lithium-ion motorcycle performance platform price range sales sedan software specification specifications supply chain SUV technology toyota truck Volkswagen

About EVMagz

EVMagz is a website focused on reporting on electric vehicles industry. The site was officially launched at the end of 2021 and in a short period of time, with the expertise of the team, it has quickly become the website of choice for many people to get news about the electric vehicles.

  • Home
  • About Us
  • Advertising
  • Support EVMagz
  • Newsletter
  • Privacy Policy
  • Cookie Policy
  • Contact

Browse by Tag

Automotive autonom Autonomous batteries bmw BYD charging charging station china commercial vehicle company concept Electric Bus electric car Electric Truck electric vehicle electric vehicles Energy europe Fast Charging fleet germany hybrid Hydrogen hyundai infrastructure Invest lithium Lithium-ion motorcycle performance platform price range sales sedan software specification specifications supply chain SUV technology toyota truck Volkswagen

Recent Posts

  • Polestar and Luminar Expand Partnership for LiDAR Integration in Future EV, Including Polestar 5
  • Xos Secures Order 150 Additional Armored Electric Vehicles from Loomis

© 2023 Develop by EVMagz.

No Result
View All Result
  • News
    • Software
    • Autonomous
    • Battery
    • Charging
    • China
    • Commercial vehicles
    • Concept
    • Green Energy
    • Industry
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Politics
    • Rumors
    • Safety
    • Sales
    • Technology
  • Brand
    • Audi
    • BMW
    • BYD
    • Chevrolet
    • Chrysler
    • Citroen
    • Dacia
    • Daihatsu
    • Ford
    • Geely
    • Honda
    • Huawei
    • Hyundai
    • Kawasaki
    • KIA
    • Lexus
    • Lotus
    • Lucid
    • Mazda
    • Mercedes-Benz
    • Mitsubishi
    • NIO
    • Nissan
    • Polestar
    • Porsche
    • Renault
    • Rivian
    • Rolls-Royce
    • Sony
    • Subaru
    • Suzuki
    • Tesla
    • Toyota
    • VinFast
    • Volkswagen
    • Volvo
    • Wuling
    • XPeng
  • Guides
  • Sports
    • Formula E
    • MotoE
    • Rally1
  • Photos
  • Videos

© 2023 Develop by EVMagz.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Hey Friend! Get the latest electric vehicles news straight into your inbox!

Don't worry, we don't spam

Close this popup