Bonnet, the London-based EV charging app with a growing presence across Europe, has launched a public crowdfunding campaign after existing users of the app pledged to invest in the company. Alongside this, Bonnet has also secured £3 million in equity from a range of investors, including GV (the investment arm of Google), Lightspeed Venture Partners, Tier Mobility, Wise, Deliveroo, and 20VC.
The new funding will enable Bonnet to further expand and enhance its service, with a particular focus on reliability, as well as increasing its coverage across the UK and Europe. Bonnet’s long-term goal is to become the go-to app for EV owners, offering a comprehensive range of features and services for both drivers and fleet managers.
Bonnet’s founders, Patrick Reich and Eliot Makabu, have been recognized for their work on decarbonizing transport, with both being listed in Forbes’ 30 under 30. Reich emphasized the importance of engaging with the app’s active driver community, which has been central to the success of the crowdfunding campaign and the rapid growth of the app over the past year.
The campaign, which originally aimed to raise £500,000, has already surpassed this goal, with 115% of capital raised at a share price of £9.06, thanks to the support of 201 investors. With this new investment, Bonnet is well-positioned to continue its growth trajectory and establish itself as a leading player in the EV charging market.
