EV leasing service Onto secures $60m backing to drive European expansion

Cecilia Keating
clock • 2 min read
Onto offers customers a choice of 18 different EVs | Credit: Onto
Image:

Onto offers customers a choice of 18 different EVs | Credit: Onto

The Legal & General-led investment round was aimed at funding expansion of subscription service into new markets, according to firm

UK electric car subscription service Onto has raised $60m from a raft of both new and existing investors in order to help fund its expansion across Europe next year, it announced today. Financial firm...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Automotive

Nissan's Sunderland car plant is the largest in the UK | Credit: Nissan

UK electric vehicle production up by a fifth in October

But trade body SMMT warns supply chain turbulence and economic headwinds still pose major challenges for the UK car sector and its transition to EVs

Michael Holder
clock 25 November 2022 • 3 min read
Credit: Connected Kerb

Study: Public smart charging could save EV drivers over £600 a year

Government-backed trial shows that smart charging technologies could slash the cost of recharging from public charge points

James Murray
clock 21 November 2022 • 3 min read
Tom Stables, CEO National Express UK and Andy Street, Mayor of the West Midlands

Coventry maps route to become UK's first all-electric bus city

Transport for West Midlands takes delivery of 50 new electric buses, as city advances £150m project to convert entire fleet to zero emissions

James Murray
clock 18 November 2022 • 3 min read