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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

'As routine as an MOT certificate': EV groups call for mandatory battery health certificates

'As routine as an MOT certificate': EV groups call for mandatory battery health certificates

Leading industry groups argue that providing drivers with information on battery health would deliver a major boost to the used EV market

James Murray
clock 25 August 2026 • 4 min read
Study: Watering down ZEV Mandate could delay £1.5bn in home charging investment

Study: Watering down ZEV Mandate could delay £1.5bn in home charging investment

Weaker electric vehicle targets could mean up to 12GW less flexible charging capacity being available by 2034, trade body warns

Stuart Stone
clock 24 August 2026 • 5 min read
Study: Electric HGVs deliver over £6,000 a year of cost savings

Study: Electric HGVs deliver over £6,000 a year of cost savings

Real world trial undertaken with the Scottish Wholesale Association reveals how new electric trucks are suitable for the vast majority of journeys and deliver significant cost and emissions savings

James Murray
clock 20 August 2026 • 3 min read