U.K. car production was down nearly 10% in 2022 but electric vehicle (EV) production rose. Data published by the Society of Motor Manufacturers and Traders (SMMT) on Thursday (Jan. 26), reveals that in total, 775,014 units were manufactured in the U.K. last year, a 9.8%...
The electric car subscription service Onto has secured a £100 million ($123.9 million) credit line. The London-based firm announced the new facility in a blog post on Wednesday (Jan. 25), stating that it will use the funds to expand its fleet of electric vehicles (EVs). The facility...
Electric vehicle (EV) subscription service Onto has raised $175 million in an equity and debt Series B funding round that will be used expand its offering across the U.K. — with eyes on growing the company into other areas in the future, according to a...
February 08, 2023
Electric vehicles (EV) are driving the electrification of the European auto market. In the U.K., for example, 16% of all new car sales in 2022 were battery EVs, which according to Rui Ferreira, CCO at London-based EV subscription service Onto, points to a strong growth trajectory in a relatively short period of time. Read more: […]
January 25, 2023
The electric car subscription service Onto has secured a £100 million ($123.9 million) credit line. The London-based firm announced the new facility in a blog post on Wednesday (Jan. 25), stating that it will use the funds to expand its fleet of electric vehicles (EVs). The facility is provided by global investment groups CDPQ and Pollen Street. […]
July 27, 2021
Electric vehicle (EV) subscription service Onto has raised $175 million in an equity and debt Series B funding round that will be used expand its offering across the U.K. —...
