FundedIQ
Motor Vehicle Manufacturing

Onto

The biggest electric car subscription service in Europe is called Onto. With over 6,000 vehicles (the largest UK electric car fleet!) and a growth of 300% in 2022, Every day, Onto assists people in switching to electric vehicles. Customers of Onto receive the newest electric vehicles with insurance, servicing, breakdown coverage, and free public charging at more than 11,000 places throughout the UK for a set monthly charge. There is no deposit required, and because it's a monthly membership, you're never locked into a lengthy agreement. Additionally, you always have the option to choose a different vehicle. Driving is hassle-free and emission-free. How does it function? Simple It is an entirely online service. Join our programme, and we'll have your car at your door in just 72 hours.

on.to Warwick, United Kingdom 101-250 employees
Total raised
$358M
Latest round: +52% of prior total
Rounds
3
Latest
Series Unknown
Jan 2023

The biggest electric car subscription service in Europe is called Onto. With over 6,000 vehicles (the largest UK electric car fleet!) and a growth of 300% in 2022, Every day, Onto assists people in switching to electric vehicles. Customers of Onto receive the newest electric vehicles with insurance, servicing, breakdown coverage, and free public charging at more than 11,000 places throughout the UK for a set monthly charge. There is no deposit required, and because it's a monthly membership, you're never locked into a lengthy agreement. Additionally, you always have the option to choose a different vehicle. Driving is hassle-free and emission-free. How does it function? Simple It is an entirely online service. Join our programme, and we'll have your car at your door in just 72 hours.

Onto has raised $358M across 3 rounds. Its most recent round was a Series Unknown of $123M in Jan 2023. Full funding history, investors, and team are detailed below.

Funding history

3 rounds · 1 visible Unlock with plan

3 rounds on record — latest round shown, the rest unlock with a paid plan.

Date
Round
Amount
Lead investor
Jan 25, 2023
Series Unknown
$123M

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People

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