Startups
Onto is an all-inclusive, hassle-free solution for driving an electric car. You get all the benefits of car ownership without the long term commitment.
Overview
Location
United Kingdom, England, Carlisle
Employees
51-200
Total raised
$358.4M
Founded date
2020
Funding Rounds 3
| Date | Series | Amount | Investors |
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| Jul 28, 2022 | Series C round | $60M | |
| Jul 27, 2021 | Series B round | $175.21M |
Mentions in press and media 18
| Date | Title | Description |
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| Jan 25, 2023 | UK-based Onto bags €113.4M to help motorists join the EV revolution | London-based Onto, an all-inclusive electric car subscription service provider, announced on Wednesday that it has raised a £100M (approximately €113.41M) credit facility from global investment group CDPQ and independent asset manager Polle... |
| Jan 25, 2023 | Onto Receives £100M Credit Facility | Onto, a London, UK-based electric car subscription service, raised a new credit funding line of £100m. Global investment group CDPQ and independent asset manager Pollen Street provided the asset-backed facility. The company intends to use t... |
| Jul 28, 2022 | Onto raises $60Mn to bring EV subscriptions to Europe | |
| Jul 27, 2022 | UK’s EV subscription service provider Onto secures €59.1M; plans to expand across Europe | UK-based Onto, an all-inclusive electric car subscription service provider, announced on Wednesday that it has raised $60M (approximately €59.17M) in a Series C round of funding. The round was led by London-based Legal & General, a fina... |
| Jul 27, 2022 | Onto Raises $60M USD in Series C Funding | Onto, a London, UK-based all-inclusive electric car subscription service, raised $60M USD in equity in a Series C funding. The round was led by Legal & General with participation from existing investors Alfvén & Didrikson, Accelerat... |
| Jul 27, 2022 | Electric car subscription service tech startup Onto raises $60 million to expand into Europe | Electric vehicle (EV) subscription service startup Onto has raised $60 million in equity in a Series C funding round to expand into Europe, starting with Germany. The round was led by the financial services company Legal & General. Exi... |
| Jul 27, 2022 | UK-based Onto raises €59 million to fuel the EV revolution and bring its subscription service across Europe | Electric car subscription service Onto has just raised over €59 million. The UK-based startup is fueling the rising electric vehicle (EV) revolution and is taking its fresh approach to the European continent. With the electric vehicle indus... |
| Jul 28, 2021 | Onto bags $175M Series B for its electric vehicle subscription service | UK-based Onto has raised $175 million of debt and equity. Alfvén & Didrikson led the equity raise, and Pollen Street Capital provided the debt facility. The startup offers an electric vehicle subscription service that includes home deli... |
| Jul 28, 2021 | Onto raises €148Mn to expand EV subscription service |
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FAQ about Onto
When was Onto founded?
Onto was founded in 2020.
How much funding has Onto raised?
Onto has raised $358.4M in total across 3 funding rounds.
What funding rounds has Onto raised?
Parsers VC lists 3 funding rounds of Onto, among them a Series C round of $60M on Jul 28, 2022 and a Series B round of $175.21M on Jul 27, 2021.
What has the press written about Onto?
Parsers VC has collected 18 articles mentioning Onto, among them “UK-based Onto bags €113.4M to help motorists join the EV revolution” (Jan 25, 2023) and “Onto Receives £100M Credit Facility” (Jan 25, 2023).
Is Onto still active?
Yes, Onto is active; its latest activity on Parsers VC dates from Feb 2, 2023.