Bonnet raises $5.5m from Lightspeed, GV and 20VC to expand its electric vehicle charging platform
The funding will be used to triple headcount, forge new partnerships and expand coverage across the UK and Europe.
≈ £4.1M at $1 = £0.7465 on 2 Mar 2022
Bonnet operates a mobile application that aggregates electric vehicle charging networks to simplify public charging for drivers.
London based electric vehicle charging platform Bonnet has secured $5.5m in funding to expand its network and grow its team. The investment round was backed by Lightspeed, GV and 20VC, alongside several prominent angel investors including industry figures from Deliveroo and Tesla.
Established in July 2021, the company provides an application that connects drivers with thousands of public charging points across the UK and Europe. The fresh capital will enable Bonnet to scale its operations, pursue international expansion and fund product development as adoption of electric vehicles accelerates.
From the founder
"The continued support and trust our existing and new shareholders have put into Bonnet brings a huge value-add to the team and will give us the advantage to become the number one charging product for EV drivers globally."
Patrick Reich
CEO at Bonnet
Investor perspective
"We’re excited to partner with Bonnet founders Patrick and Eliot who have a unique perspective on how to bring a next generation, delightful product experience to market while augmenting the efforts of underlying infrastructure providers."
Rytis Vitkauskas
Partner, Lightspeed
Use of funds
- 01Grow the team
- 02Expand into international markets
- 03Fund research and development
- 04Continue product development
