Bonnet secures £850k Seed investment led by Ascension Ventures to expand its electric vehicle charging platform.
The financing round was led by Ascension Ventures to support team growth and network expansion.
Share allotment filed at Companies House
Bonnet operates a mobile application that aggregates electric vehicle charging networks to simplify public charging for drivers.
London based electric vehicle platform Bonnet has secured £850k in equity financing. The round was led by Ascension Ventures, with participation from Imperial College London and APX, alongside a £70k grant from Innovate UK and OZEV.
Established in October 2019 by Patrick Reich and Eliot Makabu, the company provides drivers with real-time data on charge point availability and offers flexible charging bundles. The fresh capital will be directed towards team expansion and growing the platform network partnerships.
Bonnet currently aggregates locations across the UK and aims to integrate a significant share of national charge points by the end of the year. The company also plans to introduce semi-public and private charging options to enable domestic owners to monetise their assets.
From the founder
"We’re honoured to have been awarded this funding round for Bonnet which will propel our offering nationwide."
Patrick Reich
CEO at Bonnet
Use of funds
- 01Grow the team
