£100M
The electric vehicle subscription provider has raised £100m in debt financing from CDPQ and Pollen Street.
C
CDPQ
Venture CapitalCDPQ is an institutional investor managing capital for public pension and insurance plans.
Portfolio
1
companies
By category
- TransportTech£200M
By location
- United Kingdom£200M
Portfolio companies
Team
MC
Marc Cormier
Executive Vice-President and Head of Fixed Income
Recent investments
£100M
The financing follows previous backing from Pollen Street and aims to support the company fleet expansion.
"We’re grateful for the support of Pollen Street and CDPQ – it will turbocharge our UK growth plans and consolidate our position as the leading electric car subscription service. This is a pivotal moment for the adoption of electric cars, and at Onto, we want to make them more accessible and affordable to people who want to make environmentally-conscious choices. The opportunity to provide an alternative to car ownership has never been more desirable – our subscribers benefit from the convenience, flexibility, and choice of a monthly subscription model."