Pollen Street Capital is an asset-backed credit investor focused on specialist finance strategies.
Portfolio
2
companies
Ferovinum
Ferovinum provides capital and logistics infrastructure for the global drinks industry.
Onto
Onto provides all-inclusive electric car subscriptions for drivers seeking flexibility.
Matthew Potter
Partner
Connor Marshall-Mckie
Investment Director
The asset-backed financing round was led by Pollen Street to support international growth across key markets.
"By unlocking access to a wider pool of private credit investors and global investment banks, we’re scaling up the working capital support available across the sector,"
The electric vehicle subscription provider has raised £100m in debt financing from CDPQ and Pollen Street.
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."
