London-based EV charging point aggregator Bonnet has secured £3 million in fresh funding via existing backers GV (the investment arm of Google), Lightspeed Venture Partners, and 20VC, as well as angle investors hailing from TIER Mobility, Wise, and Deliveroo.
And as of today, the company makes it official - why stop at £3 million, when you can offer eager crowdfunders a stake in the company? In operation, under the bonnet so to say, for several weeks now, according to Bonnet, they’re already overfunded, with nearly £600,000 being pledged via its community.
All told, the new operating capital is aimed at putting the growth pedal to the metal. Specifically, Bonnet is looking to expand its footprint in the UK and Continental Europe as well as roll out a host of new features aimed at both drivers and fleet managers.
According to the company, they’ve has more than doubled its coverage in Europe in the past three months alone and claims to have in excess of 200,000 chargers on its network.
Launched in 2021, founders Patrick Reich and Eliot Makabu sought to eliminate one of the biggest issues surrounding a complete and total conversion to electric vehicles: “What if I run out of power?” By bringing all available options and locations together under one roof, or app as it were, Bonnet provides users with real-time data of what’s available and where.
But finding a charging station is only half of the Bonnet story. The UK alone has a myriad of different charging networks, each with its own unique payment systems. Bonnet provides users with one simple payment plan that works with each and every one of these providers.
“Since launching Bonnet, engaging with and speaking to our active driver community every day has been central to how we’ve built our service, and we are glad through this crowdfunding campaign our users will now get the opportunity to take a real stake in Bonnet and its future,” commented Reich.