Electric vehicle leasing group Onto collapses after L&G pulls plug
Electric car subscription company Onto has entered administration just over a year after securing nearly £150m in funding.
Source: bmmagazine.co.uk
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Electric vehicle leasing group Onto collapses after L&G pulls plug
Onto, which had raised hundreds of millions of dollars in debt and equity financing, called in administrators on Monday after failing to find a buyer, Sky News learns.
Source: sky.com
EV leasing group Onto up for sale after L&G pulls backing
Onto, which operates an electric vehicle subscription service, has drafted in Deloitte to explore a sale weeks after Legal & General said it would not inject more money, Sky News learns.
Source: sky.com
Legal & General pulls plug on electric vehicle leasing group Onto
L&G has informed Onto that it will not provide additional funding to the EV subscription company weeks after injecting a further £22.5m, Sky News can reveal.
Source: sky.com
EV leasing service Onto secures $60m backing to drive European expansion
The Legal & General-led investment round was aimed at funding expansion of subscription service into new markets, according to firm
Source: businessgreen.com