EV lease firm Onto collapses into administration
Electric car subscription firm Onto, which has a fleet of 7,000 EVs and a customer base of 20,000 subscribers, has collapsed as it ran out of cash.
Source: am-online.com
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Customers worry about refunds as dress firm Chi Chi sold after going bust
The brand's products are stocked by the likes of Debenhams, House of Fraser and John Lewis, and its founders appeared in a TV show where contestants battled to win a designer role at the firm.
Source: dailymail.co.uk
Onto calls in administrators blaming fall in used EV values
Car subscription service provider Onto has entered administration, blaming the “steep fall” in electric vehicle residual values.
Source: fleetnews.co.uk
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
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