Bonnet launches crowdfunding campaign

Electric vehicle charger aggregator Bonnet has launched its crowdfunding campaign after several weeks of users pledging to take a stake in the company.

The London-based start-up, launched in 2021, has taken the move to offer its nearly 150,000 users an opportunity to take a stake in its mission to make charging accessible for all. The company, founded by Patrick Reich and Eliot Makabu, aims to avoid the need to download multiple apps when charging EVs.

Alongside its crowdfunding launch, Bonnet has also revealing it has received a further £3m equity injection from its existing long-term investors, including founder entrepreneurs from TIER Mobility, Wise, and Deliveroo – and others such as GV (the investment arm of Google), Lightspeed Venture Partners, and 20VC.

The new funding will be used by Bonnet to further accelerate growth. In the last three months, Bonnet has more than doubled its coverage in Europe and has more than 200,000 chargers on its network.

Over the next year, the firm said it plans to build with a focus on reliability and further growth across the UK and Europe, as well as introduce new features for drivers and fleet managers.

Patrick Reich, CEO and co-founder of Bonnet, said: “We have been growing extremely quickly over the past year as thousands of people and businesses each day jump into electric vehicles desperate for an easy, simple way to charge up.

“Our long-term mission is to be the only app EV owners need to have on their phone, and this new funding from both our current and existing backers and investors will accelerate us towards that ambition.

“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.”

Image courtesy of Bonnet

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