Bonnet launches crowdfunding as its lands new investment

Bonnet has launched its crowdfunding campaign publicly with nearly £600,000 pledged by its community so far.

Alongside its crowdfunding launch, Bonnet has also announced that it has received a further £3 million equity injection from its existing long-term investors, including founder entrepreneurs from TIER Mobility, Wise, and Deliveroo, plus notable investors 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 off the back of strong traction during 2022. In the last three months alone, Bonnet has more than doubled its coverage in Europe and now boasts over 200,000 chargers on its network.

Over the next year, Bonnet plans to build on its unique product with a large focus on reliability and to further grow across the UK and Europe, as well as introduce an array of new innovative 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.”