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Onto

Electric car subscription service

101-200 employees
  • B2C
  • B2B
  • Travel
  • Sustainability
  • Cars
  • Transport
  • Subscription
  • Electric Vehicles
  • D2C
Warwick CV34 5YA

Company mission

To provide a more accessible and affordable way for people to switch to electric cars.

Top investors

100% employee growth in 12 months

Otta's take

Xav Kearney headshot

Xav Kearney

CTO of Otta

Onto offers an all-inclusive electric vehicle subscription service. For a flat monthly fee, customers get the latest electric cars with insurance, servicing, breakdown cover and free public charging at thousands of locations in the UK. The company has already secured network partnerships with Shell, BP, and Tesla.

Growth in the sales of electric cars is being held back by the expensive prices associated with the vehicles. In fact, the premium paid for electric cars is a concern for more than half of UK consumers, according to a poll conducted on behalf of the Society of Motor Manufacturers and Traders. Onto's subscription model is therefore presenting a solution to this problem, focusing primarily on accessibility and affordability.

Since 2017, Onto has expanded rapidly and now accounts for close to 5% of all new UK electric vehicle registrations monthly. It is the largest electric vehicle fleet in the UK, and has raised considerable funding to further grow the number of cars it controls - as well as to enable it to add the newest electric car models to the fleet.

Benefits

  • Onto car discount (via Salary Sacrifice) - become a customer and join the EV revolution
  • Learning and development courses
  • Summer and Winter Parties
  • Quarterly off-sites and team building
  • 25 days holiday (excl. bank holidays)
  • Work from home opportunities
  • Staff options scheme
  • Enhanced maternity and paternity leave policies
  • Personal days - supporting mental health and creating space for employees
  • A fun and social office environment
  • Generous new hire referral bonus of £1000

Company values

  • Steered by data: We use data to make smart decisions, when we don’t have data we use our intuition and experiment until it exists or to create it.
  • Simplify everything: We keep our product, communications and processes simple. We remove unnecessary tasks and use automation to ensure a “hassle free” experience for our team and customers.
  • Take the lead: We’re self starters who drive things forward and take accountability for our actions. We get creative and push boundaries to minimise waste and protect our resources. By aligning our priorities and staying focused we achieve our goals.
  • Always open: We’re open to failing fast and learning quickly. Whether small or big changes, we adapt, commit and deliver. We communicate openly and transparently with our customers and each other too.
  • Thrive through diversity: We embrace different opinions and individual experiences. We encourage everyone to share their unique perspectives to create something incredible together.
  • Positivity is power: We express our playfulness and believe in the power of positivity. We encourage each other to remain optimistic throughout the Onto journey. We celebrate the greatness in each other and enjoy wins together.

Funding (last 2 of 5 rounds)

Jul 2022

$60m

SERIES C

Jul 2021

$87.5m

SERIES B

$157.8m

Total funding

This company has top investors

Founders

Former Product Strategy & Innovation Manage at Jaguar Land Rover.

Dannan O'Meachair

(VP of People)

Former Director of Operations at digital marketing agency Assemble Digital.

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