What is Bonnet?
Founded in 2019 and headquartered in London, United Kingdom, Bonnet aims to revolutionize the electric vehicle charging landscape. The company's core offering is an interoperable platform accessible via a mobile app, which provides drivers with real-time data on the availability and functionality of public charging stations. This solution directly tackles the common pain points of EV ownership, such as range anxiety and the unpredictability of charging infrastructure. Bonnet's strategic approach involves aggregating charger data to offer a seamless user experience, thereby promoting wider EV adoption.
How much funding has Bonnet raised?
Bonnet has raised a total of $10.2M across 4 funding rounds:
Grant
$97K
Other Financing Round
$1.2M
Unspecified
$5.5M
Private Equity
$3.4M
Grant (2021): $97K with participation from Innovate UK and OZEV
Other Financing Round (2021): $1.2M led by Ascension Ventures
Unspecified (2022): $5.5M supported by TheTwentyMinuteVC, Lightspeed Venture Partners, and GV
Private Equity (2023): $3.4M featuring Lightspeed Venture Partners, 20vc, and Deliveroo
Key Investors in Bonnet
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
GV
GV is a venture capital firm founded in 2001 that invests across multiple stages and sectors, focusing on enterprise solutions, life sciences, consumer products, and frontier technology innovations. They provide financial backing to promising startups and growth-stage businesses globally.
Ascension Ventures
Ascension is a venture capital firm that specializes in backing early-stage tech businesses addressing societal challenges, with a focus on impact-driven investments. They offer a range of funds designed to deliver capital growth and social impact.
What's next for Bonnet?
With the recent influx of major strategic investment, Bonnet is poised for significant expansion and development. The company is likely to leverage this capital to enhance its platform's capabilities, potentially expanding its network coverage and improving the accuracy of its real-time charger data. Further investment in technology and partnerships will be crucial for Bonnet to solidify its position as a leader in the EV charging solutions market. The company's focus on interoperability and affordability suggests a strategy aimed at capturing a substantial share of the growing EV driver market, particularly in urban areas where home charging is less common.
See full Bonnet company page
