About Bonnet
Bonnet is a company based in London (United Kingdom) founded in 2019 by Eliot Makabu and Patrick Reich was acquired by OVO Energy in November 2023.. Bonnet has raised $12.35 million across 4 funding rounds from investors including OVO Energy, Imperial College London and Lightspeed Venture Partners. The company has 20 employees as of December 31, 2022. Bonnet offers products and services including EV Charging App and Membership Plans.
- Headquarter London, United Kingdom
- Employees 20 as on 31 Dec, 2022
- Founders Eliot Makabu, Patrick Reich
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bonnet Ltd
- Date of Incorporation 25 Oct, 2019
- Jurisdiction BRISTOL, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.35 M (USD)
in 4 rounds
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Latest Funding Round
$5.5 M (USD), Series A
Dec 22, 2022
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Investors
OVO Energy
& 13 more
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Employee Count
20
as on Dec 31, 2022
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Acquired by
OVO Energy
(Nov 24, 2023)
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Products & Services of Bonnet
Bonnet offers a comprehensive portfolio of products and services, including EV Charging App and Membership Plans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for finding and paying at EV charging stations.
Service offering discounts and rewards on EV charging.
Unlock access to complete
Funding Insights of Bonnet
Bonnet has successfully raised a total of $12.35M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.5 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $5.5M
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First Round
First Round
(29 Jul 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Bonnet | Valuation | Lightspeed Venture Partners | |
| Feb, 2022 | Amount | Seed - Bonnet | Valuation |
investors |
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| Aug, 2021 | Amount | Grant - Bonnet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bonnet
Bonnet has secured backing from 14 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include OVO Energy, Imperial College London and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage startups are invested in by APX venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bonnet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bonnet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bonnet Comparisons
Competitors of Bonnet
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bonnet
Frequently Asked Questions about Bonnet
When was Bonnet founded?
Bonnet was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Bonnet located?
Bonnet is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Bonnet?
Patrick Reich is the current CEO of Bonnet. They have also founded this company.
Is Bonnet a funded company?
Bonnet is a funded company, having raised a total of $12.35M across 4 funding rounds to date. The company's 1st funding round was a Grant of $95.76K, raised on Jul 29, 2021.
How many employees does Bonnet have?
As of Dec 31, 2022, the latest employee count at Bonnet is 20.
What does Bonnet do?
Bonnet was founded in 2019 in London, United Kingdom, within the electric vehicle mobility sector. An app is provided for users to locate charging stations by location, receive pricing notifications and updates, access charging details, plan routes, initiate plug-ins for vehicles, and complete payments. Operations focus on integrating these functions into a single platform for electric car owners.
What products or services does Bonnet offer?
Bonnet offers EV Charging App and Membership Plans.
Who are Bonnet's investors?
Bonnet has 14 investors. Key investors include OVO Energy, Imperial College London, Lightspeed Venture Partners, UK Research and Innovation, and Google Ventures.