Bonnet in a £850K equity financing round led by Ascension Ventures.

Bonnet, a London, UK-based startup operating a subscription business for selling access to EV charging points, announced that it completed funding of £920k.

The money is mostly equity, specifically £850K ($1.2M) raised from investors led by Ascension Ventures, joined by Imperial College London and APX. An additional £70,000 came from Innnovate UK and OZEV.

Bonnet, founded in  2019 by CEO Patrick Reich and Eliot Makabu, developed an EV charging platform simplifying payments, providing drivers real-time data on charger availability and functionality – drawn from multiple sources – and offers drivers lower-cost charging that they can use anyway across the network, rolling over what they don’t use into the next month. The company says it aggregated over 1,400 public charging points across the UK and is on track to incorporate at least 70% of all charge points by the end of 2021.