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Rob Jolly
Co-founder and CEO @ Onto | Electric Vehicle Subscription Service
Rob Jolly is the Co-founder and CEO of Onto, a company that offers a sustainable car subscription service focused on electric vehicles (EVs). He has played a pivotal role in scaling Onto from its inception, starting with just five cars to achieving an annual recurring revenue of £40 million and a fleet of over 7,000 electric vehicles.123
Background and Career
Before founding Onto in 2017, Jolly held various roles in the automotive industry, including positions at Jaguar Land Rover, where he contributed to product strategy and innovation.3 His experience in the auto sector provided him with insights into the barriers to EV adoption, particularly the high costs associated with purchasing electric cars and the rigidity of traditional financing options. This understanding led to the development of Onto's subscription model, which aims to offer flexibility and lower entry costs for consumers interested in electric vehicles.12
Vision for Onto
In interviews, Jolly has emphasized the importance of making electric vehicle ownership more accessible and appealing. He identified key challenges in the market, such as the financial burden of EV purchases and the lack of flexible leasing options, which his company seeks to address through its innovative subscription service.12
Jolly's leadership at Onto has been recognized within the industry, and he has been featured as a "Rising Star" in automotive innovation, highlighting his contributions to the shift towards sustainable transportation.3
Highlights
We are proud to announce that we have officially raised $175 million of investment in a Series B funding round! The round was led by Alfvén & Didrikson on the equity raise, and with Pollen Street Capital providing a senior-secured asset-backed debt facility! This will allow us to improve our service and continue to accelerate EV adoption by bringing a flexible, sustainable and affordable solution to as many people as possible. So, as we embark on the next phase of our rapid growth, we’re truly looking forward to bringing you all along for the ride.
https://lnkd.in/ddXRVwD
#funding #growth #businessnews #mobility #EV
We are big fans of the Plug-in Car Grant and what it has done to help the adoption of pure EVs in the UK. We recognise that funds are limited, and that support would reduce over time. However unfortunately we believe that this reduced cap is not the right approach.
The new threshold is too low, reducing consumer choice by excluding family sized EVs with good driving ranges. Range anxiety is the number one concern for consumers, and with the new grant cap, only the smaller cars with the lower ranges will be eligible. This will slow EV adoption.
We’re doing our bit to make EV adoption accessible, easy and affordable in order to help the transition to a more sustainable automotive future and we believe that the government should do the same by keeping the cap at £50,000.
#EV #electriccar #motoring #mobility #automotive
