Ovo Energy acquires Bonnet app for public EV charging

Ovo Energy announces acquiring the public EV charging app Bonnet. One of the largest consumer apps, it claims to show over 80% of UK charge points available on the app. It also enables payment at over 27,000 chargers at 7,000 locations.

Taking a broader view, Bonnet says EV drivers can access more than 400,000 chargers across the UK and Europe. Apart from location services, EV drivers can also use and pay for public charge points without switching between different cards or logins via the app.

As for Ovo, the company has not disclosed the cost of acquisition. Mat Moakes, Chief Commercial Officer, OVO, added, “By combining Bonnet’s cutting-edge app and Ovo’s experience and scale, we will encourage more people to adopt electric vehicles and transition to a greener lifestyle.”

Patrick Reich, CEO and Co-Founder of Bonnet, said that partnering with Ovo was “going to unlock new opportunities, such as new features and integrations to people’s homes”.

The company did give no further reasons for the sale. Only in March this year, Bonnet launched a public crowdfunding campaign and said that it got £3 million in equity from powerful investors such as Google’s investment arm GV and partners from the transport space, such as Tier Mobility, Wise, and Deliveroo.

Ovo says its intelligent charging add-on, Charge Anytime, has saved customers more than £3 million when home charging since it launched earlier this year. Powered by Kaluza technology, the add-on automatically optimises cars to charge when emissions and prices are low.

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