UK Energy Company OVO Acquire EV Charging Consumer App Bonnet for an undisclosed sum. Bonnet’s groundbreaking technology brings together nationwide public charge point operators into one app. Bonnet is one of the largest public charging consumer apps with over 80% of the UK’s charge points available on the app.
EV drivers have access to over 27,000 chargers at 7,000 locations. EV drivers can locate, use and pay for public charge points without switching between different cards or logins.
The acquisition underlines OVO’s focus on developing new propositions to help accelerate the green transition and support customers on their journey to zero carbon living.
Mat Moakes, Chief Commercial Officer, OVO, said: “Like Bonnet, we want to revolutionise the EV charging experience and take another step forward on our Path to Zero. Using innovative technology they’re connecting EV drivers to the best charging networks available and turning every charge point into an accessible and simple charger that any driver can use. 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: “This is an exhilarating moment for Bonnet and our team. We have long admired OVO and what they’ve been doing to make owning an EV as easy as possible. At Bonnet, we share this mission, and since we launched in 2021 we’ve made charging publicly across the UK and Europe simpler and more reliable for our more than 150,000 engaged drivers and their families. “Our driver community has always been at the heart of every move we’ve made – from product updates to our strategic direction – and we know partnering with OVO is going to unlock new opportunities, such as new features and integrations to people’s homes.”
Eliot Makabu, CTO and Co-Founder of Bonnet, commented: “Reducing the impact of climate change sits at the core of our business and, through our efforts, we have been enabling people to drive cleaner vehicles. In OVO, we find a like-minded partner with outstanding green credentials, and together we are looking forward to continuing to have a positive impact on the world so that more people and businesses can embrace clean transport and renewable energy. By being part of OVO, as one of the UK’s leading energy companies, we can now fully double-down on our ambitions for growth and seize new opportunities to help EV drivers, building into the entire driver journey – whether at home or away.”
OVO was founded in 2009 and believes that energy can be better for people, their wallets and the planet. OVO is on a mission through its sustainability strategy Plan Zero to tackle the most important issue of our time; the climate crisis, by bringing our customers with us on the path to zero.
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Bonnet was launched in 2021 to make charging as simple and easy as possible for electric car drivers, saving them from downloading multiple apps.
Bonnet was founded by Patrick Reich and Eliot Makabu, who both met and came up with the idea for Bonnet while studying electrical engineering together in London.