Onto, one of the UK’s largest electric car subscription providers, has entered administration following the loss of key financial backer Legal & General (L&G).
The company offered flexible leases on EVs, charging zero upfront deposit and rolling extras such as insurance tax into one monthly subscription fee.
It held a stock of 7000 vehicles – including the Fiat 500, Tesla Model 3 and Volkswagen ID 3 – and had 20,000 customers.
