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553 EV subscription firm Onto enters administration

UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 09/12/2023 06:34 EDT

EV subscription firm Onto enters administration

Electric car subscription company Onto has entered administration just over a year after securing nearly £150m in funding. Onto said in an announcement on Monday that it had appointed administrators from Teneo Financial Advisory to oversee the administration of Onto Holdings, along with its four additional subsidiaries. Administrators cited rising interest rates and a “squeeze” ...

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