Bonnet are crowdfunding?!? 🤔

[AK OK]

Email today from our chums at Bonnet announcing they are attempting to crowd fund? Why would you ?

Hmmm someone has...

"Bonnet
The most user-friendly way to charge your car anywhere

Total funding: £4,920,000

Last funding: 02/03/2022

Funding rounds: 4"

 

[jamesie]

They aren't bothered to explain why in their email.....so, why would you?

Bit of a "dead duck", imo.

 

[AK OK]

They aren't bothered to explain why in their email.....so, why would you?

Bit of a "dead duck", imo.

All they appear to do is contract buy electricity & sell it to their "customers" for more whilst presumably paying the charger co.'s a slice? & pocket the leftovers...

If this model works why would they need to crowdfund the £4.9m they have already had & why do they need more I wonder!?

 

[jamesie]

All they appear to do is contract buy electricity & sell it to their "customers" for more whilst presumably paying the charger co.'s a slice? & pocket the leftovers...

If this model works why would they need to crowdfund the £4.9m they have already had & why do they need more I wonder!?

Exactly.

Also, many customers (myself included) won't forget them "stealing" back offers of free charges without giving much (any!) notice. So investing in a company that treats its customers poorly isn't on my radar.

 

[AK OK]

Exactly.

Also, many customers (myself included) won't forget them "stealing" back offers of free charges without giving much (any!) notice. So investing in a company that treats its customers poorly isn't on my radar.

ISTR when I looked em up ages ago there appeared to rather a lot of "young execs with rather grand job titles" all in a nice office in London & all presumably rewarding themselves handsomely for their "efforts"... Wonder if that's where a chunk of the first £4.9m went....

 

[Jomarkh]

So where will the £500 Prize came from for their latest promotion?

 

[AK OK]

Exactly.

Also, many customers (myself included) won't forget them "stealing" back offers of free charges without giving much (any!) notice. So investing in a company that treats its customers poorly isn't on my radar.

"Bonnet founders Patrick and Eliot who have a unique perspective on how to bring a next generation, delightful product experience to market while augmenting the efforts of underlying infrastructure providers."

Hmmm

EV charging startup Bonnet gears up for hiring spree with £4m raise

London-based electric vehicle charging platform Bonnet has secured $5.5m in its recent funding round. Investors included Lightspeed and GV.

www.uktech.news

 

[AK OK]

Another drum beating email from the gang with the warning

"

​ Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

​ Happy Charging, Patrick & Eliot Founders, Bonnet

"
Sounds tempting...

 

[Shrink Proof]

Just had what they claim will be the final email begging email ("This is the last you'll hear..." - aye, right). But the email title smacks of desperation:-

12 HOURS LEFT! GO GO GO!

 

[fatboyfat1981]

Another drum beating email from the gang with the warning

"

​ Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

​ Happy Charging, Patrick & Eliot Founders, Bonnet

"
Sounds tempting...

They’ve got to do that under EIS rules, it ain’t like buying shares in M&S.

(Full disclosure, I’ve put in £100 before tax relief just as a complete punt)

 

[AK OK]

They’ve got to do that under EIS rules, it ain’t like buying shares in M&S.

Agreed - a complete gamble.

(Full disclosure, I’ve put in £100 before tax relief just as a complete punt)

Keep us updated on how, when & what happens

 

[fatboyfat1981]

Agreed - a complete gamble.

Keep us updated on how, when & what happens

If they go public and I make millions (LoL) you’ll be the first to know…

 

[AK OK]

If they go public and I make millions (LoL) you’ll be the first to know…

Lol