Bonnet are crowdfunding?!? ?

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

Bit of a "dead duck", imo.
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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!?
??‍♂️
 
AK OK said:
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!?
??‍♂️
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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.
 
jamesie said:
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.
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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....
 
jamesie said:
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.
Click to expand...
"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

www.uktech.news

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
 
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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...??
 
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!
?

 
AK OK said:
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...??
Click to expand...
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)
 
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