English electric car rental company in trouble
English society ONTO electric car leasing leader asked the administration to the Tribunal, the equivalent of bankruptcy. This is after raising tens of millions of pounds from backers like Legal & General (L&g) .
He makes it known Sky News who learned it from Onto Holdings.
Onto had assembled a fleet of 7000 electric vehicles and a subscriber base of 20.000 clients and failed to finalize the bailout sale it had initiated with Deloitte advisors over the past few weeks.
This seems to demonstrate that the electric car is not a good investment, nor commercial, nor financial.
