Bonnet Compliance on Autopilot

Raising up to $800k 💸 $4.019m PMV_{Pre-Money Valuation}

Update from Bonnet 01/10/2025: There has been approximately $300k committed off-platform, on top of the value currently invested via Catalist.

Bonnet is a SaaS platform that simplifies fleet management for small and medium-sized enterprises (SMEs) with 10-100 light vehicles. It addresses the cumbersome task of managing Warrant of Fitness (WOF), Registration, and Road User Charges (RUC).

Market Problem: Managing vehicle compliance is a tedious and error-prone task for commercial light vehicle fleet managers. Most rely on spreadsheets, risking mistakes, voided insurance, and missed compliance deadlines.

Bonnet's Solution: Bonnet pulls WOF, COF, REGO, and RUC data from NZTA via an API, presenting it in a user-friendly interface with a traffic light system that highlights priority tasks. Managers can quickly access up-to-date compliance details by entering a vehicle’s number plate and also manage insurance, warranty, and service records.

For existing shareholders, to avoid dilution, you would need to invest $195 in this round for every $1,000 invested in the first raise. Please reach out to hello@catalist.co.nz if you would like to take up your rights, but they are under the minimum investment amount.

Shareholders Agreement

Key Product Features:

Mobile App: Primarily for private vehicle owners; allows fleet drivers to manually enter odometer readings.
Web App/Portal: Ideal for fleet managers; set up a fleet in under 3 minutes.

Market Traction:

501% growth since 2024 raise
Current Reach: 5,041 paying vehicles in a market of 1.3 million business vehicles in NZ.
Revenue: ~$360k in annual recurring revenue.
Global Aspirations: Plans to expand globally, starting with Australia.

Team:

Steph Kennard (CEO & Co-founder): Self-taught web designer with automotive industry experience, including partnerships with brands like Jeep, Maserati, and Nissan.
Dave Webb (Co-founder & CTO): Specialist in cloud infrastructure with 25+ years’ experience in startups like LOVEFiLM and Zoopla.
David Eldor (Chair of the Board): High-tech executive with 20+ years' experience. Former Managing Partner at a German electronics firm, leading China operations.

Use of Funds: