Funding expansion announced by our organization.
### Progress and Investment Opportunities for Sono Sion: A Solar-Powered Electric Vehicle
Sono Sion, the innovative electric vehicle (EV) with built-in solar power technology, is making significant strides in the automotive industry. Developed by the German startup Sono Group N.V., this groundbreaking vehicle offers an exciting blend of sustainability and performance.
**Investment Opportunities**
Investors seeking to be a part of Sono's success story can do so through equity or debt capital, or by participating in a special fund from CAV Partners and Grüne Sachwerte [1]. Sono Group N.V.'s stock is traded on the OTCQB under the ticker symbol SEVCF.
**Management Team Expansion**
To further advance the company's development, Sono Group N.V. has expanded its management team. Thomas Hausch, previously from Nissan and Daimler, has joined as the COO, while Isa Krupka, with experience at Van Eck, STOXX, and Dow Jones, has been appointed as the CCO [4][5].
**Financing Round and Goals**
The purpose of the financing round is to generate capital for the completion of the series development and manufacturing of the Sion [6]. The funds raised will be used for the finalization of series development, the conclusion of the Sion's validation phase, and the crucial next industrialization steps [7].
**Current Status and Progress**
The Sion is scheduled to go into production in the fourth quarter of 2019 [2]. The company has already exceeded its original target of 5,000 reservations, securing more than 8,000 fee-based vehicle reservations, equating to an order volume of around 140 million euros [8][9].
**Key Features**
- **Solar Integration:** The Sion features 456 solar cells integrated into its body panels, which can add up to 245 kilometers of additional range per week under ideal conditions [3]. - **Production Plans:** Sono initially planned to start production at the ex-Saab NEVS facility in 2022 but has since shifted to Valmet Automotive in Finland, with production starting in 2023 [2]. - **Manufacturing Goals:** The company aims to produce over 250,000 Sion cars over seven years [2]. - **Innovative Interior:** The vehicle includes a distinctive air filtration system that incorporates living moss, a feature that could add a unique touch to the production version [2].
**Challenges and Developments**
While solar integration enhances range, it remains supplementary due to the limitations of solar energy collection. The vehicle primarily relies on conventional battery systems for power [3]. However, advances in photovoltaic technology, such as flexible and ultra-thin panels, could further enhance solar collection efficiency without compromising vehicle design [3].
Sono Group N.V. is on a mission to accelerate the revolution of mobility by making every vehicle solar [10]. The integration of Sono Group N.V.'s solar technology aims to extend range, reduce fuel costs, and lessen the impact of CO2 emissions, contributing to climate-friendly mobility.
For press-related information, visit press@our website, and for investor-related information, visit ir@our website. The Munich-based mobility provider has announced the start of a second round of financing on October 18, 2018. [11]
[1] https://www.sono-motors.com/investors/ [2] https://www.sono-motors.com/en/sion/ [3] https://www.sono-motors.com/en/sion/solar-integrated-electric-vehicle/ [4] https://www.sono-motors.com/en/about-us/management/ [5] https://www.sono-motors.com/en/about-us/management/isa-krupka/ [6] https://www.sono-motors.com/en/investors/news/ [7] https://www.sono-motors.com/en/investors/investor-relations/ [8] https://www.sono-motors.com/en/investors/news/ [9] https://www.sono-motors.com/en/investors/news/ [10] https://www.sono-motors.com/en/about-us/mission/ [11] https://www.sono-motors.com/en/about-us/news/
1.The investment opportunities in Sono Sion's advancement, a solar-powered electric vehicle, are diverse and can be achieved through equity or debt capital, or by participating in a special fund from CAV Partners and Grüne Sachwerte. Sono Group N.V.'s stock is traded on the OTCQB under the ticker symbol SEVCF.
- The expansion of Sono Group N.V.'s management team, with the addition of executives like Thomas Hausch and Isa Krupka, demonstrates the company's focus on leveraging technology and business acumen to achieve its goals in the field of finance and investing, specifically in the development and manufacturing of the Sion.