Sono Motors wants to go public
Tom Schmidtgen
| 11.12.2020
According to a media report, the start-up needs more money for the production of its solar cars. An IPO is supposed to bring in fresh capital.
As early as the beginning of next year, Munich-based start-up Sono Motors wants to go public in the US. This is reported by Manager Magazin
. The latest prototype is also to be presented then. Sono Motors wants to deliver the first solar-powered cars from 2022, and customers have already reserved 12,000 "Sions".The start-up needs a total of 200 million euros until market launch. A year ago, Sono Motors already received millions via crowdfunding. Another 50 million was raised in January through down payments of already reserved cars. The IPO is now expected to flush additional money into the coffers.
Sono Motors plans to build the Sion in Sweden. The car will be solar powered and female customers should be able to drive it 255 kilometers. The solar cells can produce daily electricity for an additional 34 kilometers of range. The 163 hp car is expected to cost 25,500 euros. In total, the start-up plans to have nearly 260,000 cars built.
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Startup
2016
München
Sono Motors
Developing and building an electric car that is suitable for daily use, with integrated solar cells and mobility services.
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