Sono Motors wants to go public
According to a media report, the start-up needs more money for the production of its solar cars. An IPO is intended to raise fresh capital.
The Munich-based start-up Sono Motors wants to go public in the USA as early as the beginning of next year. 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 before it can be launched on the market. Sono Motors already received millions via crowdfunding a year ago. A further 50 million was raised in January through advance payments for cars that had already been reserved. The IPO is now expected to bring additional money into the company's coffers.
Sono Motors plans to build the Sion in Sweden. The car will be solar-powered and customers will be able to drive 255 kilometers in it. The solar cells can produce electricity for an additional 34 kilometers of range every day. The 163 hp car will cost 25,500 euros. The start-up plans to build a total of almost 260,000 cars.
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