Applied Financing Solutions
Private Equity, Other
In operation since/from: 2016
Since its foundation in 2016, Sono Motors is on a mission to establish a revolutionary mobility system, where every vehicle is electric, solar, and shared. Today, an experienced team of engineers, designers, technicians, and industry experts are developing and building a future-oriented electric car suitable foreveryday use. The Sion comes with integrated solar cells and innovative mobility services which enable users to easily access clean mobility, harness solar energy and reduce their personal CO2 impact.
Sono Motors, therefore, offers smart solutions for the current hurdles of electric mobility: range, costs, and charging infrastructure. Due to its sharing services, the company also aims at tackling the issue of cities that are overcrowded by inefficiently used vehicles.
Success Factor | Hero Moment
In 2017 Sono Motors unveiled their first prototype to the world. Within a year, they collected over 5,000 reservations for the final vehicle. When the company faced major financial challenges in late 2019, it initiated one of the largest crowdfunding campaigns in Europe. Supported by its community, €50,000,000 was raised in only 50 days. At the Consumer Electronics Show 2021, Sono Motors presented its second prototype of the Sion.
Sono Motors, Germany