Sono Motors Announces Progress on the Community Campaign
11 Janvier 2023 - 11:36PM
The solar-mobility OEM Sono Group N.V. (NASDAQ: SEV) (“Sono Motors”
or the “Company”) announces that in line with its previously
communicated special marketing campaign, the Company has received
payment commitments from its customer community worth approximately
€40 million as of 10 January 2023.
The campaign was launched on 8 December 2022 and
is expected to last until the end of January 2023. It presents a
non-dilutive solution for funding the majority of Sono Motors’
investment program until the next important milestone - the
pre-series vehicle production of Sono Motors’ solar electric
vehicle, the Sion.
As part of the campaign, Sono Motors is holding
a series of community events and media presentations and is
offering Sion test drives across Germany, Switzerland and Austria.
Following presentations already held in Berlin, Hamburg, Amsterdam,
Frankfurt and Stuttgart, among others, Sono Motors will host a Tech
Day in its Munich headquarters, as well as several upcoming events
in Bern, Zurich, Innsbruck and Vienna.
Due to the high level of interest in the Sion,
the Company received approximately 1,200 new business-to-consumer
(B2C) reservations for the vehicle since the start of the campaign
– contributing to the biggest month-over-month increase in B2C
reservations in December 2022 since the Company went public.
“Our focus remains on bringing the Sion into
production in early 2024 as we further execute our mission of
revolutionizing mobility by making every vehicle solar,” says
Laurin Hahn, CEO and co-founder of Sono Motors.
NOTEReservations can only be
made by persons located in 27 European jurisdictions. We do not
accept reservations from persons located in any other country. We
also do not accept reservations from U.S. persons. This document is
for information purposes only.
ABOUT SONO MOTORSSono Motors is on a pioneering
mission to accelerate the revolution of mobility by making every
vehicle solar. Sono Motors’ disruptive solar technology has been
engineered to be seamlessly integrated into a variety of vehicle
architectures — including buses, trucks, trailers, and more — to
extend range and reduce fuel costs as well as the impact of CO2
emissions, paving the way for climate-friendly mobility.
The Company’s trailblazing vehicle, the Sion,
has the potential to become the world’s first affordable solar
electric vehicle (SEV) for the masses. Empowered by a strong global
community, Sono Motors has approx. 21,000 reservations with advance
down-payments for the Sion as of 30 November 2022.
PRESS CONTACTChristian
Scheckenbach | press@sonomotors.com
| www.sonomotors.com/press
FORWARD-LOOKING STATEMENTSThis
press release includes forward-looking statements. The words
"expect", "anticipate", "intend", "plan", "estimate", "aim",
"forecast", "project", "target", “will” and similar expressions (or
their negative) identify certain of these forward-looking
statements. These forward-looking statements are statements
regarding the Company's intentions, beliefs, or current
expectations. Forward-looking statements involve inherent known and
unknown risks, uncertainties, and contingencies because they relate
to events and depend on circumstances that may or may not occur in
the future and may cause the actual results, performance, or
achievements of the Company to be materially different from those
expressed or implied by such forward looking statements. These
risks, uncertainties and assumptions include, but are not limited
to (i) the impact of the global COVID-19 pandemic on the global
economy, our industry and markets as well as our business, (ii)
risks related to our limited operating history, the rollout of our
business and the timing of expected business milestones including
our ability to complete the engineering of our vehicles and start
of production on time and budget and risks related to future
results of operation, (iii) risks related to our unproven ability
to develop and produce vehicles and with expected or advertised
specifications including range, and risks relating to required
funding, (iv) risks related to our ability to monetize our solar
technology, (v) risks relating to the uncertainty of the projected
financial information with respect to our business including the
conversion of reservations into binding orders, (vi) effects of
competition and the pace and depth of electric vehicle adoption
generally and our vehicles in particular on our future business and
(vii) changes in regulatory requirements, governmental incentives
and fuel and energy prices. For additional information concerning
some of the risks, uncertainties and assumptions that could affect
our forward-looking statements, please refer to the Company’s
filings with the U.S. Securities and Exchange Commission (“SEC”),
which are accessible on the SEC’s website at www.sec.gov and on our
website at ir.sonomotors.com. Many of these risks and uncertainties
relate to factors that are beyond the Company's ability to control
or estimate precisely, such as the actions of regulators and other
factors. Readers should therefore not place undue reliance on these
statements, particularly not in connection with any contract or
investment decision. Except as required by law, the company assumes
no obligation to update any such forward-looking statements.
Sono Group NV (NASDAQ:SEV)
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