On June 24, Sono Group N.V., announced that its subsidiary Sono Motors GmbH, the solar technology company, pivoted its business model to concentrate mainly on B2B solar solutions.
In November 2023, the company secured an investment deal with YA II PN Ltd. (Yorkville), providing essential funding to support our operat

On February 15, Sono Group N.V. announced that it plans to meet the initial listing requirements of the Nasdaq capital market. The company is also planning to apply for admission to trading on OTCQB, to generate additional liquidity for the company’s shares and facilitate investor activity as a fully reporting entity

On February 7, Sono Motors announced that the insolvency court of the local court of Munich, Germany, has confirmed its insolvency and restructuring plan, as well as the closing of its recently announced investor deal with YA II PN, Ltd. (“Yorkville”).
The Yorkville deal was finalized following the court's approval o

On November 27, Sono Motors signed investment agreements with YA II PN, Ltd. ("Yorkville"), which will help the company to restructure, emerge from its self-administration processes and continue its solar integration business. The investment with Yorkville and the conclusion of the insolvency is projected to close in

On October 30, Sono Motors announced that it is in the process of terminating the contracts of its remaining employees to ensure that employee wages do not result in an additional liquidity burden if talks with investors fail. The terminations are expected to become effective in January and February 2024. Discussions

On July 12, Sono Group N.V. received a delisting notice from The Nasdaq Stock Market LLC (Nasdaq) stating that its common shares will be suspended at the opening of business on July 21, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the company’s securities from l

On May 15, Sono Motors applied a protective shield proceeding at the competent local court of Munich. Business operations will continue within the framework of the protective shield proceeding.
At the end of February 2023, Sono Motors announced that it would restructure its business model. A repayment plan was develo

On March 8, Sono Group N.V. signed a purchase order with a second passenger car manufacturer, one of the 10 largest in the world. The scope of the order is the delivery of solar body panels for one vehicle, so that, together with Sono Motors, the OEM can explore solar integration into their cars. Sono Motors has deve

On February 24, Sono Group N.V. announced that it has decided to pivot its business model to exclusively retrofitting and integrating its solar technology onto third-party vehicles and to terminate its Sion passenger car program (‘Sion program’). Termination of the Sion program reflects a decision to focus on a capit

On January 18, solar mobility OEM Sono Motors announced that it is making progress in the testing and series-validation program of its solar electric vehicle Sion. It plans to have the first Sion pre-series vehicles built using series tools at its production partner Valmet Automotive in Finland in the second half of

On December 26, Sono Motors announced that it has received more than 1,000 full deposits for the solar electric vehicle Sion. The 50-day #savesion campaign was launched on 8 December and aims at raising approx. EUR 100 million gross from deposits, which equals 3,500 fully paid reservations for the Sion. The company w

On December 21, Sono Motors announced that minor changes to the investment plans have resulted in a planned pre-series production of its solar electric vehicle “Sion” in 2023 and planned SOP (Start of Production) in the first quarter of 2024.
92% of its suppliers are nominated, and 39 % of the machines for series pr

Sono Motors extended its cooperation with Continental AG (Continental) for its solar electric (solar EV) - Sion. The companies will integrate an advanced driver assistance system (ADAS) from Continental in Sono Motors’ series-validation solar electric vehicles for the first time, as part of the expanded cooperation.

On October 11, Sono Motors announced its solar electric vehicle (SEV) Sion at Times Square in New York City, kicking off a three-week cross-country tour including stops in Boston, Detroit, San Francisco Bay Area, and Los Angeles. The start of production for the Sion is planned for the second half of 2023.
Sono Motors

On September 7, Sono Motors, the Munich-based solar mobility OEM, signed a Letter of Intent with FINN, a Munich-based car subscription platform, aiming to solidify their cooperation. FINN was one of Sono Motors’ first B2B reservation holders.
Following its initial, non-binding reservation of 5,500 Sion in 2020, FINN

On August 18, Sono Motors announced that it will participate for the first time as an exhibitor at IAA Transportation 2022 in Hanover. From 19 - 25 September (exclusive press day on 19 September), the Munich-based solar mobility OEM will present its proprietary solar technology as well as several solar integrated pro

On July 25, Sono Motors announced the debut of the world’s first affordable solar electric vehicle (SEV), the Sion, in its production design, and the unveiling of its novel ‘Solar Bus Kit’, a scalable B2B retrofit solution that reduces fuel consumption and inner-city greenhouse gas emissions, thereby contributing to

On June 22, Sono Motors announced that it has received over 18,000 private reservations for the solar electric vehicle (SEV) - Sion till May 15, 2022, with an average down-payment of EUR 2,310 and equivalent net sales volume of EUR 393 million, assuming that all reservations result in sales. Sion reservations continu