Sono Motors Announces Progress on the Community Campaign
MUNICH, Germany, Jan. 11, 2023 (GLOBE NEWSWIRE) -- 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.
Reservations 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 MOTORS
Sono 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.
Christian Scheckenbach | email@example.com | www.sonomotors.com/press
This 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.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Fluence Launches Ultrastack, its Highest-Performance Energy Storage Product to Date, to Transform Transmission and Distribution Grids29.3.2023 08:00:00 CEST | Press release
Fluence Ultrastack™ deployed as a transmission asset will reduce energy costs to customers by decreasing expenses of operating and developing network infrastructure through managing renewable curtailment, increasing utilization of existing power lines, and limiting congestions.Network owners and operators will have access to next-generation, patent-pending advanced controls and critical applications with very high (more than 99%) reliability to ensure grid stability during contingency events and increased energy security. ARLINGTON, Va., March 29, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and cloud-based software for renewables and storage, announced today the release of Fluence Ultrastack™. Ultrastack is an advanced energy storage product designed to transform the way transmission and distribution networks operate around the world by addressing some of the main challenges created by the ene
Meeting Professionals International (MPI) announces Luxembourg as location for its 2024 signature event, the European Meetings and Events Conference (EMEC)29.3.2023 08:00:00 CEST | Press release
Thanks to its foundational creation pillars, EMEC establishes a path for growth of the global events industry. Brighton, UK, March 29, 2023 (GLOBE NEWSWIRE) -- Meeting Professionals International (MPI), the largest meeting and event industry organisation worldwide, is excited to announce that it has chosen the Grand Duchy of Luxembourg as the host destination for the 2024 edition of its award-winning signature event, European Meetings and Events Conference (EMEC). Now in its 35th year, and attracting more than 300 attendees annually, EMEC is the European community’s premier event for meeting and event professionals. Purposefully designed by Europeans for Europeans, MPI strives to find destinations for its global events that are aligned with its mission. Through an extensive, competitive Request for Proposal process, Luxembourg was chosen for its ability to deliver unique learning experiences based on a combination of its diverse range of attractions, unique dining experiences and centr
Huhtamäki Oyj: Notice to the Annual General Meeting29.3.2023 08:00:00 CEST | Press release
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 29.3.2023 AT 9:00 EEST Huhtamäki Oyj: Notice to the Annual General Meeting Notice is given to the shareholders of Huhtamäki Oyj (the “Company”) to participate in the Annual General Meeting to be held on Thursday, April 27, 2023, at 11:00 a.m. (EEST) at Marina Congress Center, Katajanokanlaituri 6, 00160 Helsinki, Finland. Reception of shareholders who have registered for the meeting and distribution of voting tickets will commence at 10:00 a.m. (EEST). Shareholders may follow the Annual General Meeting via a webcast. The webcast is available for those shareholders who have registered for the webcast and are also registered in the Company's shareholders’ register maintained by Euroclear Finland Ltd on the record date of the Annual General Meeting, April 17, 2023. Instructions on how to register as a follower for the webcast and how to follow the webcast are available on the Company’s website (www.huhtamaki.com). It is not possible to present question
Flex LNG - 2023 Annual General Meeting29.3.2023 08:00:00 CEST | Press release
Hamilton, Bermuda March 29, 2023 FLEX LNG LTD. (the “Company”) advises that the 2023 Annual General Meeting of the Company will be held on May 8, 2023. The record date for voting at the Annual General Meeting is set to April 11, 2023. The notice, agenda and associated material will be distributed prior to the meeting. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Borregaard ASA: Proxies for the Annual General Meeting 18 April 202329.3.2023 07:44:56 CEST | Press release
In connection with Borregaard’s Annual General Meeting, Mr. Per A. Sørlie, President and CEO of Borregaard ASA, has been assigned voting rights based on proxies for 7,297,565 shares in Borregaard ASA. The proxies apply exclusively to the Annual General Meeting in Borregaard ASA on 18 April 2023. This means that Mr. Per A. Sørlie represents a total of 7,30 % of the outstanding shares in Borregaard ASA. Mr. Per A. Sørlie’s personal shareholding in Borregaard ASA is 164,810 shares. Borregaard ASA Sarpsborg, 29 March 2023 Contact: Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909 This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.