Connect with us

Crowdfunding

Sono Motors counts over 13,000 reservations for Sion

Sono Motors had originally planned to start delivering its debut Sion to customers in 2022 after several delays, but it will now be delayed again. Sono Motors promises a range of 255 kilometers with the Sion, which costs from $30,600 (€25,500). With the help of solar cells integrated into the body, it should be possible to generate electricity for up to 34 kilometers a day.

Olivia McCall

Published

on

Munich-based electric car startup Sono Motors has published an update on the status of buying interest: 13,000 private customers have now made reservations for the upcoming Sion solar minivan, with an average down payment of $3,600 (€3,000). Even before the start of production, an order value totaling $333 million (€278 million) could be booked.

According to Sono Motors, the reservers of the Sion live mainly in Germany and the DACH region (Germany, Austria, Switzerland). However, the company said it is also seeing an increasing number of reservations from other countries such as Italy, Spain, Portugal, Finland and Mauritius. On an interactive map created by the Sono Motors fan community, the geographic distribution of some reservations can be viewed, he said.

“13,000 reservations is a clear sign for us and the entire automotive industry. The number underscores people’s need for resource-efficient and affordable mobility and gives us momentum to get the Sion on the road as soon as possible,” said Jona Christians, CEO and co-founder of Sono Motors

If you want to find more details about Sono Motors and its electric vehicle Sion that has already 13,000 private reservations, download for free the Born2Invest mobile app. Our companion app brings you the latest business news so you can stay informed.

The company originally planned to deliver the new Sion in 2022

Sono Motors had originally planned to start delivering its debut Sion to customers in 2022 after several delays, but it will now be delayed again. “After ramping up production in 2023 and increasing to maximum capacity within the same year, the company plans to produce 43,000 vehicles per year in 2-shift operation together with contract manufacturer NEVS,” the latest announcement reads. The total production volume is expected to be 257,000 vehicles over a seven-year period. The production facility will be the former SAAB plant in Trollhättan, Sweden, which is now operated by National Electric Vehicle Sweden (NEVS).

SEE ALSO  Here are the top tech trends so far in 2018

Sono Motors promises a range of 255 kilometers with the Sion, which costs from $30,600 (€25,500). With the help of solar cells integrated into the body, it should be possible to generate electricity for up to 34 kilometers a day. The company cites mobility services such as car-sharing and ride pooling as further highlights of the vehicle, which has been in development since 2016. “Powersharing” is also intended to turn the Sion into a mobile charging station for electric appliances and other e-vehicles.

The current state of the Sion was presented earlier this year with a new prototype. So far, Jona Christians and his two co-founders Laurin Hahn and Navina Pernsteiner, who are also still young, have largely financed the project via crowdfunding. According to its own statements, Sono Motors still needs at least 200 million euros for the start of series production. According to media reports, the capital needed for a successful market launch could soon be raised on the U.S. stock exchange.

__

(Featured image by geralt via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in ecomento.de, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.