Sono Motors Extends #savesion Campaign as Talks with Potential Investors Progress

MUNICH, Germany – Munich-based solar mobility solutions provider, Sono Motors, announced the extension of its #savesion campaign as talks with potential investors continue to progress. The company’s plan to send a clear signal to both the market and investors through growing reservations, payment commitments, and additional sources of almost €50 million appears to be working, according to Sono Motors CEO, Laurin Hahn.

“We are in ongoing talks with potential investors and believe that the campaign’s extension positions us to reach our target of approximately €100 million and proceed with the Sion program. The engagement of thousands of Community members has proven the market demand for the Sion once again,” said Hahn.

As of today, Sion reservations, which total more than 44,000, include ~21,000 private reservations with deposit, over 1,500 new private reservations with deposit commitment made to date during the course of the campaign, and ~22,000 non-binding B2B pre-orders. These reservations and pre-orders are potentially equivalent to a net sales volume of about €1 billion, assuming that all result in sales.

The ongoing #savesion campaign underscores the uniqueness of Sono Motors as a true community brand. “Every single day invested in the future is worthwhile and that is why we made the decision to extend the campaign,” said Jona Christians, co-founder and CEO of Sono Motors.

The campaign began on December 8, 2022, and will now be prolonged for a month until February 28, 2023, in line with the framework of the terms and conditions.

In addition to the campaign, Sono Motors also recently secured €1.46 million in funding from the European Climate, Infrastructure and Environment Executive Agency (CINEA) to advance the development of the company’s proprietary solar technology. The company has also significantly progressed in the testing and series-validation program of the Sion, with plans to start pre-series production in the summer of 2023. Crash tests for the vehicle began in Italy this week.


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