# Sono Motors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sono-motors

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Munich, Germany
- Website: www.sonomotors.com
- Total disclosed funding: $55M
- Latest round: Series C (Dec 12, 2020)
- Investors on record: 9

## About

Based in Munich, Germany, and founded in 2016 by Jona Christians, Laurin Hahn, and Navina Pernsteinerr, Sono Motors GmbH develops Sion, an electric car integrated with solar cells. In December 2020, Sono Motors GmbH raised EUR 45 million in a Series C funding co-led by DNCA Investments and Swedbank Robur, with participation from Bollinger Investment Group, ELFH Holding, Felunic Vermögensverwaltung KG, Headline, Pario Ventures, Seedrs, and Seedrs. In November 2021, Sono Motors GmbH raised USD 150 million in an IPO, selling 10 million shares at USD 15 per share on the Nasdaq under the ticker symbol SEV. Jona Christians and Laurin Hahn are the co-CEOs of Sono Motors GmbH.

Sono Motors GmbH is developing a solar electric vehicle (SEV), the Sion, for the masses. The company has integrated 248 solar cells into the body of the car that can run up to 245 km per week. Sion takes approximately 35 minutes to charge the battery up to 80%, which can be recharged at any public charging station in Europe through a regular home power socket or from another Sion. In addition, Sono Motors also provides a mobile application for car sharing, ride pooling, and power-sharing. As of November 2021, the company has received 16,525 reservations for the Sion.

The company generates revenue by selling its car, Sion, at EUR 28,500. 

Sono Motors GmbH plans to manufacture 257,000 Sion and start deliveries to begin in the first half of 2023.

## Funding rounds

- Series C, Dec 12, 2020, $55M — Swedbank Robur, Headline, DNCA Investments, ELFH Holding, WI Ventures, Republic, Felunic Vermogensverwaltung, Pario Ventures, Bollinger

## Investors

- Swedbank Robur — Series C
- Headline (https://capitalatlas.ai/funds/headline) — Series C
- DNCA Investments — Series C
- ELFH Holding — Series C
- WI Ventures — Series C
- Republic — Series C
- Felunic Vermogensverwaltung (https://capitalatlas.ai/funds/felunic-vermogensverwaltung) — Series C
- Pario Ventures (https://capitalatlas.ai/funds/pario-ventures) — Series C
- Bollinger (https://capitalatlas.ai/funds/bollinger) — Series C