IPO - Profile

SONO Group N.V.

Capital Goods > Auto Manufacturing

SEV

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$15.00 10,000,000 Positive High 543.83%

Offering Team

  • Legal counsel
  • Sullivan & Cromwell LLP
  • Auditors
  • PricewaterhouseCoopers GmbH Wirtschaftspr?fungsgesellschaft

Deal Highlights

We envision a world without burning fossil fuels. Our mission is: “Solar on Every Vehicle.” Our business was founded on a shared passion for finding a solution to climate-friendly, innovative and yet affordable mobility. The goal was to develop a solar-powered, family-sized car for the mass market. To realize this goal, our founders assembled an experienced team of engineers, designers, technicians, and industry experts who spent years developing a solar technology suited for mobility applications. We developed and tested several prototypes to advance and refine our technology and enlisted driver feedback to create a design that would be simultaneously functional, convenient to operate, environmentally sustainable, and affordable. From this process the Sion and our proprietary solar technology were born. The Sion is a solar electric vehicle, designed with a view to be accessible to everyday consumers and to be shared. Our technology allows us to integrate solar panels into the Sion’s bodywork to capture energy from the sun and store it in the Sion’s on-board battery. We believe the Sion unlocks the potential of solar energy in a car and advances our goal of providing a net-zero-emission vehicle solution for the mass market. We seek to license and sell our proprietary solar technology to a wide array of customers such as manufacturers of buses, trucks, camper vans, trains and even boats, in order to accelerate the transition towards sustainable transport and in order to have a second independent revenue stream.

Deal Tracker

IPO Dates

Filing 16 Nov, 2021

Offer 17 Nov, 2021

Look Ahead

Lock Up Expiry May 17, 2022

IPO Terms

Offer Price $15.00
Offer Size 10M

Market Sentiments

Stock Price