Breakthrough

Sono Motors GmbH’s Insolvency Plan Confirmed by Court and Investor Deal Concluded - Seite 2

Pioneering solar in mobility to reduce costs and emissions

"We designed our new business model and corporate structure with a clear focus in mind: concentrating on our Solar Bus Kit while continuing to develop some of our other unique selling propositions, such as our “MCU” (Maximum Power Point Tracking Central Unit) – our highly-efficient solar power electronics," shared Jan Schiermeister and Denis Azhar in a joint statement. "We look forward to working with our strong, motivated and dedicated team, as well as with our customers and other partners, towards realizing our mission to put solar on every vehicle. We are thankful that our community voted in favor of the insolvency plan, thereby giving us another chance to work towards that vision.” Jan Schiermeister further stated: “With our Solar Bus Kit, we have a ready-to-market product that can reduce a bus’s energy consumption and, as a result, also its costs and CO2 emissions. This product can be retrofitted to almost any bus and, therefore, addresses a large potential market."

Denis Azhar added: "Sono Motors GmbH will continue to pioneer solar in mobility with the vision to enable a world without fossil fuels. Equipped with know-how and innovation from more than five years of research and development in the sector, our first products are market-ready. In addition, we believe that further standalone solutions and our intellectual property have the potential to create a flourishing business for the years to come."

First reseller contract signed

Sono Motors GmbH believes that its innovative assets position the company for future success and extend its market position in solar mobility. In furtherance of that goal, Sono Motors GmbH is pleased to announce that it recently signed an agreement with Nova-Papír Zrt, who will act as the company’s first reseller for the Solar Bus Kit, with an initial sales target of 81 Kits by the end of 2025. The company expects the reseller relationship with Nova-Papír Zrt to lead to market entry in Hungary and open up Eastern Europe as a promising potential market for the company’s solar technology. The company intends to sign additional agreements with resellers in different countries in the near future.