Torsten Kiedel, start-up experienced CFO, joins the management of Sono Motors
Munich, March 12, 2020 – German mobility provider Sono Motors has appointed Torsten Kiedel to the company's management board with immediate effect. In his function as Chief Financial Officer (CFO), the 41-year-old Business Master graduate will secure the company's financing in the future and make a key contribution to strategically positioning Sono Motors for its market entry and growth in the coming years. Torsten Kiedel looks back on more than 15 years of management experience, including in the areas of corporate finance, risk management and controlling. In addition to corporate experience in various finance departments at BMW, including three years at BMW Bank in the USA, with him he brings to Sono Motors seven years of start-up experience from management positions in the agile growth environment of companies such as mytaxi (now known as Free Now) and Flixbus. In his previous position as CFO of Occhio, he was responsible for finance and purchasing.
"Unfortunately, the financing environment and the lack of venture capital for start-ups is still a challenge in Germany. After the completion of one of the most successful Community Funding Campaigns in Europe, the challenge now is to secure through financing until the start of production of the Sion and thus create financial sustainability as quickly as possible," says Laurin Hahn, CEO and one of the founders of Sono Motors. "We are very pleased to have Torsten onboard in this decisive phase who is an extremely experienced colleague and financing expert and is as enthusiastic and engaged with climate-friendly mobility as we are," adds Laurin Hahn.
Following the new addition, the Sono Motors management board will henceforth consist of the founders and CEOs Laurin Hahn and Jona Christians as well as
Torsten Kiedel (CFO), Isa Krupka (CMO), Thomas Hausch (COO) and Roberto Diesel (CTO).
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Sono Motors is on a mission of enabling a mobility system, where every electric vehicle is solar, shared and independent from fossil-fuels. Today, an experienced specialist team is developing a forward-looking electric car that is suitable for daily use, with integrated solar cells and innovative mobility services, the Sion. Both, the integrated solar technology as well as the mobility services enable users to access clean mobility, harnessing solar energy and reducing CO2 impacts.
Sono Motors was founded in 2016, has been continuously growing since then and currently counts more than one hundred employees. The team combines international young talents and industry veterans, including former employees from BMW, Nissan, Chrysler, Daimler, FlixBus and myTaxi. Since its foundation, the company has raised more than € 50M through reservations and funding. The company released its first generation car prototype to the public in 2017. To date, more than 12,400 people have reserved and partially paid for the vehicle. In 2018, Sono Motors was recognised as a Solar Impulse Efficient Solution by the Solar Impulse Foundation. In January of 2020, Sono Motors successfully closed one of the biggest Community Crowdfunding Campaigns in Europe.
The first model is planned to enter production in 2022. The Sion is expected to have the lowest TCO (total cost of ownership) in its category at the time of production.