Frequently Asked Questions

Here we’ve put together the most important information regarding Sono Motors and the Sion.

At the moment we’re preparing the series production of the Sion, which is going to be a key phase of its technical development as many decisions will be taken. Please understand that we can only publish technical details once this phase is complete. Consequently, the information below relates to our prototypes. It’s our goal to put the first Sion on the streets by the end of 2019. You can catch up on the latest news in our newsletter – feel free to subscribe to it here.

Top Three

What is the Sion?

The Sion is the first mass-produced electric car that can charge its battery using solar power.

The car’s roof, hood and entire body are fitted with ultra-efficient, monocrystalline silicon cells protected by a layer of polycarbonate. We call this system viSono. Thanks to biSono – the bidirectional charging functionality – you can also share the energy stored in your Sion, for example to power electronic devices or even charge another electric car. An organic moss filter, called breSono, controls the humidity in the cabin and filters out particulate matter.

The Sion is a family-friendly all-rounder. Five doors, five seats (2+3), ISOFIX connectors and a generously sized trunk make for plenty of space. A powerful electric engine enables a maximum speed of 140 km/h. The optional tow bar means you can tow a load of at least 750 kilograms.

The Sion has a range of 250 kilometers (255 kilometers under the WLTP standard). The integrated rapid charging system means you can also cover longer distances trouble-free. With a charging capacity of up to 50 kW DC, you can charge the battery up to 80 percent in just 30 minutes. When you’re at home, you can charge the battery using a regular household socket. However, we do recommend installing a ‘wallbox’. You can find more information about the charging system under Charging.

How can I preorder a Sion?

You can preorder your Sion directly on our Web site. Simply select the down payment you want to make, save your personal details, and take your pick of five payment methods (PayPal, credit card, regular bank transfer, Giropay, or Sofortüberweisung instant transfer).

As soon as you’ve paid for your Sion, you’ll get a confirmation e-mail and a spot on the waiting list. Production is expected to commence toward the end of 2019. The amount of your down payment will not affect your position on the waiting list, as spots are given based purely on when the preorders are received.

Your preorder will be seen legally as a purchase option, which means that it is nonbinding. This also means that you’ll have another chance before delivery commences to decide whether to purchase the Sion and sign the contract or get a refund of your down payment.

How are you able to offer the Sion for €16,000?

We’re pursuing a single-product strategy with the Sion. We’re doing this so we can meet extremely high quality and safety standards while at the same time making logistics as efficient as possible. However, this also means that the Sion will, for the time being, only be available in one model.

In addition, we are putting an increased emphasis on carry-over parts already tested for safety and quality. This saves us time and unnecessary expense during development and production. In turn, we can instead use the car development process to concentrate on features that make the Sion stand apart from other vehicles. We pass these savings on to you through the price we charge.

Furthermore, the Sion doesn’t require a paint job due to the integration of solar cells. That means we can save on the expense associated with a costly, environmentally harmful paint shop during production. The Sion will cost €16,000 excluding battery. We’re planning to offer the battery at a one-time purchase price as well as with the option of renting or leasing it. The reason for excluding the battery from the price is that we want to always offer the most up-to-date price. We expect the price to be around €9,500. We will calculate the final price for the battery based on the market rates for battery cells at the time of production.

General

Sion

Will the prototype be the same as the car that comes out of series production?

Our prototypes are already similar to the end product in terms of design, construction and features. We will optimise the car concept on an ongoing basis during series development, which means that adjustments and even changes might occur.

Will a right-hand drive version be offered?

We’re not expecting to have a right-hand drive version of the Sion on offer during the initial production cycle. Depending on demand and the Sion’s success, we may potentially manufacture a right-hand drive model in the future.

How much does the Sion weigh?

The Sion will likely weigh 1.4 to 1.6 tonnes, including battery. We’ll announce the final details as soon as they become clear during our preparations for series production.

What’s the Sion’s maximum towing capacity?

The Sion’s maximum towing capacity will depend on its overall weight. Unfortunately, since the Sion isn’t yet in its final development phase, we can’t finally say what its capacity will be at the moment. However, we can tell you that it will be at least 750 kilograms.

What features will the Sion have?

We’re pursuing a single-product strategy with the Sion. That means we’re only offering one configuration at present. When it enters series production, however, you’ll be able to install a tow bar on the Sion. We’ll offer this as an aftersales accessory that you can attach yourself.

What colors will be available?

The Sion will only be offered in black, in keeping with our single-product strategy. We let the community take the decision on the car’s color a few months ago as part of an official community poll.

What’s the eCall function of the Sion?

Following the introduction of automatic emergency dialling (eCall) across all of Europe, every new vehicle in Europe must from 2018 onwards possess an integrated SIM card that is connected to the Internet and meets ECE homologation specifications. In the event of an accident, which we sincerely hope doesn’t occur, an emergency call will automatically be placed. The eCall is being implemented with the aim of significantly increasing the chances of survival of vehicle occupants who sustain major injuries.

The Sion uses this Internet connection to provide additional information (goSono app) and functionality (carSharing, rideSharing and powerSharing). It goes without saying that the protection of your personal data is just as important to us as it is to you.

Charging

What connections does the Sion have?

It’s easy to charge electric cars. For the Sion there are three methods to choose from, among the following plug types:

CCS plug: can be found at rapid charging stations for charging with up to 50 kW (DC).

Type 2 plug: can be found at all common charging stations for charging with up to 11 kW (AC) – series production target: 22 kW and output (bidirectional charging): 11 kW (AC).

Household plug (SchuKo): for charging with what we expect will be up to 3.7 kW (AC).

Which charging adapters will come included?

The Sion will come with a Type 2 plug and a CCS plug system. In addition, we expect that the Type 2 cable will be included for an additional fee. CCS charging cables are generally integrated into rapid charging stations.

What are the Sion’s charging times?

The time taken to charge depends on the method used. The three different methods for charging the Sion are:

1. Using a household plug (SchuKo): with this plug, the time taken to fully charge a completely empty battery to 100 percent can be up to 13 hours, depending on the capacity of the socket. Perfect for charging your Sion overnight.

2. At a charging station: this method takes 2.5 hours to provide an 80 percent charge and 3.5 hours for 100 percent. Charging stations such as these are highly common, especially in inner-city areas.

3. At a rapid charging station: here your Sion will be 80 percent charged in 30 minutes, though you’ll need to allow for another 30 minutes for a 100 percent charge. Nevertheless, an 80 percent charge provides 200 kilometers range, which is often enough to cover the distance to the next rapid charging station. Rapid charging stations are now also widespread and can be found at almost all motorway rest areas and transport hubs.

Can I charge my Sion using any household power socket?

Yes! Simply use the appropriate charging adapter to charge the Sion at any household power socket. However, we recommend you install a charging station (wallbox) to charge your car. This charging station adapts to the charging capacity of your electrical installation and tells your Sion the maximum current it can charge with.

Can I also charge my Sion with a Type 1 (SAE J1772) plug?

The Sion system supports the following plugs: CCS, Type 2 (EN 62196) and European household plugs (SchuKo). For you to charge your Sion with your existing SAE J1772 plug, you will need to purchase an adapter.

Interior

How large is the trunk?

The Sion comes featuring a big, family-friendly trunk with a volume of around 650 liters. The rear seats can be folded down to make for an even larger volume of around 1,250 liters.

Can the height of the driver’s seat be adjusted and is the car also comfortable for taller people to drive?

Yes, we expect that the driver’s seat will be able to be adjusted up and down as well as forwards and backwards. The car will be fitted out ergonomically in line with standards (95th percentile person) commonly used in the automotive industry.

Does the prototype feature the final seats?

Our prototypes are already similar to the final product in terms of design, construction and features. However, there will be adjustments (and changes) in various places as part of the vehicle’s final development. This process will see the interior and the car’s overall finish gain a visible boost when it comes to quality – this includes the seats.

How many child safety seats can be connected to the rear seats?

Appropriate connectors (ISOFIX) for child safety seats are planned. The number of child safety seats possible will then of course depend on the size of those seats.

Can the rear seats be folded down individually?

Yes, we expect that it’ll be possible to fold down each rear seat individually. We’ll make a final decision on this during the development stage for series production.

Will it be possible to install extra seats in the trunk?

The Sion will leave the factory as a five-seater. Unfortunately, it will not be possible to install extra seats.

Motor

What layout does the Sion have? Front-wheel drive or rear-wheel drive?

The Sion will be equipped with front-wheel drive.

Is there an all-wheel drive option?

Due to our single-product strategy, we are unfortunately not offering any optional layouts for the Sion at the moment. The car will be equipped with front-wheel drive.

Can I drive the Sion off-road? What is its ground clearance?

The Sion is, above all, an electric car designed for everyday, urban use. Even so, we’re planning to equip the car with a powerful 120 kW motor so that you’ll also be able to master steep inclines and uneven street surfaces with the Sion. We’ll communicate the final ground clearance during series production.

Battery

Can I install a battery larger than the 35 kWh battery? Will you offer larger batteries?

We’re pursuing a single-product strategy with the Sion. For this reason, we will only offer one battery capacity. The Sion will have a battery with a capacity of 35 kWh, giving you a range of 250 kilometers (255 kilometers under the WLTP standard) per charge.

What is the Sion's range?

The Sion will have a range of 250 kilometers (255 kilometers under the WLTP standard).

Will it be possible to integrate a range extender?

No, we presently don’t foresee an option like this.

Carbon offsetting

What are carbon dioxide (CO₂) emissions and what consequences do they have for climate change?

Heat radiation that is beamed from the sun to the earth is mostly absorbed by the earth’s surface. The rest of this heat is then radiated back from the earth. Greenhouse gases, such asCO₂, stop the heat radiated by the earth from being let out into space. This natural process is called the greenhouse effect.

CO₂ is created through human activity, for example through flights, driving cars, manufacturing or burning fossil fuels to produce energy.

The man-made increase in the concentration of greenhouse gases in the atmosphere strengthens the natural greenhouse effect, causing global warming. CO₂ plays a significant role as it makes up most of the greenhouse gas emissions caused by humans.

What does CO₂-offsetting mean?

CO₂-offsetting is an instrument to help protect the global climate: a given amount of CO₂-emissions emitted at one place in the world is prevented at another place, because in the end it is irrelevant for the planet’s atmosphere where on earth greenhouse gases are emitted, reduced or prevented. After mitigating and reducing CO₂-emissions, CO₂-offsets are an effective measure to counteract global warming.

How do CO₂-offsets work?

CO₂-offsets work by upgrading and expanding renewable energies and energy-efficient technologies in developing countries to reduce or prevent the emission of gases that affect the climate.

Individuals or businesses seeking to offset their emissions identify and record them, before obtaining ‘certified emission reduction’ (CER) certificates, by making an offset payment to carbon offset providers, climate protection projects or carbon credit dealers. One certificate represents a specific, quantifiable amount (usually one ton) of CO₂ that is saved somewhere. The advantage to this principle is that emissions are saved in the Global South – where it is most economic to do so. There have to be safeguards to check that emissions are reduced on a permanent basis and that the projects are only able to be brought to fruition through the additional funding received through the offset mechanism. That is, if those units or certificates weren’t sold, the projects would be unprofitable and therefore infeasible. The term used in the industry for this core criterion is the ‘additionality’ of the emission reductions.

What certifications and standards for climate protection projects are there?

Various standards are used to certify climate protection projects. They differ in the demands they place on the quality and environmental impact of the project and in local, social aspects. In order to register a climate protection project for certification, there must be scientific evidence of the project preventing CO₂-emissions. Independent bodies examine and certify this preventative effect.

There are further criteria relating to duration and social impact that must be fulfilled on top of those for climate protection benefits. High-quality climate protection projects are characterised by having positive effects for the local population of a project region.

Examples of this can include access to clean energy or improvements in household income or health. The most commonly used certification standards are the Verified Carbon Standard (VCS), Gold Standard and Clean Development Mechanism (CDM), the latter of which was developed by the United Nations (UN). The Gold Standard is seen worldwide as the most rigorous certification standard in regard to the requirements placed on what a project does. Gold Standard climate protection projects must ensure sustainable development in the project countries on top of additionality. The CDM, on the other hand, puts special emphasis on the quality and transparency of processes when registering and realising a climate protection project. The quality of what the project does and how it is organised is usually maximised in conjunction with the Gold Standard.

How is Sono Motors involved when it comes to climate protection?

In June 2017 we decided to offset all emissions emitted at all stages of the supply chain for the Sion manufacturing process. We’re currently busy identifying and recording these emissions systematically. The supply chain of course includes the production and assembly of components and the accompanying logistics, though we also have to consider the emissions from our office and those produced by our business travel. Once we have finished identifying the emissions, we’ll get straight to the final selection of climate protection projects for offsetting, in cooperation with a partner specialised in the area. Our aim is to select projects that satisfy the highest quality standards and generate the greatest possible added benefits for the local population. The community doesn’t have to bear any additional costs for this. In keeping with the way we see ourselves and our goal of protecting the climate, CO₂-offsets are already included in the Sion purchase price.

Innovations

viSono

What’s viSono?

The Sion is the first mass-produced car that can charge its battery using solar power. Integrated solar cells make it possible to use the Sion for multiple days at a time without having to recharge it. Our prototypes use a total of 330 SunPower cells to generate a maximum power of 1,204 watts with 24 percent efficiency. This energy can create additional electricity for up to 30 kilometers per day in Germany during the summer.

The viSono system means that you can drive the majority of your daily distance travelled using just the solar energy captured through the cells.

We use monocrystalline silicon cells for the solar modules. The modules are attached to a substructure, similar to how a normal windshield works. This means it’s also incredibly easy for you to swap out the modules.

Our top priority is to select the right material. The components we use need to meet these requirements: a service life of at least eight years, resistance to environmental influences such as UV radiation and water, sturdiness and low weight.

Normally, solar cells are laminated in glass 2 to 5 mm thick. Glass, however, is relatively heavy and isn’t very break-resistant.

viSono uses polycarbonate as a support material for this very reason. Polycarbonate is light, considerably more break-resistant than glass and has a transparency coefficient of 0.86 (whereas glass has 0.80 to 0.90). We of course want to offer you a suitable, efficient, sustainable solution in connection with the viSono system. As a result, there may be adjustments during our preparations for series production.

Does a solar panel have to be replaced after a minor crash?

If you experience a minor crash, you should first of all check to see whether and to what extent the cells in the affected panel are damaged. There’s a layer of polycarbonate that provides the solar cells underneath with the best possible protection against impact and damage such as scratches. Unlike glass, polycarbonate is shatterproof and makes our solar modules significantly more durable than traditional panels. Altogether, this means you should check the damaged module to see if it is still functioning and only replace it if it is genuinely in need of replacement.

Can the Sion be charged via the solar panels whilst driving?

Thanks to the integrated solar panels your Sion is able to charge up to 30 kilometers additionally per day in Germany through solar power alone under optimal conditions . In order to effectively use the hours of sunshine during the day, we are currently planning to enable charging via the viSono system whilst driving as well. For the time being, we cannot irrevocably confirm the feasibility of this function. Given that we are in the final phase of technical development, there may still be adjustments to some technical specifications of the Sion.

biSono

What’s biSono?

Bidirectional charging means that the Sion can share its stored electricity at any time in addition to receiving charge. As a result, the car can act as an energy storage device on wheels.

The bidirectional charging plug is located at the front beneath the hood, making it accessible from outside. To use the stored electricity, you can unlock the engine cover using your mobile phone or the infotainment system. It’s a clever way to protect this energy against potential theft.

It’s possible to draw energy from the Sion for any common electronic device (230 volts) with up to 3.7 kilowatts using an ordinary household plug. If that’s not enough, there’s more too. The rapid charging function means you can charge other electric cars with likely 11 kilowatts or operate high-voltage devices. These days, electricity is usually generated in many areas through two-stroke generators if there isn’t an electrical outlet nearby.

These generators are mostly inefficient and harmful for the environment. The Sion has the ability to replace generators used, for example, on construction sites, at events or in emergency situations. Mobile energy from an environmentally friendly source – that’s the idea behind viSono and biSono.

How long can the Sion supply electricity to my household for?

The Sion has a battery capacity of 35 kWh. Assuming that your household consumes 5 kWh per day, the Sion’s energy will be enough to power your household for 7 days.

Can the Sion supply electricity to my house or apartment?

Yes, technologically speaking, the Sion is already able to power a household thanks to the integrated biSono system. However, there are a few legal restrictions in this area which we don’t have any influence on. We’re currently taking care of the legal requirements for this.

breSono

What’s breSono?

Merely installing an artificial air filter in the Sion wasn’t enough for us, so we developed the breSono system. We’ve integrated moss into the dashboard and center console to complement the artificial air filter. Moss acts as a natural air filter, meaning that it continuously improves the interior air quality while having a positive influence on the car’s interior humidity. When testing the efficiency of the moss, we found that it filters up to 20 percent of particulate matter out of the air. You don’t even need to take any special care of it. Since the moss no longer has an enzymatic reaction when in this condition, it doesn’t have to be watered, fertilised, trimmed or exposed to sunlight. Whether it’s a hot summer day or the middle of winter, the moss in the Sion will remain how it is. The moss is also easy to replace during a regular filter change. We’ve tested the moss over a period of several years and couldn’t find any noticeable changes. Its colour stays highly consistent and retains its natural appearance throughout the years. Thanks to a special bleaching process, water is extracted and the microstructure that acts as a filter and controls humidity stays as is. This process also protects the moss against discolouration from external influences such as mould or bugs. In essence, breSono has the same properties as a sponge that controls humidity in that it either extracts it from the air or adds it to the air, depending on how moist the air is. If the air is dry, the moss provides extra moisture and its consistency becomes a little bit less soft.

Is the moss a living being and do I need to replace it?

No, the moss has been specially treated so that it’s no longer a living thing. Despite this, it still maintains its positive features for filtering out particulate matter and regulating humidity.

It works in connection with an ordinary air filter and should be replaced at the same time the filter is.

goSono

What’s goSono?

goSono combines three special features of the Sion: powerSharing, rideSharing and carSharing. This functionality allows you to offer other people electricity or a ride over the goSono app or simply rent out your car.

carSharing

It’s easy to share your Sion with other people thanks to the goSono app. Use it to decide how long you’d like to rent out your Sion for. Other app users will then be able to send you a request and, if you accept it, book your car and unlock it – something made possible through an innovative concept for getting into and out of the Sion. Once your car has been returned, the hire fee will be transferred directly to your bank account. You can calculate your income from carSharing here.

rideSharing

With the goSono app, you can offer to give other travellers a ride with your Sion. Simply enter where your journey is starting and your destination. You’ll then be able to offer other people a ride along this trip using the goSono app and specify an individual price for the ride. Other users can decide if they’re interested in your offer and want to send a request. Users are notified as soon as you accept their request and you’ll be able to pick them up. The agreed price will be transferred directly to your bank account once you reach your destination. So, whether you’re just commuting or heading to a different city entirely, share your trip, split the costs. You can calculate your income from this here.

powerSharing

Thanks to bidirectional charging technology (biSono technology), you can use your car as an independent charging station. With the goSono app, you can share your energy with others. If somebody requests access to the power outlet on your car, you can accept or reject that request using your app. Decide easily how much energy you’d like to share and at what price. Other app users will be able to see your offer and the exact location of your car. This function transforms your car into a mobile charging station, which you can even earn money with. You can calculate your income from this here.

reSono

What’s reSono?

reSono is the Sion’s aftersales service system. It guarantees inexpensive repairs and maintenance by using economical replacement parts. Individual replacement parts for the car will be available to order online at the click of a mouse.

An instructional video and catalogue to back it up will mean that you can install replacement parts in your car without needing much prior knowledge.

If you think it might be a bit too much, you can also simply head to the mechanic and have your Sion repaired there. Our workshop handbook will be available for anyone to view on our website, whether they’re a private individual or business owner. This will help establish an extensive network of independent mechanics, which in turn will guarantee you affordable repair work.

Furthermore, we’re intending to offer select CAD data online free of charge. You’ll be able to print it out for yourself with a 3D printer or at a CNC milling service. This also means that suppliers and manufacturers will be able to order and resell parts without having to purchase special authorisation from Sono Motors GmbH. As a result, spare parts for the Sion can be manufactured quickly and easily, leading to benefits for owners in the form of faster delivery times and lower prices. The only disadvantage to this is that we can’t offer the warranty that is otherwise normally offered by the manufacturer for original parts. In general, however, it’s highly important to us that our parts last a long time as we are genuinely aiming for sustainability.

Where and when can I get spare parts for the Sion?

There’ll be access to reSono on our website as soon as the car is in production and being delivered. You’ll be able to order any replacement part for the car then. For some parts, we’ll also show you alternatives – for example, other places that offer the part in question, which would be the case for normal threaded bolts. In these cases, we’ll tell you if you can also just buy these sorts of parts at your local hardware shop. This way you’ll save time and unnecessary expenses.

Payment / delivery

Preorders

How do I preorder the Sion?

During the first stage, you can preorder and make a down payment on a Sion. It comes with a two-week reflection period. In the second stage, Sono Motors will offer you a contract to purchase a Sion. Again, you’ll have a two-week reflection period, during which you can cancel the contract. Your Sion will be delivered free of charge to Bremerhaven. We expect that we ’will also be able to deliver elsewhere for a fee, if desired. You can preorder from anywhere in the world while deliveries will foreseeably be limited to Europe. Test drives will be offered a Sono Motors’ discretion.

What happens after I preorder?

After making a down payment you’ll automatically be included on the waiting list. Your spot on the list will be confirmed as soon as you have made this down payment. Your preorder is legally a purchase option. This means that you’ll receive a purchase offer for the Sion before delivery commences and you’ll have the option to either purchase the Sion and sign the purchase contract, or opt for a refund of your down payment.

Price

The price of €16,000 doesn’t include the battery. We’re planning to offer the battery at a one-time purchase price as well as with the option of renting or leasing it. The reason for excluding the battery from the price is that we want to always offer the most up-to-date price. We expect the price to be around €9,500. We will calculate the final price for the battery based on the market rates for battery cells at the time of production.

Can I cancel my purchase contract?

The following applies to all persons preordering the Sion: you’ll receive a purchase offer for the Sion before delivery commences and you’ll, again, have the option of either purchasing the Sion and signing the contract or opting for a refund of your down payment.

The rights provided under German law for terminating contracts still apply.

Does the Sion come with a warranty?

Germany’s regular statutory provisions for warranties apply. On top of that, Sono Motors is providing a warranty for the Sion of probably two years or 100,000 kilometers as well as a warranty for the battery of two years, 100,000 kilometers or 2,000 charge cycles.

Are there discounts for early adopters?

The first 5,000 preorders were a significant milestone in Sono Motors’ history, for which reason we gave these early adopters a discount. We reached this milestone on June 14 2018. To say thank you to our many fans who didn’t make it in time to preorder a Sion, we extended this discount until June 30 2018. Unfortunately, it’s no longer possible to get a discount on the Sion.

Delivery

Here’s how you’ll get your Sion

During the first stage, you can preorder and make a down payment on a Sion. It comes with a two-week reflection period. In the second stage, Sono Motors will offer you a contract to purchase a Sion. Again, you’ll have a two-week reflection period, during which you can cancel the contract. Initially, all cars will only be delivered to Bremerhaven – free of charge. There will likely be an option to have the Sion delivered to your chosen destination for an extra fee. You can preorder from anywhere in the world. Test drives will be offered at Sono Motors’ discretion.

Crowdinvesting

What is crowdinvesting?

Crowdfunding is a mechanism that enables broad groups of investors to fund startup companies and small businesses. Investors give money to a business and receive ownership of a small piece of that business, or alternatively a fixed interest rate. If the business succeeds, then the value of the company increases, and, hence, also the value of a share in that business. This type of financing enables investments of even small amounts but there are little restrictions to higher investments.

These transactions are closely regulated by the relevant financial authorities of the countries where these financial products are offered.

How does Crowdinvesting at Sono Motors work?

On a top level, Sono Motors’ crowdinvesting-campaign in 2018 is divided into two pillars: one for investors who want to contribute equity and one for investors who want to provide debt at a pre-defined interest rate. Details on the various crowdinvesting-campaign, can be found here and on the websites of the corresponding crowdinvesting-platforms.

What are the risks and opportunities of crowdinvesting?

In general, any investment opportunity allows you to participate of the success of Sono Motors. At the same time, every type of investment in Sono Motors carries considerable risks, which can lead to a total loss.

The goal of the campaign is to serve different preferences regarding the investment type:

More detailed information regarding the risks of the company and the risks associated with the investment can be found on the respective investment platforms.

Why does Sono Motors rely on Crowdinvesting?

Through crowdinvesting, Sono Motors allows her supporters to participate in the development of the business and become a part of the success-story. At the same time, investors contribute to the financial strength of Sono Motors. This symbiosis enables us to move ahead, faster and more reliably, with the normal steps of vehicle development of the Sion.

How do I purchase mediate shares of Sono Motors?

Crowdinvesting Seedrs

Via the crowdinvesting platform Seedrs, UK-investors can acquire a stake of the Sono Motors GmbH. If the business succeeds, then the value of the company increases, and, hence, also the value of a share in that business. At the same time, if the value decreases, the value of the share decreses as well. This can lead to a total loss of the investment.

In addition, Seedrs offers a regulated, private market for the commercialisation of shares. In this secondary market, participants can trade their shares. Hence, investors do not have to rely on future dividend payments, but can profit from capital gains from trading their assets. In the medium term, investors will also profit from dividend payments.

For the registration on Seedrs, participants must show a valid document and proof of address, i.e. post a picture or scan of these documents on the platform, during the registration process. Through this detailed registration process, the platform ensures that all participants trade honestly and in their own name. By so doing, the operators protects other participants from wrongful or illicit trading. More details can be found on the Seedrs platform.

CAV/Grüne Sachwerte

The asset manager CAV Partners and the ecological financial services provider “Grüne Sachwerte” have jointly launched a Special Fund for Electric Mobility. In this fund investors can mediately participate in Sono Motors under German law and with an investment volume of € 200,000 or more. Further details can be found on the website of CAV Partners.

What is Seedrs?

Seedrs is an crowdfunding platform that, amongst others, offers equity-investment in mainly start-up and growth companies. Located in the UK, Seedrs is the largest crowdinvesting plattform in Europe, exclusively for UK investors.

Via the Seedrs plattform. participants can invest as little as €35 into Sono Motors GmbH to acquire a mediate stake of the company. If the business succeeds, then the value of the company increases, and, hence, also the value of a share in that business. At the same time, if the value decreases, the value of the share decreses as well. This can lead to a total loss of the investment.

In addition, Seedrs offers a regulated, private market for the commercialisation of shares. In this secondary market, participants can trade their shares, at a profit. Hence, investors do not have to rely on future dividend payments, but can profit from capital gains from trading their assets. In the medium term, investors will also profit from dividend payments.

For the registration on Seedrs, participants must show a valid document and proof of address, i.e. post a picture or scan of these documents on the platform, during the registration process. Through this detailed registration process, the platform ensures that all participants trade honestly and in their own name. By so doing, the operators protects other participants from wrongful or illicit trading. More details can be found on the Seedrs platform.

Are the shares of Sono Motors publically tradeable?

No, the company is not listed in any regular stock exchange, i.e. a shareholding through Seedrs cannot be thought of as openly traded asset. However, Seedrs offers a regulated, private market for the commercialisation of shares. In this secondary market, participants can trade their relative shares. Please see the website for detailed information.

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