EU Commission Grants Funding to Organization for Solar Technology Advancements
Sono Group N.V. Secures Funding for Solar EV Development and SEAMLESS-PV Project
Sono Group N.V., a pioneering clean energy company specializing in solar energy solutions and electric vehicles, has announced significant developments in its mission to revolutionize mobility.
The Munich-based company has secured €1.46 million in funding from the European Climate, Infrastructure and Environment Executive Agency (CINEA) for its SEAMLESS-PV project. This project aims to develop automated photovoltaic manufacturing equipment and demonstrate the technology's cost-efficiency and compliance with market requirements. The project will run for four years, and Sono Group N.V. will provide its knowledge and expertise in vehicle integrated photovoltaics.
In addition, the funds from a recent campaign are intended to cover a large part of the investments up to pre-series production of the solar electric vehicle Sion in 2023. The company has already received the first installment of €532,441 during its ongoing #savesion campaign. Sono Group N.V. aims to achieve a target of about €100 m gross in new or increased reservation deposits, investments, or other sources of funding within the next few days.
However, it's important to note that readers should not place undue reliance on these statements. Forward-looking statements involve inherent known and unknown risks, uncertainties, and contingencies. These risks include the impact of the global COVID-19 pandemic on the global economy, Sono Group N.V.'s industry and markets, as well as the company's business. Other risks include the company's unproven ability to develop and produce vehicles, risks related to monetizing its solar technology, competition, the pace and depth of electric vehicle adoption, changes in regulatory requirements, governmental incentives, and fuel and energy prices.
Sono Group N.V.'s B2B solar business continues to generate revenue by integrating its proprietary solar technology into vehicles from other manufacturers. The company now has a total of 50 patents granted or filed, 42 of which are for the company's proprietary solar technology.
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While there are no relevant search results directly describing the SEAMLESS-PV project's current status, goals, or Sono Group N.V.'s role in it, based on general knowledge, SEAMLESS-PV is typically known as a European research and innovation initiative focused on developing sustainable, smart, and cost-effective photovoltaic (PV) technologies to accelerate the adoption of solar energy. Sono Group N.V.'s contribution to projects like SEAMLESS-PV would likely involve providing solar technology expertise, developing integrated PV solutions, or piloting innovative solar products that align with the project's goals.
As always, it's essential to verify information through dedicated sources such as official project websites or Sono Group N.V.’s corporate communications. The Company assumes no obligation to update any such forward-looking statements.
Note: This article is based on the information provided in the bullet points. For the most accurate and up-to-date information, please refer to official sources.
The SEAMLESS-PV project, undertaken by Sono Group N.V., aims to develop cost-efficient automated photovoltaic manufacturing equipment using its technology. The company has secured funding from CINEA for this project, which will run for four years and includes demonstrating the technology's compliance with market requirements.
Sono Group N.V., as part of its efforts to fund the pre-series production of the solar electric vehicle Sion in 2023, received €532,441 as the first installment during its #savesion campaign. The funds are intended to cover a large part of the investments needed for the production.
