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Sono Group Priced, Nasdaq: SEV

Germany-based developer of solar powered vehicles.

Industry: Consumer Discretionary

Latest Trade: $0.06 -0.15 (-71.0%)

First Day Return: +154.7%

Return from IPO: -98.6%

Industry: Consumer Discretionary

We believe we are a pioneer and technological leader in the field of solar-powered electric mobility. We are in the process of developing and commercializing a disruptive solar technology that would allow every vehicle to benefit from solar power. We intend to use this technology to create our solar and battery powered vehicle that we call the Sion. In parallel, we are in the process of starting to license and sell our proprietary solar technology to other manufacturers for different use cases, such as buses, trucks, camper vans, trains and even boats, in order to accelerate the transition towards sustainable transportation. We intend to generate revenues from the sale of our vehicles and, in the first production cycle, from emission certificate pooling as well as from the monetization of our proprietary solar technology. Our disruptive solar technology allows for full solar integration. In the process of developing the Sion, we soon realized that the available solar technology was not well-suited for mobility applications. Traditional solar technology relies on glass to cover the solar cells. Glass is, however, heavy, not sufficiently flexible, expensive and dangerous in crash situations. Our polymer technology solves these issues. It is lightweight, allows for flexible surface integration via our patented injection molding process, is affordable due to fast and lean production and avoids/eliminates the risk of bodily harm caused by broken glass.
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IPO Data
IPO File Date 10/22/2021
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 10.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/16/2021
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 10.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Berenberg
Craig-Hallum Capital Group
Company Data
Headquarters Munich, Germany
Founded 2016
Employees at IPO 230
Website www.sonomotors.com

Sono Group (SEV) Performance