Sono Motors has launched a new fundraising campaign which, if successful, success, it will allow to save the project of Zion, that is; of their car that also recharges thanks to the energy of the Sun which we have talked about several times in the past. Otherwise, the car may never hit the road. However, this would not mean the end of society; why? Sono Motors would go to concentrate its activities on the international market. about its solar technology to offer to other companies.
The production of the Sion, entrusted to Valmet Automotive in Finland, should have started in the second half of the year. of 2023. But now, the program is over. blocked for financial reasons. The company explains that this situation is a problem. mainly due to the global economic situation.
The financial markets have taken a negative downturn, with many companies – technology companies that have lost more than 90% of their market capitalization and the shares of companies that have lost more than 90% of their market capitalization. mobility technologies; have been particularly affected. As a result, equity funding of our Zion program is a great deal. has become more and more; demanding. Fundraising takes much more than that. time than expected, since we have not been able to explain to investors why the Sion has the potential to become the world's first affordable solar electric vehicle and that's what it is. a huge demand for it.
The two founders of Sono Motors have therefore launched an appeal to save their project, promoting the “Save Sion” fundraising campaign. Therefore, before giving up, the company turns once again to its community to try to obtain the liquidity of the company. necessary to put the car into production.
So, the goal is that of arriving at obtaining a further 3,500 bookingsof the electric car within 50 days. Who will join? in this campaign will get the; a discount of up to 3,000 euros (depending on the deposit paid, you could potentially pay for the entire car immediately). Payment must be take place only if the fundraising campaign will have success. In addition, campaign supporters will receive a fixed place on the vehicle waiting list.
The company announces that up to now it has collected over 21,000 private bookings which correspond to approximately 465 million euros in potential revenue, in addition to the 22,000 B2B pre-orders for a potential value of almost 600 million euros.< /p>
If it fails, to save the Zion, as mentioned at the beginning, Sono Motors will focus on in developing its solar technology to sell to other companies. An industry that would already be in business giving interesting results so much that the company's investors are pushing so that move in this direction.
NOT ? THE FIRST TIME 
Who has followed the history of this company , he will remember; which is not the first time that Sono Motors asks for help from its community to be able to carry on its project. In December 2019, the company launched a Community Funding campaign to keep moving forward. The community responded positively, funding the activities of the community. of the company with 50 million euros. Financing that allowed the company to go ahead.
We'll see if this time the Sono Motors community will save the company. the project of Zion. Currently, of the 3,500 new bookings requested, 79 have arrived.
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