Sono Group N.V.’s CEO Shareholder Update
Sono Group N.V. (SEVCD) has released a shareholder update highlighting its achievements in 2024 and plans for 2025. The company made significant progress in solar mobility solutions, securing strategic partnerships and expanding its product portfolio with solar kits for commercial vehicles. Key accomplishments include partnering with Hofmeister & Meincke for distribution across 27 countries, becoming the first company in Germany to receive national approval for vehicle-integrated solar technology, and winning the Lorenzo Cagnoni Award for Green Innovation.
For 2025, Sono projects revenue distribution of 60% from Solar Bus Kits, 20% from Solar Kits for trucks and vans, and 20% from Refrigeration Trailer Kits. The company plans to expand into North and South America and is working towards a Nasdaq Capital Markets uplisting.
Sono Group N.V. (SEVCD) ha pubblicato un aggiornamento per gli azionisti evidenziando i suoi successi del 2024 e i piani per il 2025. L'azienda ha fatto notevoli progressi nelle soluzioni di mobilità solare, assicurandosi partnership strategiche e ampliando il suo portafoglio prodotti con kit solari per veicoli commerciali. Tra i risultati chiave ci sono la collaborazione con Hofmeister & Meincke per la distribuzione in 27 paesi, essendo la prima azienda in Germania a ricevere approvazione nazionale per la tecnologia solare integrata nei veicoli, e vincere il Premio Lorenzo Cagnoni per l'Innovazione Verde.
Per il 2025, Sono prevede una distribuzione dei ricavi del 60% dai Solar Bus Kits, 20% dai Solar Kits per camion e furgoni, e 20% dai Refrigeration Trailer Kits. L'azienda pianifica di espandersi in Nord e Sud America e sta lavorando per un uplisting nel Nasdaq Capital Markets.
Sono Group N.V. (SEVCD) ha publicado una actualización para los accionistas destacando sus logros en 2024 y sus planes para 2025. La compañía ha logrado avances significativos en soluciones de movilidad solar, asegurando asociaciones estratégicas y ampliando su cartera de productos con kits solares para vehículos comerciales. Los logros clave incluyen la colaboración con Hofmeister & Meincke para la distribución en 27 países, convirtiéndose en la primera empresa en Alemania en recibir la aprobación nacional para la tecnología solar integrada en vehículos, y ganando el Premio Lorenzo Cagnoni por Innovación Verde.
Para 2025, Sono proyecta una distribución de ingresos del 60% de los Solar Bus Kits, 20% de los Solar Kits para camiones y furgonetas, y 20% de los Refrigeration Trailer Kits. La empresa planea expandirse en América del Norte y del Sur y está trabajando para una inclusión en Nasdaq Capital Markets.
소노 그룹 N.V. (SEVCD)가 2024년 성과와 2025년 계획을 강조하는 주주 업데이트를 발표했습니다. 이 회사는 태양광 이동 수단 솔루션에서 상당한 발전을 이루었으며, 전략적 파트너십을 확보하고 상업용 차량을 위한 태양광 키트를 통해 제품 포트폴리오를 확장하고 있습니다. 주요 성과로는 27개국에서의 유통을 위해 Hofmeister & Meincke와 파트너십을 체결하고, 독일에서 차량 통합 태양광 기술에 대한 국가 승인을 받은 첫 번째 회사가 되었으며, 친환경 혁신에 대한 Lorenzo Cagnoni 상을 수상한 것이 포함됩니다.
2025년을 위해 소노는 60%를 태양광 버스 키트, 20%를 트럭 및 밴용 태양광 키트, 20%를 냉동 트레일러 키트로 수익을 분배할 것으로 예상하고 있습니다. 이 회사는 북미 및 남미로의 확장을 계획하고 있으며, Nasdaq 자본 시장으로의 상장을 위해 노력하고 있습니다.
Sono Group N.V. (SEVCD) a publié une mise à jour destinée aux actionnaires mettant en avant ses réalisations en 2024 et ses projets pour 2025. L'entreprise a réalisé des progrès significatifs dans les solutions de mobilité solaire, assurant des partenariats stratégiques et élargissant son portefeuille de produits avec des kits solaires pour véhicules commerciaux. Parmi les réalisations majeures, on note le partenariat avec Hofmeister & Meincke pour la distribution dans 27 pays, devenant la première entreprise en Allemagne à recevoir l'approbation nationale pour la technologie solaire intégrée dans les véhicules, et avoir remporté le Prix Lorenzo Cagnoni pour l'innovation verte.
Pour 2025, Sono projette une répartition des revenus de 60 % provenant des Solar Bus Kits, 20 % provenant des Solar Kits pour camions et fourgonnettes, et 20 % provenant des Refrigeration Trailer Kits. L'entreprise prévoit de s'étendre en Amérique du Nord et du Sud et travaille à une cotation sur le marché Nasdaq.
Sono Group N.V. (SEVCD) hat ein Aktionärsupdate veröffentlicht, das die Erfolge im Jahr 2024 und die Pläne für 2025 hervorhebt. Das Unternehmen hat erhebliche Fortschritte in den Lösungen zur solarbetriebenen Mobilität erzielt, strategische Partnerschaften gesichert und sein Produktportfolio mit Solarkits für Nutzfahrzeuge erweitert. Zu den wichtigsten Erfolgen gehört die Partnerschaft mit Hofmeister & Meincke zur Distribution in 27 Ländern, die erstmalige Genehmigung nationaler Stellen in Deutschland für die fahrzeugintegrierte Solartechnologie und der Gewinn des Lorenzo Cagnoni Preises für grüne Innovation.
Für 2025 prognostiziert Sono eine Umsatzverteilung von 60 % aus Solar Bus Kits, 20 % aus Solar Kits für Lkw und Transporter sowie 20 % aus Kühllastwagenkits. Das Unternehmen plant, in Nord- und Südamerika zu expandieren und arbeitet an einer Notierung an den Nasdaq Capital Markets.
- First company in Germany to receive national approval for vehicle-integrated solar technology
- Strategic partnership with Hofmeister & Meincke expanding distribution to 27 countries
- Diversified revenue streams across three product segments
- Progress towards Nasdaq Capital Markets uplisting
- None.
Building Momentum for 2025: Expanding Reach and Entering New Markets
Munich, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. (OTCQB: SEVCD) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”) today issued a shareholder update from George O'Leary, Managing Director and Chief Executive Officer.
Dear Shareholders,
With 2024, behind us, I am both proud and optimistic about the strides we’ve made and the opportunities that lie ahead. Over the past year, Sono Group has undergone a transformative journey, focusing on strengthening relationships, innovating new solar solutions, and solidifying our position as a leader in solar mobility.
This year, our priorities included rebuilding trust with our customers, forming strategic partnerships, delivering cutting-edge solar kits, and completing key prototypes. These efforts have led to the successful launch of solutions such as our Solar Kits for trucks, vans, and refrigerated trailers, as well as new variants of our flagship Solar Bus Kit.
Transparency, compliance, and shareholder engagement have been at the forefront of our efforts, helping to establish a strong foundation for future growth. These achievements defined 2024 and fuel our optimism for the year ahead.
Key Milestones in 2024
- Strategic Partnerships: We expanded our reach through a partnership with Hofmeister & Meincke, leveraging their extensive distribution network across Germany, Austria, and 25 other countries.
- Enhanced Product Portfolio: We introduced tailored solar solutions for trucks, vans, and refrigerated trailers while advancing variants of our Solar Bus Kit. These innovations position us as a leader in solar retrofitting for commercial vehicles.
- Industry Recognition: In November 2024, Sono Group received the prestigious Lorenzo Cagnoni Award for Green Innovation at the IBE Intermobility and Bus Expo in Rimini, Italy. This award underscores our commitment to sustainable innovation in the transportation sector.
- Regulatory Milestone: Sono became the first company in Germany to receive national approval for vehicle-integrated solar technology from the German Federal Motor Transport Authority (KBA). This approval underscores the reliability, safety, and quality of our solutions, reinforcing our leadership in solar mobility.
Looking Ahead to 2025
We approach 2025 with a clear vision and ambitious objectives:
- Driving Sales Growth: We project revenue distribution as follows:
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- Expanding Global Reach: By forming new partnerships and collaborations, we aim to expand our footprint in North and South America, bringing solar mobility solutions to a broader global audience.
- Nasdaq Uplisting: We remain focused on fulfilling the requirements for our Nasdaq Capital Markets uplisting. This milestone represents an exciting opportunity to enhance transparency and improve accessibility for investors. We will keep you informed as we continue to make progress and meet all the necessary criteria.
Our Vision for the Future
At Sono Group, we believe in solar on every commercial vehicle. Solar technology serves as the bridge between conventional vehicles of today and the electric vehicles of tomorrow. By harnessing the power of the sun, we are not only helping our customers reduce costs and emissions but also making transportation more sustainable.
Thank you for your continued trust and support. Together, we are shaping the future of solar mobility and creating a meaningful impact on the world.
Sincerely,
George O'Leary
Managing Director and Chief Executive Officer
Sono Group N.V.
END
ABOUT SONO GROUP N.V.
Sono Group N.V. (OTCQB: SEVCD) and its wholly owned subsidiary Sono Motors GmbH are on a pioneering mission to accelerate the revolution of mobility by making every commercial vehicle solar. Our disruptive solar technology has been developed to enable seamless integration into all types of commercial vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility. For more information about Sono Group N.V., Sono Motors, and their solar solutions, visit sonogroupnv.com and sonomotors.com.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. The words "expect", "anticipate", "intend", "plan", "estimate", "aim", "forecast", "project", "target", “will” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs, or current expectations of the Company and Sono Motors (together, the “companies”). Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and could cause the companies’ actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks, uncertainties and assumptions with respect to: the Company’s ability to uplist to the Nasdaq Capital Market, including meeting the initial listing requirements; the Company’s ability to satisfy the conditions precedent set forth in its recent securities purchase agreement (“Securities Purchase Agreement”) and exchange agreement (“Exchange Agreement”) entered into with YA II PN, Ltd. (“Yorkville”); the timing of closing the transactions contemplated by the Securities Purchase Agreement and the Exchange Agreement; the impact of the transactions contemplated by the Exchange Agreement and Securities Purchase Agreement on the Company’s operating results; the ability to access the unfunded portion of the investment from Yorkville, including our ability to successfully comply with the agreements related thereto and the absence of any termination event or any event of default; our ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties in light of the performance and credit risks associated with our constrained liquidity position and capital structure; our ability to comply with OTCQB continuing standards; our ability to achieve our stated goals; our strategies, plan, objectives and goals, including, among others, the successful implementation and management of the pivot of our business to exclusively retrofitting and integrating our solar technology onto third party vehicles; our ability to raise the additional funding required beyond the investment from Yorkville to further develop and commercialize our solar technology and business as well as to continue as a going concern. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to our filings with the U.S. Securities and Exchange Commission (“SEC”), including our Annual Report on Form 20-F, which are accessible on the SEC’s website at www.sec.gov and on our website at ir.sonomotors.com. Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as the actions of courts, regulatory authorities and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, the Company assumes no obligation to update any such forward-looking statements.
CONTACT
Press: press@sonomotors.com | ir.sonomotors.com/news-events
Investors: ir@sonomotors.com | ir.sonomotors.com
LinkedIn: https://www.linkedin.com/company/sonogroupnv
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