Nasdaq trading commencement for SEV Organization's initial public offering
**Sono Group N.V. Makes Strides in Solar-Powered Commercial Vehicles**
Sono Group N.V., a pioneer and technological leader in solar-powered electric mobility, is making significant strides in integrating solar technology into various types of commercial vehicles. The Dutch company's ambition is to revolutionise commercial transportation, aiming to achieve widespread commercial adoption of its solar-powered solutions to reduce CO2 emissions and offer affordable, practical alternatives to conventional fossil-fuel-reliant vehicles.
In a landmark moment, Sono Group recorded its first revenues from the commercialization of its solar technology in the first quarter of 2025. This milestone followed years of engineering, piloting, and rigorous testing to prove the technology's real-world effectiveness in collaboration with Original Equipment Manufacturers (OEMs) and fleet operators. The company reported a profit of €8.8 million in this period, signalling financial turnaround and growth potential in solar mobility solutions.
Sono's solar technology is designed to integrate seamlessly into various commercial vehicles, including electric cargo trucks, refrigerated trailers, buses, and vans. The company recently completed a pioneering installation of a low-voltage solar solution on a fully electric cargo box truck, enabling direct charging of the truck’s onboard 24V battery from solar panels mounted on the cargo box roof. They also finalized installations on refrigeration trailers with a 48V solar charge controller, powering refrigeration units to reduce reliance on diesel and grid electricity.
Sono offers various solar solutions, including low-voltage and high-voltage solar charge controllers that can directly charge traction batteries in electric commercial vehicles operating at voltages between 400V to 800V. Their product lineup includes the Solar Truck and Van Kit and solar integration packages specifically designed for refrigerated transport, significantly cutting fuel consumption and emissions in logistics operations.
At events such as Transport Logistic 2025 in Munich, Sono showcased its solar mobility innovations to fleet operators, OEMs, and logistics providers, drawing strong interest and numerous business leads. These interactions reinforce the market’s growing acceptance and demand for sustainable and cost-effective solar-powered transportation solutions.
The integration of Sono Group's solar technology aims to extend range, reduce fuel costs, and decrease CO2 emissions, promoting climate-friendly mobility. The company's disruptive technology can be integrated into a variety of vehicle architectures, including third-party OEM cars, buses, refrigerated vehicles, and recreational vehicles.
Sono Group N.V.'s stock is traded under the symbol "SEV" on the Nasdaq Global Market, and the company's leadership team rang the Nasdaq Opening Bell on November 18, 2021. For investor inquiries, contact information is available on the company's website. For media inquiries, contact details can be found on the website as well.
It is important to note that Sono Group N.V.'s press release may contain forward-looking statements. The company does not guarantee to update its forward-looking statements. Copies of the registration statement for the securities offered by Sono Group N.V. can be accessed on the SEC website at www.sec.gov. These forward-looking statements are subject to risks, uncertainties, and contingencies that may cause actual results to differ from the expectations.
In addition, Sono Group N.V.'s solar electric vehicle, the Sion, aims to blend solar technology with affordability for global sustainability. The company's stock is traded under the symbol "SEVCF" on the OTCQB. Craig-Hallum will act as co-manager for the proposed offering by Sono Group N.V., and Berenberg is acting as sole global coordinator for the same.
Sono Group N.V.'s mission is to incorporate solar technology into every vehicle, positioning them as leaders in solar mobility for commercial fleet electrification and energy savings.
In the pursuit of solar mobility solutions, Sono Group N.V.'s ambition extends beyond solar-powered commercial vehicles, as they aims to integrate technology from the realm of finance and business, aiming to make solar mobility a profitable, practical, and viable alternative in the transportation industry. Furthermore, the company's innovative high- and low-voltage solar charge controllers are not limited to specific types of commercial vehicles, but are designed to accommodate a diverse range of business needs, from electric cargo trucks and buses to refrigerated trailers and vans.
