The Munich-based solar mobility solutions provider Sono Group secured EUR 1.46M in funding from the European Climate, Infrastructure and Environment Executive Agency, CINEA, to advance the development of the Company’s proprietary solar technology. The SEAMLESS-PV project was granted by the EU Commission and aims, over the course of four years, to develop automated photovoltaic, PV, manufacturing equipment, address the industrialization of novel manufacturing processes, and demonstrate the technology’s cost-efficiency and compliance with market requirements and standardization frameworks in various sectors. Sono Motors will provide its knowledge and expertise in the field of vehicle integrated photovoltaics, ViPV, via application of this technology into three different vehicle architectures. Sono Motors received the first installment of EUR 532 thousand during its ongoing #savesion campaign. In the course of the campaign the Company has already received payment commitments from its Community and other sources worth approximately EUR 45 m.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SEV:
- Sono Motors Secures Funding From EU Commission Granted Project for Solar Technology
- Sono Motors Progresses Towards Pre-series With Solar EV
- Sono Motors Announces Progress on the Community Campaign
- Sono Group price target lowered to $4 from $7 at B. Riley
- Sono Motors price target lowered to $4 from $6 at Craig-Hallum