German based manufacturer of electric vehicles which charges the car battery using integrated solar cells Sono Motors has filed for a United States initial public offering (IPO). The company made this filing late last weeks as it seeks to tap into investor demand and the global push for a paradigm shift to greener means of transport.
Insider sources from the company who declined being revealed, have disclosed that the company is considering to get listed on the US stock markets a listing which will leave the company sitting on a market valuation of over $1 billion.
The company is developing Sion, a fully electric car with solar cells integrated into its bodywork, the car has a range of up to 189.52 miles (305 kilometers) and it can be charged both via power outlets or solar power.
In the regulatory filing, Sono Motors says that it’s looking forward to deliver its first batch of cars in the market in the first six months of 2023.
The company further says it plans to license and sell its solar technology to manufacturer of trains, buses, camper vans and even boats.