European Union Commision awards funding to our organization for the development of solar technology
Sono Group N.V. Secures Funding for SEAMLESS-PV Project and Expands Solar Technology in Vehicles
In a recent development, Sono Group N.V., the Munich-based solar mobility solutions provider, has announced that it has secured €1.46 million in funding from the European Climate, Infrastructure and Environment Executive Agency (CINEA) for the development of its proprietary solar technology.
The funding is part of the SEAMLESS-PV project, a European Union initiative aimed at developing advanced, flexible, and highly integrable photovoltaic technologies. The project also focuses on creating new training models and cross-sector collaborations to make these technologies more accessible and competitive on the construction market.
Sono Group N.V.'s mission is to accelerate the revolution of mobility by making every vehicle solar. The company's disruptive solar technology is engineered to be seamlessly integrated into a variety of vehicle architectures. The funds received will be strictly used only for SEAMLESS-PV project activities as agreed with the project partners and the European Commission and won't be used in any other activities.
The SEAMLESS-PV project also aims to develop automated photovoltaic manufacturing equipment and demonstrate the technology's cost-efficiency and compliance with market requirements. Sono Group N.V. will provide its knowledge and expertise in the field of vehicle integrated photovoltaics (ViPV) via application of this technology into three different vehicle architectures.
This is not the first time Sono Group N.V. has received funding for its solar technology. The company has already received payment commitments from its Community and other sources worth approximately €45 m. Sono Group's B2B solar business continues to generate revenue, with the proprietary solar technology being integrated into vehicles from other manufacturers such as buses, trailers, trucks, and camper vans.
In addition to the SEAMLESS-PV project, Sono Group N.V. is also involved in other initiatives aimed at promoting solar technology. During its ongoing #savesion campaign, the organization received the first installment of €532,441 from CINEA. The company's total number of patents now stands at 50, with 42 of them being for the Company's proprietary solar technology.
However, readers should note that these statements are forward-looking and involve inherent known and unknown risks, uncertainties, and contingencies. The company encourages readers not to place undue reliance on these statements. For additional information concerning some of the risks, uncertainties and assumptions that could affect the company's forward-looking statements, please refer to the company's filings with the U.S. Securities and Exchange Commission.
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In conclusion, Sono Group N.V.'s involvement in the SEAMLESS-PV project underscores its commitment to advancing solar technology and making it a viable and integral part of the automotive industry. The company's proprietary solar technology is already being integrated into vehicles from other manufacturers, and with the funding from CINEA, it is likely that Sono Group will continue to develop and innovate in this field.
Technology plays a crucial role in Sono Group N.V.'s mission to revolutionize mobility by integrating solar technology into various vehicle architectures. With the recent funding from CINEA for the SEAMLESS-PV project, the company aims to further advance and make its proprietary solar technology more accessible and competitive in the construction market.
