Connect with us

Published

on

SEV automaker Sono Motors announced it has publicly filed a registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO). If the IPO is approved, Sono Motors intends to list on the Nasdaq Global Market under ticker symbol “SEV.”

Sono Motors is a German automaker founded in 2016 with the goal of creating innovative mobility services without any dependency on fossil fuels. The company specializes in Solar Electric Vehicles (SEVs) that function the same as traditional BEVs, but with the ability to garner additional charge from the sun.

Sono Motors is working toward scaled production of its flagship SEV, the Sion. By integrating proprietary solar panels into the Sion’s exterior, the SEV is able to garner an additional 70-150 miles of range a week from the sun alone.

This past June, we reported that Sono Motors had upgraded the battery on its upcoming Sion from 35 kWh to 54 kWh, delivering an extra 30+ miles of range (190 miles total) and a 74 kW charge rate via CCS.

In September, the automaker announced it had surpassed 14,000 reservations, equivalent to more than $350 million in net revenue. Sono Motors remains on track to produce all currently reserved Sions in 2023, and now looks gain capital from an IPO to help push the SEV over the finish line.

sono IPO
Integrated solar panels on the Sion SEV Photo: Sono Motors

Sono Motors registers for IPO ahead of Sion production in 2023

In a press release today, Sono Motors announced that its parent company, Sono Group N.V. publicly filed a registration statement on Form F-1 with the U.S. SEC for an IPO pertaining to its common shares.

If approved and finalized, Sono Motors stated that it plans to list on the under the ticker symbol “SEV.” At this time, the amount of shares to be offered and the price range for the proposed offering have not been determined.

Like all initially filed IPOs, there is no assurance that Sono Motors’ request will be completed, nor do we know the size or terms of the offering at this point. In the meantime, Sono Motors is working to complete its third generation of Sion prototypes.

Those prototypes are currently slotted to begin testing in the first half of 2022. According to Sono Motors, it remains on track to begin delivering Sion SEVs to reservation holders in the first half of 2023.


Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

Continue Reading

Entertainment

Lauren Laverne given ‘all clear’ following cancer diagnosis

Published

on

By

Lauren Laverne given 'all clear' following cancer diagnosis

BBC presenter Lauren Laverne has said she has been given the “all clear” after being diagnosed with cancer.

The 46-year-old said in a post on social media that she will return to work next week on The One Show and has been working on new episodes of BBC Radio 4’s Desert Island Discs.

She said she is set to also return to her 6 Music show in the new year.

Laverne announced she was undergoing cancer treatment back in August after a screening test caught the disease “early and unexpectedly”.

She has not specified what type of cancer she had.

Thanking medical staff, friends and all those who sent her get well wishes, Laverne said on Sunday she would most like to thank her husband Graeme and her two children, who she said have been “absolutely extraordinary throughout”.

“It’s been a difficult time but one that has taught me so much about what really matters,” she wrote.

“I can’t say I suddenly regretted never having hiked the Inca Trail, more that I now see more beauty in ordinary things than I could have imagined, and feel more than ever that the small things in life – the connections we make and care we take with each other – are the big things really.”

A new episode of Desert Island Discs is due to air on 1 December, and will be a pre-recorded interview with comedian Mark Steel that is believed to have been done by Laverne before she went on leave.

Read more from Sky News:
Zayn Malik’s tribute to Liam Payne at show
Kanye West accused of sexual assault

She will return to record more episodes as well as Christmas editions of the series over the next few weeks.

A BBC spokeswoman said: “We’re delighted to welcome Lauren back to the studio this month for The One Show and Desert Island Discs, with new episodes airing on Radio 4 from 1 December, and we look forward to welcoming Lauren back to BBC Radio 6 Music in the new year.”

Continue Reading

Entertainment

‘Love you bro’: Zayn Malik’s tribute to Liam Payne at first show since former bandmate’s death

Published

on

By

'Love you bro': Zayn Malik's tribute to Liam Payne at first show since former bandmate's death

Zayn Malik paid tribute to former One Direction bandmate Liam Payne as he kicked off his solo tour.

Payne died last month of multiple traumas and “internal and external haemorrhage” after falling from a third-floor balcony in Buenos Aires, according to a post-mortem.

Images from Leeds’s O2 Academy on Saturday showed Malik – who delayed his Stairway To The Sky tour due to Payne’s funeral on Wednesday – shared a tribute.

A message was displayed with a heart on a large blue screen behind the singer reading: “Liam Payne 1993-2024. Love you bro.”

The 31-year-old also previously postponed the US leg of the tour after the “heartbreaking loss”.

He later rescheduled the Edinburgh shows, which had been planned for 20 and 21 November, to December due to “unforeseen circumstances”.

Following Payne’s death, Malik said he “never got to thank” him for his support during some of the “most difficult” times.

“I will cherish all the memories I have with you in my heart forever,” he said in a post on Instagram.

Read more:
Kanye West accused of sexual assault
Ed Sheeran ‘helped Ipswich sign player’

Malik rose to fame in 2010 when Simon Cowell teamed him up with Payne, Harry Styles, Louis Tomlinson and Niall Horan on talent show The X Factor.

Malik left the band in 2015 and all members went on to pursue their own solo careers.

An investigation has been launched into Payne’s death by prosecutors and three people have been charged in connection with the incident.

Continue Reading

Entertainment

Kanye West accused of sexual assault on set of music video in new lawsuit

Published

on

By

Kanye West accused of sexual assault on set of music video in new lawsuit

Rapper Ye – formerly known as Kanye West – has been accused of sexual assault in a civil lawsuit that alleges he strangled a model on the set of a music video.

Warning: This story contains details that readers may find distressing

The lawsuit alleges the musician shoved his fingers in the claimant’s mouth at the Chelsea Hotel in New York City in 2010, in what it refers to as “pornographic gagging”, Sky News’ US partner network NBC News reported.

The model who brought the case – which was filed on Friday in the US District Court for the Southern District of New York – was a background actor for another musician’s music video that Ye was guest-starring in, NBC said, citing the lawsuit.

She is seeking compensatory and punitive damages against the 47-year-old.

A representative for Ye was approached for comment by NBC News on Saturday.

The New York City Police Department said it took “sexual assault and rape cases extremely seriously, and urges anyone who has been a victim to file a police report so we can perform a comprehensive investigation, and offer support and services to survivors”.

The lawsuit alleges that a few hours into the shoot, the rapper arrived on set, took over control and ordered “female background actors/models, including the claimant, to line up in the hallway”.

The rapper is then believed to have “evaluated their appearances, pointed to two of the women, and then commanded them to follow him”.

The lawsuit adds the claimant, who was said to be wearing “revealing lingerie”, was uncomfortable but went with Ye to a suite which had a sofa and a camera.

When in the room, Ye is said to have ordered the production team to start playing the music, to which he did not know his lyrics and instead rambled, “rawr, rawr, rawr”.

The lawsuit claims: “Defendant West then pulled two chairs near the camera, positioned them across from each other, and instructed the claimant to sit in the chair in front of the camera.”

While stood over the model, the lawsuit clams Ye strangled her with both hands, according to NBC.

It claims he went on to “emulate forced oral sex” with his hands, with the rapper allegedly screaming: “This is art. This is f****** art. I am like Picasso.”

Read more from Sky News:
Cillian Murphy and his wife buy a cinema
Joy star James Norton on the ‘postcode lottery’ of IVF

Universal Music Group is also named in the lawsuit as a defendant and is accused of failing to investigate the incident.

The corporation did not immediately respond to a request for comment by NBC.

Jesse S Weinstein, a lawyer representing the claimant, said the woman “displayed great courage to speak out against some of the most powerful men and entities within the entertainment industry”.

Continue Reading

Trending