About Sono Motors
Sono Motors is a company based in Munchen (Germany) founded in 2013.. Sono Motors has raised $120.09 million across 6 funding rounds from investors including Swedbank, DNCA Finance and European Union. Sono Motors operates in a competitive market with competitors including Polestar, NIO, Tesla, Fisker and Xiaopeng, among others.
- Headquarter Munchen, Germany
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sono Group Nv
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Annual Revenue
$0-100as on Dec 31, 2024
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Net Profit
$70.34 M242.36as on Dec 31, 2024
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EBITDA
$-6.95 M76.89as on Dec 31, 2024
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Total Equity Funding
$120.09 M (USD)
in 6 rounds
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Latest Funding Round
$55 M (USD), Series C
Dec 16, 2020
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Investors
Swedbank
& 3 more
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Employee Count
Employee Count
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IPO & Listings of Sono Motors
Sono Motors is a publicly listed company on the NASDAQ with ticker symbol SSM in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Sono Motors
Sono Motors has successfully raised a total of $120.09M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $55 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $55.0M
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First Round
First Round
(01 Jun 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series C - Sono Motors | Valuation | Swedbank | |
| Jan, 2020 | Amount | Series B - Sono Motors | Valuation | Wi Venture |
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| Sep, 2019 | Amount | Grant - Sono Motors | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sono Motors
Sono Motors has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Swedbank, DNCA Finance and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and corporates.
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Founded Year | Domain | Location | |
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DNCA Finance is engaged in asset management and investment services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sono Motors
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sono Motors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sono Motors Comparisons
Competitors of Sono Motors
Sono Motors operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Polestar, NIO, Tesla, Fisker and Xiaopeng, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric vehicles are manufactured and developed by Polestar.
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| domain | founded_year | HQ Location |
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
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| domain | founded_year | HQ Location |
Electric vehicles and solar energy products are manufactured.
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| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
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| domain | founded_year | HQ Location |
AI-enabled electric cars are developed and manufactured by Xiaopeng.
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| domain | founded_year | HQ Location |
Electric SUVs are manufactured in Beijing, China.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sono Motors
Frequently Asked Questions about Sono Motors
When was Sono Motors founded?
Sono Motors was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Sono Motors located?
Sono Motors is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is Sono Motors a funded company?
Sono Motors is a funded company, having raised a total of $120.09M across 6 funding rounds to date. The company's 1st funding round was a Grant of $198.79K, raised on Jun 01, 2016.
What does Sono Motors do?
Sono Motors was founded in 2013 in Munich, Germany, within the electric vehicle sector. The Sion model, an electric car equipped with solar panels on its roof and sides, is developed to support sustainable driving. Mobile applications for e-mobility services, including ride-sharing and related solutions, are also provided. Operations are based in Germany, focusing on innovative transportation technologies.
Who are the top competitors of Sono Motors?
Sono Motors's top competitors include Polestar, Beijing Che Lixing Information Technology and Fisker.
Is Sono Motors publicly traded?
Yes, Sono Motors is publicly traded on NASDAQ under the ticker symbol SSM.
Who are Sono Motors's investors?
Sono Motors has 4 investors. Key investors include Swedbank, DNCA Finance, European Union, and Wi Venture.
What is Sono Motors's ticker symbol?
The ticker symbol of Sono Motors is SSM on NASDAQ.