Apr 19, 2023 - 03:55 pm
Sono Motors: “Community funding” may have been illegal
Barely two months after abandoning its solar car project, Sono Motors may be facing more trouble over the project’s financing. Capital magazine questions the “community funding” approach the German startup had resorted to and says reimbursements remain outstanding in some cases.
Mar 14, 2023 - 01:34 pm
Bonnet charging app rakes in over £3 mn in funding
Bonnet, a London-based EV charging app with a European scope, has launched a public crowdfunding campaign after drivers already using the app had pledged to take a stake in the company. Bonnet also reveals that it got £3 million in equity from powerful investors.
Jul 26, 2021 - 10:58 am
Dynamo Motor announced growth plans
The British Dynamo Motor Company has presented its growth plans. The company plans to hire 275 new employees and increase their conversion capacity to 10,000 vehicles annually by 2026.
Jan 19, 2020 - 06:21 pm
Sono Motors hits €50M-target through crowdfunding
Sono Motors has exceeded its crowdfunding target of 50 million euros and has extended the campaign until 20 January. The Munich-based company announced this on Saturday evening on Twitter – two days before the deadline.
Jan 9, 2020 - 11:13 am
Sono Motors drums up another 10 million euros
Sono Motors is well on the way to meeting its crowdfunding target of 50 million euros as part of the crowdfunding campaign that was extended till January 20. Sono Motors received a financing commitment of a further 10 million euros through the participation of existing investors, bringing the current level to just under 45 million […]
Jan 2, 2020 - 12:38 pm
Sono Motors extends crowdfunding target deadline
With just over 32 million euros collected, the Sono Motors’ crowdfunding campaign launched in early December did not reach the target of 50 million euros by the initial New Years Eve deadline. However, the German electric vehicle startup has been given a vote of confidence by customers to extend the deadline to 20 January.
Dec 16, 2019 - 12:31 pm
Sono Motors gets green light for profit sharing
Good news for German carmaking startup Sono Motors: the German Federal Financial Supervisory Authority (BaFin) has now approved Sono Motor’s Community Participation Program. This means future reservation holders can now participate in the company’s profits.
Dec 1, 2019 - 05:32 pm
Sono Motors evolves radically new financing strategy
The Munich-based German startup Sono Motors has just radically changed its financing strategy. Instead of relying on strategic investors, Sono will now increase its focus on crowdfunding. The production date of the Sion is also shifting significantly.
Jul 16, 2019 - 12:51 pm
Pre-orders open for ultra-light BEV: Nobe 100
The Nobe 100 can now be pre-ordered. The three-wheeled light-weight electric car with a retro design was first presented by Nobe Cars about a year ago. The Estonian startup is collecting production funds through a crowdfunding campaign on Indiegogo – where the first ten models are also available at a special price.
Nov 12, 2018 - 10:30 am
Faraday employees turn to crowd-funding
After the financial situation at Faraday Future took a turn for the worse, employees have taken to the internet to crowd-fund the most important expenses to keep furloughed employees afloat.
Oct 25, 2018 - 06:05 pm
Uniti to build pilot factory for Uniti One in UK
The Swedish electric vehicle startup Uniti has announced their intention to construct a pilot factory for their upcoming city EV in the British Silverstone Park. It will be used to manufacture the Uniti One and serve as a pilot programme for licensed factories around the world, according to the manufacturer.
Aug 27, 2018 - 02:17 pm
Engineering crowdfunding goes live
After his employer refused to set up a trailer hitch for the electric Mercedes B Class, a Mercedes engineer has now taken things into his own hands and started a crowdfunding campaign to gather funding and develop the hitch himself.
electrive.net (In German)
Aug 14, 2018 - 06:01 pm
Düsseldorf company presents extendable BEV iEV X
The Düsseldorf company iEV1 GmbH has presented a single-seated mini BEV named the iEV X, which can extend itself thanks to flexible vehicle architecture. At full length, it can house two persons and luggage. Currently the company is in the middle of a crowd-funding campaign to fund production.