Böllinger Group took part in a $54.7m round for the electric car developer, which had previously raised money through crowdfunding campaigns.
Germany-based electric car producer Sono Motors has closed a €45m ($54.7m) series C round featuring automotive component and prototyping services provider Böllinger Group, Gründerszene has reported.
The round included WI Ventures, eVentures TNS, ELFH Holding, Felunic Vermögensverwaltung and family offices including Seedrs Nominees, and Sono also named financial services firm Swedbank and DNCA Finance as participants in a subsequent announcement.
Founded in 2016, Sono is preparing to launch an electric vehicle called Sonos that generates some of its power through onboard solar panels. It has 12,400 pre-orders for the vehicle, which is geared toward carpooling services, but is yet to begin mass production.
The company had almost exhausted its financial resources before completing a $58.5m equity crowdfunding campaign in December 2019. It said it has now raised approximately $122m in equity, debt and option financing altogether.
Sono had secured $6.9m in a late 2018 crowdfunding campaign valuing it at $134m, after raising $1.2m in another campaign the previous year.
