• Exclusive Content
  • Events
  • Endeavor Business Media Energy
    1. e-Mobility

    German Car Rental Firm to buy 12,600 Sion Solar EVs from Sono Motors

    Sept. 8, 2022
    Image credit Sono Motors
    Sono M Otors 631a2fe883e4b

    German solar mobility manufacturer Sono Motors and car rental platform FINN have signed a letter of intent to reserve and purchase 12,600 units of the Sion solar electric car.

    Sono Motors has planned to start manufacturing in the second half of 2023 and deliver the first batch of 100 Sion units to FINN in 2024. Another batch of 2,500 cars will be dispatched the next year; the same number will be delivered every year accordingly, until the total of 12,600 is reached.

    FINN, which intends to create a sustainable fleet to drive forward its environmental goals, is planning to use those Sion for its service in Germany.

    Furthermore, as of September 1, Sono Motors reported over 20,000 direct customer reservations (B2C) with an average down payment of around €2,000 net.

    See our full EnergyTech coverage of the e-Mobility sector

    Subscribe to our free Email Newsletter for more on EVs, Renewables, Energy Storage, CHP, Microgrids and the C&I Energy Transition

    Earlier this year, FINN announced it had raised $110 million in equity funding to expand into the U.S. and elsewhere in Europe. The goal is to reach 30,000 “subscriptions” by the end of 2022, according to the company.

    FINN’s valuation is now estimated at $500 million. It aims for a market in which consumers avoid the traditional car ownership model in favor or rental or using for limited periods.

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.