EU Commission awards financing to our organization for Solar Technology endeavor
In a bid to revolutionise mobility and combat climate change, two significant projects are making waves across Europe. The SEAMLESS-PV project, funded by the EU Commission, is spearheading the advancement of photovoltaics (PV) integration, while Sono Group N.V. is accelerating the solar revolution by making every vehicle solar.
**SEAMLESS-PV: Paving the Way for Solar Technology in Europe**
The SEAMLESS-PV project, a multi-national initiative, is focused on enhancing PV integration into the built environment and energy systems. With a strong emphasis on technology development, training, and cross-border collaboration, the project has made considerable progress. TECNALIA, the project coordinator, recently hosted the second country workshop in Spain, marking another milestone in the project's journey[1]. Additionally, the SUPSI BIPV team has produced a documentary film highlighting the intersection of solar technology and architecture as part of SEAMLESS-PV's training initiatives[4].
SEAMLESS-PV's objectives are threefold: to enhance PV integration, promote training and educational activities, and leverage partnerships and funding for research and deployment. However, it is important to note that, as of the available sources, Sono Group N.V. is not a direct participant or stakeholder in the SEAMLESS-PV project[1][4].
**Sono Group N.V.: Solar Power for Every Vehicle**
Sono Group N.V., traded on the OTCQB under the symbol SEVCF, is on a mission to make every vehicle solar. The company has secured €1.46 million in funding from the European Climate, Infrastructure and Environment Executive Agency (CINEA) for the advancement of its proprietary solar technology[2]. This technology is being integrated into vehicles from various manufacturers, including buses, trailers, trucks, and camper vans[6].
The funding will be used to address the industrialization of novel manufacturing processes and demonstrate the technology's cost-efficiency and compliance with market requirements[7]. Sono Group N.V. has already acquired 23 partners, including Scania, CHEREAU, Rhenus Logistics, Mitsubishi Europe, and Munich's public transport provider MVG[8]. The company will provide its knowledge and expertise in vehicle integrated photovoltaics (ViPV) via application of this technology into three different vehicle architectures.
Despite the promising developments, Sono Group N.V. faces several risks, uncertainties, and assumptions, including the impact of the global COVID-19 pandemic, the company's limited operating history, risks related to the development and production of vehicles, risks related to the monetization of the solar technology, effects of competition, changes in regulatory requirements, and uncertainty of projected financial information[9].
The company has received payment commitments from its Community and other sources worth approximately €45 million[3]. Sono Group N.V.'s disruptive solar technology is engineered to be seamlessly integrated into a variety of vehicle architectures[10].
For more information, visit Sono Group N.V.'s website, where contact information for media and investors is provided[11]. The press release includes forward-looking statements.
The SEAMLESS-PV project, a European initiative, is focused on enhancing photovoltaic (PV) technology integration into the built environment and energy systems.
Sono Group N.V., with a mission to make every vehicle solar, has secured funding from the European Climate, Infrastructure and Environment Executive Agency (CINEA) for the advancement of its proprietary solar technology, aimed at integration into various vehicle architectures.
