Last Friday, Munich-based solar car company Sono Motors filed for a US IPO and may be looking to price the company at a $1 billion+ valuation according to Reuters, as investors increasingly eyeball green transportation and renewable energy companies.
Sono Motors' fully electric car, dubbed Sion, features just south of 250 solar cells integrated into its body, and sports a range of more than 305 kilometres.
Its first cars are expected to start shipping in the first half of 2023, according to the IPO filing, but it also foresees licensing its solar technology to other manufacturers.
No word on whether Sono Motors is working on a car that isn't really ugly.
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