Organization Collaborates with ÖPNV-Service for Solar Energy Upgrades Implementation
In a significant move towards greener mobility, Sono Group N.V. and ÖPNV-Service Hagen have announced a strategic partnership aimed at advancing sustainable public transportation. The collaboration, which focuses on reducing fuel consumption and minimising greenhouse gas emissions in public transit operations, will see the integration of Sono Group's innovative Solar Bus Kit.
The Solar Bus Kit, a disruptive solar technology, offers numerous environmental benefits. It enables buses to harness solar energy, thereby reducing reliance on fossil fuels. By supplementing the energy needs of buses with solar power, it helps lower overall fuel consumption and directly translates to decreased greenhouse gas emissions, contributing to climate protection efforts.
Sono Group N.V.'s stock is traded on the OTCQB under the symbol SEVCF. ÖPNV-Service, with over 15 years of experience as a service provider in the public transportation sector, performs 4,000 modernizations of commercial vehicles annually. The partnership plans to start operations in the fourth quarter of 2022, with potential expansion to sales and distribution of the Solar Bus Kit.
The Solar Bus Kit is optimised for common 12-meter public transport bus types in Europe, including Mercedes-Benz Citaro and MAN Lion's City. Bus fleet operators can expect a potential payback time of approximately 3-4 years, depending on days in operation and fuel prices. ÖPNV-Service is expected to provide installation, servicing, and logistics services for the Solar Bus Kit.
The Solar Bus Kit can reduce fuel consumption and inner-city greenhouse gas emissions by supplying buses with solar power. It also allows subsystems like heating, ventilation, and air conditioning (HVAC) to be partially powered by renewable energy. The partnership aims to implement Sono Group's Solar Retrofit Solution for Buses, known as the Solar Bus Kit.
While the detailed figures for reductions are not yet available, the emphasis on cutting fuel use and emissions is clear in the context of the partnership's aims. The risks associated with this partnership include the impact of the global COVID-19 pandemic, the company's limited operating history, unproven ability to develop and produce vehicles, uncertainty of projected financial information, competition, changes in regulatory requirements, and more.
Sono Group N.V. is on a mission to accelerate the revolution of mobility by making every vehicle solar. For media inquiries, visit www.ourwebsite/press, and for investor relations, visit ir.ourwebsite. The partnership between Sono Group and ÖPNV-Service Hagen is a significant step towards achieving greener, more energy-efficient public transportation, aligning with broader goals of sustainable urban mobility and environmental responsibility.
The strategic partnership between Sono Group N.V. and ÖPNV-Service Hagen, involving the implementation of Sono Group's Solar Bus Kit, aims to advance environmental-science and business in public transportation by reducing fuel consumption and emissions, thereby contributing to technology that fosters climate protection. Sono Group's stock, traded as SEVCF on the OTCQB, seeks to finance the revolution of mobility, making every vehicle solar, while ÖPNV-Service, with extensive experience in the environmental-science sector, provides installation, servicing, and logistics for the Solar Bus Kit.
