Announced
Synopsis
Yorkville Advisors, an alternative investment manager and provider of specialty financing solutions, agreed to invest in Sono Motors, a Munich-based solar technology company. Financial terms were not disclosed. "The last few months have been exhausting for everyone at Sono Motors, but at the same time incredibly instructive. Now it's time to turn what we've learned into success. Our experienced team is eager to continue working toward our vision and has surpassed itself and grown even closer together over the last few months. We believe the agreement with Yorkville gives us the opportunity for a promising new start," Jan Schiermeister, Sono Motors Head of Technology.
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