Sono Motors has axed its solar-charged electric car, the Sion, after failing to crowdsource enough funds to rescue the project.
The German start-up appealed to investors and prospective buyers for further funding through Sion deposits on 8 December, admitting that it had failed to raise enough money through conventional means.
Sono set a target of 3500 additional reservations. Having failed to reach that milestone, it now plans to sell the car’s development program to “any interested third parties”.
