Sono Group N.V. announced that it has entered a common shares purchase agreement for gross proceeds of up to $150,000,000 on June 13, 2022. The transaction will include participation from Joh. Berenberg, Gossler & Co.

KG, Investment Arm. Under the agreement the company has right, without obligation, to sell ordinary shares to the investors subject to certain limitations and conditions over a period of 24 months.