"Our Organization Broadens Carsharing Offerings Through Pioneering Service"
In a groundbreaking move, Sono Carsharing has launched an innovative app aimed at transforming private vehicles into income-generating assets. The goal is to become the largest car-sharing platform in Germany, offering a peer-to-peer car-sharing service backed by AI and machine learning.
The app, available for free download on the App Store and Google Play, allows vehicles of all brands to be shared within a community of trusted people. Car owners, known as 'Hosts', can list their private vehicles on the platform, managing bookings, pricing, and availability efficiently through AI-driven algorithms.
One of the key features of the app is its smart pricing model. Machine learning optimises pricing, ensuring vehicles are rented at competitive yet profitable rates. This attracts more users, or 'Guests', and increases vehicle usage.
For those without a car, finding a community nearby is easy. They can connect with existing communities and rent vehicles with uncomplicated third-party driver insurance. A keyless entry system integrated with smartphones allows renters to access vehicles without physical key exchanges, ensuring a seamless vehicle handover.
The platform also fosters a trusted community through its ratings system. 'Driver scores' are calculated based on GPS tracking and driving behaviour, encouraging responsible vehicle sharing and renting.
With over 40,000 registered vehicles and around 4 million active users, the app offers a wide selection to renters, significantly increasing vehicle utilization. This combination of technology and community management allows car owners to offset their vehicle costs by renting out their cars more efficiently and frequently, reducing monthly ownership costs by up to 85%.
Sono Carsharing is an expansion of the original concept developed for the Sion solar electric car. The company, Sono Group N.V., is on a mission to accelerate the revolution of mobility by making every vehicle solar. Their disruptive solar technology can be seamlessly integrated into various vehicle architectures, including third-party OEM cars, buses, refrigerated vehicles, and recreational vehicles.
Investor relations inquiries can be directed to ir@our website or ir.our website. Media inquiries can be directed to press@our website or www.our website/press. The company's filings with the U.S. Securities and Exchange Commission (SEC) can be found on the SEC's website and the company's website.
The forward-looking statements in this press release involve inherent risks, uncertainties, and contingencies, which may cause the actual results to differ materially from those expressed or implied by such statements.
Feedback from the community has been very promising, with the app proving to be popular. Vehicle owners set their own prices, and billing is per minute, distance driven, or based on a flat rate. As Sono Carsharing continues to grow, it is set to revolutionise car ownership and mobility in Germany.
- The innovative app, Sono Carsharing, aims to transform private vehicles into income-generating assets, positioning itself to become the largest car-sharing platform in Germany.
- Users can download the app for free on the App Store and Google Play, enabling vehicle sharing within a community of trusted individuals.
- Car owners (Hosts) can list their private vehicles on the platform, managing bookings, pricing, and availability efficiently using AI-driven algorithms.
- The smart pricing model, powered by machine learning, optimizes rental rates, attracting more users (Guests) and increasing vehicle usage.
- For those without a car, finding a nearby community and renting vehicles is straightforward with third-party driver insurance included.
- A keyless entry system integrated with smartphones ensures seamless vehicle handovers, eliminating the need for physical key exchanges.
- As sustainable-living and technology converge, Sono Carsharing's mission is to accelerate the mobility revolution, making every vehicle solar-powered, integrating solar technology into various vehicle architectures.
