MERJ Exchange is creating a bridge between digital and non-digital securities by providing investors with a fully regulated and licensed exchange, operating to IOSCO standards with traditional market hallmarks, such as ISIN codes.
Sono announced the move to crowdfunding in December after talks with potential investors broke down. Financial backers had demanded the company give up on the Sion car because they said it cost too much to manufacture.
“In just seven years, we have managed to become the largest bus provider in the world, with more than 400,000 daily connections,” said CEO Andre Schwaemmlein, who founded the firm with partners Jochen Engert and Daniel Krauss.
OLX Group recently injected $400 million into Frontier Car Group, which operates across 10 emerging markets including in South America and Africa and offered all investors an opportunity to sell their equity stakes in the startup.
By the end of 2019, all 3,300 e.GO Life First Edition pre-orderers were supposed to have received their cars. In September it was announced that only 600 vehicles were to be delivered by the end of the year.