Aptera Closes $4M Series A Round and Takes a Quarter-Billion in Orders
- Sarah Hardwick
- Feb 18, 2021
- 2 min read
Backed by Notable Investors such as Sandy Munro,
Aptera Continues Growth
Aptera Motors announces it has closed its round of Series A funding, accepting a total of over $4 million. Aptera’s continued momentum has now garnered it over 7,000 vehicle reservations in just over two months totaling a quarter-billion in orders. The Solar Electric Vehicle (SEV) company is backed by crowdfunders, private investors and automotive leaders such as Sandy Munro of Munro & Associates, Inc.
“I’m betting on a solar future, and I’m betting on Aptera,” says the lean design expert. “The industry needs more creative engineering like this to progress ahead. I’m happy to be assisting Aptera as they move into production and beyond,” comments Munro.
Earlier this month, Aptera moved into a new production design facility in the Sorrento Valley area of San Diego. Part of a 60,500 square foot campus, the facility will be home to Aptera’s three completed vehicles and a team of development engineers. Areas of focus will be advanced 3D printing, composites, UI/UX development, and battery technologies development. As the company expands, Aptera will be evaluating additional locations for production facilities in San Diego and around the world.
“We’re excited to have Sandy’s support as we move into the Beta Design design phase of our Solar Electric Vehicles production plan. His decades of automotive knowledge and genius analysis of other EV players is great validation that we’re on the right path,” responds Chris Anthony, Co-Founder of Aptera.
About Aptera Motors
Aptera Motors delivers the world’s most technologically advanced solar electric vehicles (sEVs), made possible by breakthroughs in battery efficiency, aerodynamics, material science, and manufacturing. A lightweight three-wheeler, Aptera is the first in a series of eco-friendly vehicles that will be offered for consumer and commercial use. It has the longest range of any production vehicle with 1,000 miles per charge and the ability to travel up to 46 miles a day on free power from its integrated solar panels. With only four key structural parts, Aptera’s unique body shape allows it to slip through the air using far less energy than other electric and hybrid vehicles on the road today. Learn more and configure your vehicle at www.aptera.us.
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Four Million dollars doesn't go very far. They claim to have 7,000 pre-orders in the last 2 months for a total of $250,000,000. That's only a little over $35K per car. I pre-ordered almost a year ago and the base model was $39K. Nothing about this company adds up.
I'm hoping that I will be allowed to nerf the tablet display and put in my own gauges and buttons. Nothing beats not having to look at a TV instead of the road.
How do I invest in this company? They don’t have a stock. I saw they might open another investing round. What do you get for investing? Really cool company, I think this has a lot of potentia!
Mostly plastic cars will replace mostly metal cars as history extends itself. Aerodynamics, covered wheel wells in particular, must overtake "styling". We need efficiency data, not consumer preferences to rule our transportation else humanity will fumble opportunities to extend the benefits of civilization. The very poorest people inherit the residues of commercial and industrial success. It is up to us at the top to make sure that we do not poison them at the bottom.
Why would the vehicle not be categorized as an auto cycle? It would require stringent requirements than an automobile.