The Aptera Gamma electric vehicle was showcased at an investment conference in St. Moritz, Switzerland, where the company was seeking additional funding to move production forward.
“It was an honor being a partner at FTE – Follow the Entrepreneur over the weekend where we had the opportunity to connect to the Swiss Investment Community, meet our Swiss pre-order holders, and speak about the Ecosystems of the Future,” the company said on LinkedIn.
See also: Aptera Unveils Launch Edition of Solar-Powered Three-Wheeled Electric Vehicle with 40,000 Pre-Orders
Aptera has been seeking additional funding to sustain its operations. To this end, the company has launched the Aptera Accelerate program, which provides reservation holders with the option to move up the production queue by investing at least $10,000 in the company.
Recently, the company’s founders were seen at an investment conference in Switzerland, where they showcased the Aptera Gamma vehicle. Although the appearance was short notice, the vehicle demonstrated its suitability as a mobility solution in Switzerland’s narrow, mountainous streets.
The “Follow the Entrepreneur” (FTE) event, held in St. Moritz, Switzerland, is an important venue for startup businesses seeking funding. The website for the event claims that more than half of the entrepreneurs who presented at the event secured funding from wealthy private investors, with an average net worth of €50 million ($53 million).
Aptera, which is looking for production funding, has previously received a multi-million dollar grant from the State of California and opened a site for reservation holders to invest in the company. Aptera CEO Chris Anthony has stated that the company requires at least $50 million to commence production, but it is unknown whether the company obtained the necessary funding at the FTE event.
See also: Aptera Announces Standard DC Fast Charging for Upcoming Launch Edition Vehicle
Despite this uncertainty, Aptera’s efforts to seek investment worldwide are commendable, and with their dedication to this pursuit, the company may begin production quickly in the near future.
