Aptera has announced the closing date for its Regulation A crowdfunding campaign, slated for June 30, as it steers toward securing private capital to propel its high-efficiency, three-wheel solar EV into high-volume production.
The company’s crowdfunding initiative, designed to bypass traditional investors and the stock market in favor of smaller-scale investments, has garnered significant traction over the past three years. Aptera has raised over $100 million from more than 17,000 investors, culminating in an impressive show of support for its innovative approach to sustainable mobility.
Notably, Aptera’s crowdfunding strategy offers an Accelerator Program, which grants investors contributing a minimum of $10,000 priority access to reservations for the first 2,000 initial build slots of its three-wheeled electric car.
Despite the momentum gained through its crowdfunding efforts, Aptera has not yet secured funding. Instead, the company has leveraged its crowdfunding success to initiate discussions with US Capital, seeking additional funding for the production of its Launch Edition vehicles.
The Launch Edition, unveiled in January 2023, boasts a 4.0-second 0-60 mph acceleration, a 42-kWh battery pack delivering a range of up to 400 miles, and a solar system capable of generating 700 watts of continuous power, sufficient for an additional 40 miles of range per day. Priced at $33,200, the Launch Edition represents Aptera’s commitment to delivering high-performance, sustainable transportation solutions.
In a strategic move, Aptera has adopted the Tesla NACS port for its charging infrastructure, positioning itself ahead of the curve in anticipation of the evolving EV landscape in the United States.
While Aptera initially announced in February that it had raised enough capital to commence the initial phases of production, subsequent updates have indicated the need for additional funding to kickstart production of the Launch Edition. Clarifying the earlier statement, Aptera explained that the funds raised were intended for “production-intent vehicle builds,” highlighting the meticulous planning underlying its manufacturing strategy.
Looking ahead, Aptera aims to bring its innovative vehicle to market “at scale” by 2025, with plans for design enhancements geared toward enhancing efficiency and cost-effectiveness. The company currently relies on CPC in Italy for its carbon-fiber body, chassis, and suspension components, EVE Energy for 2170-format cylindrical NMC cells, and CTNS in South Korea for battery modules, underscoring its commitment to leveraging global expertise in the pursuit of sustainable mobility solutions.
