Aptera Motors

The world's first Never Charge solar vehicle!

Overview

Raised to Date: Raised: $11,444,480

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

12/19/2022

Close Date

08/29/2023

Min. Goal

$1,000

Max. Goal

$41,270,000

Min. Investment

$1,000

Security Type

Equity - Common

Series

Series A

Funding Type

RegA+

Price Per Share

$10.50

Pre-Money Valuation

$795,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

208

% of Min. Goal

1,144,448%

% of Max. Goal

28%

Likelihood of Max
extremely
Avg. Daily Raise

$254,322

# of Investors

6,895

Momentum
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Location

San Diego, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Aptera Motors, an automobile manufacturing company, is raising funds with Dalmore as the Broker dealer through Reg A+ crowdfunding. The company is making electric vehicles with higher energy efficiency, better manufacturing efficiency, and lower costs. Chris Anthony founded Aptera Motors in 2019. The current crowdfunding round has no minimum target and a maximum target of $41,270,000. The raise proceeds will be used towards development and design, production and equipment, and general and administrative expenses. Aptera Motors already has over $350 million in pre-orders, with 10,000 people already reserved a vehicle. The company is entering the growing electric vehicles market and aims to earn a significant portion of the growth.

Balance Sheet

Cash and Cash Equivalents

$19,334,550

Accounts and Notes Receivable

$18,599

Property, Plant and Equipment (PP&E)

$358,403

Total Assets

$23,259,441

Accounts Payable & Accrued Liabilities

$1,955,741

Long Term Debt

$81,512,432

Total Liabilities

$84,770,703

Total Stockholders' Equity

$-61,511,262

Total Liabilities and Equity

$23,259,441

Statement of Comprehensive Income Information

Depreciation and Amortization

$14,587

Net Income

$-96,523,644

Earnings Per Share - Basic

$-1.74

Earnings Per Share - Diluted

$-1.74

Auditor: dbbMcKennon
Financials as of: 12/19/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Aptera Motors 08/29/2023 Republic $795,000,000 $1,142,746 Equity - Common Active RegA+
Aptera Motors 08/29/2023 Dalmore Group $795,000,000 $11,444,480 Equity - Common Active RegA+
Aptera Motors 12/18/2022 Dalmore Group $200,000,000 $45,811,124 Equity - Common Funded RegA+
Aptera Motors 12/20/2020 Wefunder $40,000,000 $1,070,000 SAFE Funded RegCF
Aptera Motors 03/31/2020 Wefunder $20,000,000 $561,080 SAFE Funded RegCF
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Aptera Motors on Dalmore 2022
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Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $795,000,000
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

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