Aptera Motors

Aptera Motors

Early Stage

The world's first Never Charge solar vehicle!

Overview

Raised this Round: Raised: $884,523

Total Commitments ($USD)

Platform

Issuance Express

Start Date

05/30/2024

Close Date

06/30/2024

Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$1,000

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.50

Year Founded

2019

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Location

San Diego, California

Aptera Motors is raising funds on Issuance Express. The automobile manufacturing company makes electric vehicles with higher energy efficiency, better manufacturing efficiency, and lower costs. Aptera Motors’ clean energy vehicles are made in a unique shape so they can slip through the air using only 30% of the energy compared to other electric and hybrid vehicles. The company has 48,000 pre-orders and aims to start deliveries by 2025. Chris Anthony and Steve Fambro founded Aptera Motors in March 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for tooling, equipment, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$54,606,000

$82,276,000

Summary Balance Sheet

FY 2023 FY 2022

Cash

$16,967,000

$9,848,000

Accounts Receivable

$4,780,000

$2,312,000

Total Assets

$37,591,000

$39,919,000

Short-Term Debt

$10,393,000

$10,238,000

Long-Term Debt

$2,513,000

$12,723,000

Total Liabilities

$12,906,000

$22,961,000

Financials as of: 05/30/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Aptera Motors 08/27/2024 Republic $795,000,000 $1,726,577 Equity - Common Active RegA+
Aptera Motors 08/27/2024 Dalmore Group $795,000,000 $40,954,137 Equity - Common Active RegA+
Aptera Motors 06/29/2024 Issuance Express - $884,523 Equity - Common Active RegCF
Aptera Motors 12/17/2022 Dalmore Group $200,000,000 $45,811,124 Equity - Common Funded RegA+
Aptera Motors 12/19/2020 Wefunder $40,000,000 $1,070,000 SAFE Funded RegCF
Aptera Motors 03/30/2020 Wefunder $20,000,000 $561,080 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Aptera Motors on Issuance Express 2024
Platform: Issuance Express
Security Type: Equity - Common
Price per Share: $10.50

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