Aptera Motors (2024)
About this raise
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.
Investment Overview
Invested : $3,458,479
Deal Terms
Total Commitments
- Platform
- Issuance Express
- Start Date
- 05/31/2024
- Close Date
- 06/30/2024
$25,000
$5,000,000
$1,000
Equity - Common
Series B
RegCF
$10.50
$835,948,029
Company & Team
Company
- Year Founded
- 2019
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $125,289,000
- Grants
- $21,900,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/25/2025 | Dalmore Group | $986,264,067 | - | Equity - Common | Active | RegA+ |
| 07/02/2024 | Dalmore Group | $795,000,000 | $40,500,075 | Equity - Common | Funded | RegA+ |
| 06/30/2024 | Issuance Express | $835,948,029 | $3,458,479 | Equity - Common | Funded | RegCF |
| 05/22/2024 | Republic | $795,000,000 | $1,726,577 | Equity - Common | Funded | RegA+ |
| 12/18/2022 | Dalmore Group | $200,000,000 | $45,811,124 | Equity - Common | Funded | RegA+ |
| 12/20/2020 | Wefunder | $40,000,000 | $1,070,000 | SAFE | Funded | RegCF |
| 03/31/2020 | Wefunder | $20,000,000 | $561,080 | SAFE | Funded | RegCF |
Growth Charts
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.