About this raise

Aptera Motors, an automobile manufacturing company, is raising funds on Republic 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.

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Investment Overview

Invested this round: $1,726,577

Deal Terms

Total Commitments

Platform
Republic
Start Date
12/19/2022
Close Date
05/22/2024
Min. Goal
$210
Max Goal
$41,270,000
Min. Investment

$210

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.50

Pre-Money Valuation

$795,000,000

Company & Team

Company

Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
San Diego, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
91
Prior Founder Exits?
Yes
Founder Name
Steve Fambro
Title
Co-CEO
Founder Name
Christopher Anthony
Title
CEO
Founder Name
Michael Johnson
Title
Co-founder

Financials

 Revenue
$0
 Monthly Burn
$8,043,637
 Runway
2.4 months

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
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$80,000,000
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
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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.

Employee History

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Add to portfolio
Aptera Motors on Republic 2022
Platform: Republic
Security Type: Equity - Common
Valuation: $795,000,000
Price per Share: $10.50

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Follow Aptera Motors on Republic 2022

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