Aptera Motors
The world's first Never Charge solar vehicle!
Overview
Raised: $1,070,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/13/2020
Close Date
12/20/2020
Min. Goal
$100,000
Max. Goal
$550,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$40,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2020
Days Remaining
Funded
% of Min. Goal
1,070%
% of Max. Goal
195%
Likelihood of Max
Funded
Avg. Daily Raise
$28,919
# of Investors
2,088
Momentum
Funded
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Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Aptera Motors, with a valuation cap of $40 million, is raising crowdfunding on Wefunder. The company plans to create a low-drag aerodynamic vehicle for being more efficient than other vehicles. Aptera Motors already has the prototypes and the technology and is looking for funds to design, manufacture, and distribute the Aptera electric vehicle. Aptera Motors was founded by Steve Fambro and Chris Anthony in 2005 and has raised over $3.2 million since its inception. The current crowdfunding round has a minimum goal of $100,000 and a maximum goal of $550,000, and the proceeds will be used for vehicle development and engineering, tooling and production equipment, development vehicle testing, marketing, and business development. Aptera Motors expects to realize margins of 35% selling 10,000 units per year by 2022.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-224,487 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$190,382 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$198,737 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 11/13/2020
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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 | $1,254,099 | 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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