About this raise

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.

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Investment Overview

Invested this round: $1,070,000

Deal Terms

Total Commitments

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

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$40,000,000

Discount

0%

Company & Team

Company

Year Founded
2019
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Cleantech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Location
San Diego, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
34
Founder Name
Steve Fambro
Title
Co-CEO

Financials

 Revenue
$0
 Monthly Burn
$18,707
 Runway
10.2 months

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

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Ratings Kingscrowd Startup Rating Methodology Article

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Company Funding & Growth

Funding history

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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Aptera Motors on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $40,000,000

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