Aptera Motors

Aptera Motors

Early Stage

Do More with a 1,000+Mile Range EV!

Overview

Raised to Date: Raised: $561,080

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/28/2019

Close Date

03/31/2020

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/04/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,610

# of Investors

1,254

Momentum
Funded
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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

High Growth

Aptera Motors, with a valuation cap of $20 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 but was liquidated in 2011 due to lack of finances. The current crowdfunding round has a minimum goal of $100,000 and a maximum goal of $1,070,000, and the proceeds will be used to recreate the brand. Aptera Motors is all set to bring in safe, efficient, and sustainable transportation and has set meaningful targets for the future.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-37,898

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$55,368

$0

Accounts Receivable

$0

$0

Total Assets

$62,202

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 08/28/2019
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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 $1,702,931 Equity - Common Active RegA+
Aptera Motors 08/27/2024 Dalmore Group $795,000,000 $39,647,192 Equity - Common Active RegA+
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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Price per Share History

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

Valuation History

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.

Employee History

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Aptera Motors on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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