Aptera Motors

Aptera Motors

Growth Stage

The world's first Never Charge solar vehicle!

The world's first Never Charge solar vehicle!

Overview

Raised to Date: Raised: $1,707,572

Total Commitments ($USD)

Platform

Republic

Start Date

12/18/2022

Close Date

08/28/2024

Min. Goal
$210
Max. Goal
$41,270,000
Min. Investment

$210

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.50

Pre-Money Valuation

$795,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/23/2024

Days Remaining

126

% of Min. Goal

813,130%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,471

# of Investors

1,504

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
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

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.

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
Financials as of: 12/18/2022
Create a free account today to gain access to KingsCrowd analytics.

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 $1,707,572 Equity - Common Active RegA+
Aptera Motors 08/27/2024 Dalmore Group $795,000,000 $39,595,311 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
Create a free account today to gain access to KingsCrowd analytics.

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

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Aptera Motors on Republic 2022
Platform: Republic
Security Type: Equity - Common
Valuation: $795,000,000
Price per Share: $10.50

Follow company

Follow Aptera Motors on Republic 2022

Buy Aptera Motors's Deal Report

Aptera Motors Deal Report

Get KingsCrowd’s comprehensive report on Aptera Motors including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Aptera Motors is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Aptera Motors deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge