Aptera to Close Crowdfunding and Begin Solar Ev Production With the Help Of a Private Financial Group
Solar EV startup Aptera Motors announced it is leaving its “crowdfunding nest” of sorts, putting a bookend
Electrek 2:00 pm on May 16, 2024
Aptera Motors will cease its crowdfunding campaign on June 30, having raised over $100 million from more than 1,000 investors to support production of solar electric vehicles. The company seeks private funding with US Capital for Solar EV manufacturing, intending to deliver Launch Edition models in 2025.
- Aptera Motors ends its Regulation A crowdfunding after raising $100+ million.
- Seeking US Capital private funding for Solar EV production and delivery by 2025.
- Registration exemption through Regulation A offerings facilitated Aptera's public funding.
- Launch Edition vehicles aim for scaled solar electric vehicle market entry.
- Partnership with US Capital aims to bridge the gap towards production and sales.
https://electrek.co/2024/05/16/aptera-to-close-crowdfunding-begin-solar-ev-production-private-financial-group/