We recently completed an approximately $9 million equity raise led by institutional investors, adding new capital to support our validation program and manufacturing readiness. If all related warrants are exercised, total gross proceeds could reach approximately $18 million. This funding works alongside other tools we’ve preserved, including our Equity Line of Credit and non-dilutive sources such as our California Energy Commission grant
On the engineering side, momentum continues to build. Six vehicles are currently on the validation assembly line, with four more starting soon. These vehicles are helping validate both the vehicle and the assembly process as we work toward certification and production readiness. We’re incredibly grateful for the support of the Aptera community. Your belief in what we’re building drives our progress and keeps our mission moving forward. This year is all about execution, as we work diligently toward our goal of delivering Aptera vehicles to customers in 2026.
Thank you for being part of our journey.
The Aptera Team