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Accelerate Aptera Leaderboard
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Accelerate Aptera Leaderboard
updated 6 months, 2 weeks ago
40 Members
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124
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Another sizable jump in slots filled:
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As of 5PM PDT March 23, 2023 750 Accelerator slots have been filled; which is 3/8 (37.5%) to the 2000 slot target. At the present rate, it will be about another 3 months to fill 2000 slots.
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The program added $1 million and 30 investors in two days. In my line of thinking as the number of participants approach 2000 and the investment amount gets closer to $20 million more investors will get on board. At some point during the program, I envision 100 participants for over $1 million invested in 1 day.
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If they fill 2000 slots I could see many kicking in a couple grand more to try for the first 500 or so in the last couple days. The 500th spot will take $13500. That is my guess.
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REMEMBER … if you want to invest in Aptera but don’t have $10K, then you can still invest!
You can invest in Aptera as little as $210. Visit Republic.com.
I am not a financial adviser, this is not financial advice.🙂
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Ever since the original end date (3/26), new slots being filled per day seems to have slowed:
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The signup rate since the Accelerator Program was announced has average around 13 new investors per day. If the future signup rate matches the past 2 months then the 2,000 slots will be filled some time in July 2023 & could provide a total of $25M – $30M additional capital.
IMO, there have been no meaningful status update from Aptera since the announcements of the Launch Edition details about 2 months ago. I can only hope that the funds raised by the Accelerator Program so far have been used to order the longest lead time Assembly Line items.
What’s the status of the ATVM loan?
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Silence is deafening. Marketing is just not aggressive.
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First Post
we reserved 2 in February 2021.
We invested in the Accelerator program March 25 2023.
We were at 88 and. In the last two days dropped a few places but no one between us and no. 1. Invested after us .
How are they determining the order?
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Ranking is by amount invested and in the case of tie, date of investment. Some of the existing slots may move if/when their older investments finally get credited/debited (in case of fraud).
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No change at the top of the leaderboard but the slots are slowly being filled:
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With their last OFFERING CIRCULAR DATED DECEMBER 9, 2022 from the investment link it showed as of June 2022 they had 19 million in cash and spent 32 million for the previous 12 months. Have they stated this money from the program is not to be used with anything other than getting equipment and parts to get to building the vehicle? Based on the cash burn and the lack of big funding (and no updates on their balance sheet), I’m having a hard time believing they haven’t depleted their cash without using some of this to keep paying payroll and leases. They seem to still be doing quite a bit of R&D at this time too.
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Todays leader board
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Slots sales seem to have slowed some more:
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Slow progress:
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Officially 2/3rds of the way to $20M as of today. Pretty impressive.
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I was curious about how the pace of daily new investors and the total amount raised has fluctuated over time, so I transcribed some of the data from the leaderboard into a spreadsheet and made this graph with some trendlines.
Obvoiusly there’s been a dropoff in the pace of investment in recent weeks, but I’ve otherwise been impressed by how it keeps chugging along. I assumed it would plateau quite dramatically after the first couple weeks, but it actually hit its highest rate in March.
Seems like when Aptera is quiet for awhile, as it has been lately, the pace of investment slows down. Not exactly surprising. Hopefully there are some newsworthy developments in the coming weeks to reenergize interest and push it closer to the $20M goal.
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Thanks, Jeff. Nice work. I’ve been wondering about this aspect of the program, but didn’t know how to do the statistical analysis.
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New slots sales are down to a trickle:
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One of the first times when the daily refresh showed no slots for the previous day:
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Things have been drying up lately. The company needs to goose the system with some engaging progress because it has been a while. That should help.
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A bit of a reshuffle at the top of the board:
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Inching closer to $14M:
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Team Aptera needs to shake the Accelerator sugar bowl again. What was a vigorous stream of new entries has turned into 1-2 a day drip torture. Unless they come up with new incentives, they will not reach either 2000 or $20,000,000 goal this year. We all want them to succeed so hoping their creative genius comes up with new motivating plan to get the money wheel rolling again!
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Lou, unless they plan on giving up the farm, investment will stay like this until they truly find a much larger investor to start production. It’s not so much the 10k investor they need, it’s the whale that will turn things around. One large investor will do much more than any other incentive they can provide for the Accelerator investor.
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Agree with Lou!
Past time to shake the bushes again. Revenue from Accelerator funds continuing operations and supports CA Grant matching requirement effectively doubling funding. Good business maximizes ALL sources of revenue ALL of the time. We shouldn’t sit around on our butts and and do nothing hoping for the big fish.
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As an investor…I will not invest anymore until it is announced there is now enough to guarantee start of full production. Doesn’t make sense at this point to take anymore risk. John, have you invested yet in the Accelerator Program? If not, what are you hoping for before you do? There is enough swag offered and with the vehicle we already know what will be made standard with their offering. Not to get personal, but wondering if anyone is holding back hoping for either an unannounced accessory, feature or more swag? Let’s hear it….
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Don’t know if it is possible, but how about something like free Comma or sentry system included for NEW MONEY only in amount greater than X. Like $25K or $50K. It would be offered up as a future retrofit (not included at launch if it was not possible). Do you think that would bring in enough to be worthwhile? I don’t think trinkets are going to impress investors. Another possibility would be warrants, ie; the right to purchase additional shares at the same price in the future. That last one gets to be a heavier lift with the SEC though.
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We can assume the higher than recent average slots sold today was due to the webinar:
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I see they have 999 slots left, so they’ve made some progress this week. For my part, I bought another $100 of Aptera on the Republic investment site. Every little bit helps!
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The bump in daily slots sold since the webinar seems to have only lasted a few days:
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I know there are those saying Aptera needs to juice this program again. I wonder if the fact that they aren’t doing so is meaningful. Do they view 75% of goal (15M) as sufficient for this piece of the funding puzzle? Is the effort/reward ratio on this program not worth additional energy from them?
I love seeing the numbers on the board progress. But I also trust that if they aren’t doing much to push those numbers then they don’t feel any great urgency for them either.
FWIW, I invested in round 2 and in this round.
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I know times are tough right now for many. One thing I don’t get is why more minimum investment people don’t put in a small amount just to jump ahead a little. If you were any of the lowest investors, you could move up over 300 places by adding $1,000, and over 400 places by adding $3,000. That might be a few months of production which, to some, is a good jump. Hoping evrybody gets their vehicle ASAP!
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Some may do that (add to their total to jump ahead) but probably do it closer to the end of the program.
Assuming Aptera can execute their plan to ramp “quickly”, 400 spots could be as little as 10 days (two weeks) of production. Not sure how much that is worth to anyone.
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I guess it is possible, but I don’t see them at 40 vehicles a day for at least 6 months after they start production. I would be happy to see them at their initial goal of 20 per day in just a few months of production, but adding that second shift? You really have to have all the production bugs out first.
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Aptera plans 40 vehicles per day in a single shift, not 20. While your estimate might be closer to reality, I think Aptera plans that ramp a bit quicker than 6 months.
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I more wonder if people will strategically invest at the very end to try to get specific production numbers. 100, 200, 300, etc. Maybe 666. 888 for anyone hewing to Eastern lucky numbers. I wonder if there will be other pursued numbers.
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My number would be 13 but I don’t have that kind of money to invest. ¯\_(ツ)_/¯
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I wonder if a secondary markets for numbers might arise after the program ends. Someone with a desired number could hold an auction, pr for a modest (I hope) sum one could get on a preferred/favorite/lucky number.
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The post announcement bump continues to grow.
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Yes, I have been entering new investments into a spreadsheet, and I am noticing that some of these amounts are being backdated by a few days or even a week or two, so it’s possible that a lot of people responded to the webinar, but they don’t get added to the leaderboard until their payment lands with Aptera, hence we see this delayed reaction a few days after the webinar…
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Higher than average investing over the last couple of days:
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Any predictions on when the 2,000 Accelerator slots will be filled?
I am guessing: July 4th 2023.
Great date for a vehicle that promotes freedom.
My reasoning is that the last 500 slots will go faster then the current rate.
Plus, with Gamma coming back to the USA in June and going on a display, interest in Aptera will increase.
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I like your optimism.
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They would need to announce funding for manufacturing is complete and do it a month before July 4th to sell the rest of the Leader Board slots. Do you know something to be announced? I would then agree with you.
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With 944 slots left, it seems like things have been picking up recently. With Gamma coming back to the States, it will be exciting to see where they take it! Someone suggested the Woodward cruise in Detroit would be a good one.
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