Aptera Corp funding status

Aptera Community Aptera Discussions Aptera Corp funding status

Aptera Community Aptera Discussions Aptera Corp funding status

  • Aptera Corp funding status

    david-marlow updated 8 hours, 36 minutes ago 62 Members · 149 Replies
  • IA-1

    February 21, 2023 at 2:17 pm

    That’s great, hopefully the Accelerator Program will bring even more funds. I hope there are some good news about the Davos and St. Moritz potential investor meetings to finalize the production funds requirements.

  • laura-batchelor

    February 22, 2023 at 10:25 am

    Is this the matching funds grant that has been discussed before, or a different one? Does Aptera get 100% of the money, or do they get 60% matching funds of what is raised in the Accelerator Program?

    • Mike-Mars

      February 23, 2023 at 4:39 pm

      Same one, so the funds have to be matched etc.

  • fgSOL24

    February 26, 2023 at 9:42 am

    Am I the only one wondering if Aptera already secured a $75 million investor?

    I’m hoping they now have one or two $50M investors and are keeping it quiet until Accelerate Aptera concludes.

    $50M won’t cut it. More is needed now, double would ensure survival. Us small investors alone can’t help Aptera start production.


  • harry-parker

    February 26, 2023 at 11:23 am

    You might be right about a big investor or 2.

    I’m thinking the big money will come in with the IPO, after production starts. That is what they’ll use to ramp up production.

  • BigSky

    February 26, 2023 at 11:50 am

    I believe they positioned the Accelerate program as a way to quicken the pace in lieu of large investors they were cultivating. They said those agreements take time. The inference I got from Steve (I believe) was that these potential large investors would be coming more like summertime and Accelerate allowed them to get critical long lead items on order to help the timeline.

  • thomas-edmonds

    February 26, 2023 at 2:39 pm

    How is the ATVM loan looking?

    Where are we in the process? https://www.energy.gov/lpo/advanced-technology-vehicles-manufacturing-loan-program#process

    When should we expect a decision?


  • Pragmatic_to_a_Fault

    February 27, 2023 at 5:57 am

    More transparency would help.


    Investors are playing a slot machine at 10k a pull or more, but the dials are turning at a snails pace, they won’t know if they’ve won or lost until actual production and IPO happen.

    I’m not willing to play that risk. More transparency would help me make a decision on said risk, if I had better than a 50/50 chance. I might risk 10k

    However as a startup. 90% of startups fail, I’m not sure what percentage never make it to the start line, just that 90% fail.

    So I’m pulling a slot machine handle at 10k a pull and have a 9/10 chance of losing 10k. Not doing it ,25c – $1. Ok

    10k ? Not happening

    Investors need to look at it that way.

    • Greek

      February 27, 2023 at 6:41 am

      You are absolutely right. Life itself is a risk. It’s all about managing your risks.

      With a vehicle that is at 95% complete and companies like CPC totally committed to the build, the risk starts to lessen. APTERA is still plugging along, they are extremely lean right now and are positioning themselves to get primed for production.

      10k is nothing to sneeze at. If you can’t risk…please don’t. My first investment with APTERA was following a dream with a lot of risk. As APTERA continued to progress and refine along with completing design, for myself it has switched towards an investment. Still with risk , but less so as there is now a light at the end of the tunnel.

    • mitochondria

      March 1, 2023 at 8:58 am

      I love the pessimistic comments. I just listened to a new podcast with Steve. They’re working 4-5 huge deals that would generate 150-200M. I’m considering investing more.

  • JRWiley

    March 13, 2023 at 3:51 pm
    • IA-1

      March 14, 2023 at 5:38 am

      Nice, this announcement will bring more investments and accelerate the production start date.

  • noah-blumenthal

    March 14, 2023 at 5:54 am

    Grant news is exciting. I have a love/hate relationship watching my initials on the Accelerate dashboard slide lower and lower every day. Really it’s 99% love.

  • fgSOL24

    March 25, 2023 at 3:42 am

    Without venture funding secured by now the success or bankruptcy of Aptera, before they can start selling cars, depends on the majority of reservation holders actually placing an order. But will they? Reservations can’t be counted on reliably even though we have heard as nauseam for two years how many people are placing reservations.

    We can safely assume all investors will purchase a car or two. That’s a good thing. But that’s only 800 cars in late March and hopefully 2,000 orders locked in by Summer 2023 (and with a $2,500 discount per car profitability craters, but whatever, call it marketing awareness investment).

    Aptera must hurry up and disclose at least one funding deal secured, a lifeline to commence manufacturing.

    Without this assurance retail investors will shy away now, fearing the company will fail to start due to lack of cash. But concrete news of funding under contract, or better yet, disclosure of money in the bank, will give retail investors confidence to continue helping Aptera to succeed🤞.

  • UnidentifiedDrivingObject

    March 25, 2023 at 1:24 pm

    With the current banking crisis in our midst (the “canary-in-the coal mine”..now going global), I just hope the overall funding for Aptera coming from all fronts, would not dry up..

  • BigSky

    April 12, 2023 at 5:49 am

    I know this has been asked, but I have never seen a knowledgeable answer to the question. How does the $21 million grant reimbursement work? Do they need to spend the whole thing to get the money back or can they get the reimbursement piecemeal as they go?

    • wingsounds13

      April 12, 2023 at 3:08 pm

      As I understand it they will receive fractional grant payments as money is spent on the projects listed in the grant. Of course, I could be wrong… ¯\_(ツ)_/¯

  • klaas-stoker

    April 13, 2023 at 8:54 am

    The Accelerate money is not enough to start production, perhaps just enough to keep the doors open. Chris Anthony was supposed to be arranging investment funding in Europe earlier this spring, while Steven Fambro was doing the same in Dubai and possibly, India. They were hoping to get more than one $50M investment. One such investment would probably allow some production, but more is required for full production. My understanding is that this is a requirement on top of the $21M grant. The silence on what happened during these trips to Europe and Asia is deafening. I understand large deals will take time to finalize, but some news, any news would put many minds at ease.

    • This reply was modified 5 months, 2 weeks ago by  Klaas Stoker.
  • michael-kruse

    April 17, 2023 at 7:54 pm

    Perhaps Aptera should make 10 Launch Editions for delivery to the first 10 Accelerators who have invested over $3 million!

    They then take the vehicles across the nation as a driving promotion, investors will empty their bank accounts and people will flock to buy the vehicles!

    Just saying…

  • Riley

    April 18, 2023 at 12:59 am

    The sooner they make even one delivery the better, if they can make a couple hand built cars and deliver them the publicity will draw more investors and would be worth it for the company overall. The only potential drawback could be delays to crash testing or huge number of recalls for the early delivery recipients.

    • curtis-cibinel

      April 18, 2023 at 9:19 am

      Crash testing is still technically unofficial and not required so that shouldn’t be a blocker. Only reason to do any more hand built is just to get them into the world for the PR and hopefully see a spike in investment. Tough to know if the effort for this would be worthwhile.

  • Bureaucrat

    June 3, 2023 at 1:40 pm

    Anyone investigated a financial hook-up with Tata India? [They are the largest car maker in India; they are used to 3 wheel transports; India has a big pollution problem; the vehicle is more affordable than other EVs.] Might be the partner Aptera needs.

  • joshua-rosen

    June 3, 2023 at 4:33 pm

    They don’t want to give up control, they did that the first time around and it was catastrophe. A company like Tata would want to own the whole company. If I had to hazard a guess as to why they haven’t been able to close a funding deal I’d bet it has to do with how much control they are willing to give up.

    One more thing about Tata, they bought JLR and I’m sure they regret it. Jaguar barely exists anymore, they are asking their dealers to give up their dealerships. Land Rover doing a little better but it’s been shrinking also.

  • 993cc

    June 4, 2023 at 10:14 am

    The other big mover in Indian transport is Mahindra. They have a presence in North America with their tractors. Some years ago they tried to enter the U.S. market with a mid-sized (small by U.S. standards) diesel powered pickup. They were unable to get it emissions certified (unwilling to cheat, I guess) and pissed off a bunch of people who had invested in dealerships when they pulled out. They build a nearly original Jeep under license, which they sell here as an off-roader.

    Synergies with Aptera? I can’t think of anything, but they might have some money lying around.

    About India’s lack of a charging infrastructure and Aptera’s suitability: I think it is precisely the lack of a charging infrastructure that could make Aptera ideal, due to its efficiency. A regional version equipped with a 30kW AC charger could charge faster than 400 km per hour off of any household plug along your route. Tight moving traffic would still be a challenge, though.

  • Waiting

    July 11, 2023 at 8:29 am

    As time goes by without a major investor, the Government Loan program looks to be the only viable path to production. These other tricks for funding are the equivalent of treading water. As I read it, the Government will pay for up to 80% of production startup cost if they believe there is a good chance of getting paid back. The big question is, will they fund a 3 wheel autocycle with many parts made overseas?

  • william-hester

    July 11, 2023 at 8:43 am

    Something else to keep in mind is that the Accelerator program (and presumably all other investing) is currently “paused” for non-accredited investors, which is why fundraising appears to be stalled out. Once those investments resume, I suspect there will be a surge in the numbers as people who were about to invest (or still considering it) prior to the pause all jump on board at once. The company will probably still need a large influx of capital to get the ball rolling, either in the form of the ATVM Loan getting approved or a Very Large Investor stepping up to the plate. That said, my doubts about Aptera reaching production have greatly diminished over last couple of months. Just a little more patience…

  • D2E

    July 18, 2023 at 7:56 am

    Is there any information about the grant application to the feds?

    • Biker

      July 18, 2023 at 8:15 am

      Assume nothing will happen before the end of the year – it takes several months for the initial process.

  • Biker

    August 2, 2023 at 11:37 am

    Not sure this makes much diff in the grand scheme of things but:

    “We are thrilled to announce that Aptera Motors has been granted a significant competitive advantage in its mission to revolutionize the mobility industry. The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) has awarded Aptera an exemption on taxes for $81 million in equipment purchases to outfit our state-of-the-art factory. This prestigious achievement provides Aptera with a unique opportunity to accelerate our efforts, drive innovation, and further solidify our position as a pioneering force in the electric vehicle market.

    The Impact of the California Alternative Energy and Advanced Transportation Financing Authority

    As a result of this accolade, Aptera will be able to reinvest the funds previously allocated for taxes into further developing our manufacturing capabilities. The $81 million tax exemption will enable us to acquire cutting-edge equipment, advanced technologies, and resources needed to optimize our factory operations and enhance the production of our groundbreaking EVs. “

    Aptera Awarded California Alternative Energy and Advanced Transportation Financing Authority for $81 Million in Equipment Purchases | Aptera

    • Kamakiri

      August 2, 2023 at 1:07 pm

      I think it’s great in terms of going much further in the future for the company. Perhaps not gonna affect much in the near term, aside from providing more for potential investors and buyers to consider.

      In that regard, it’s huge for the prospects of building a second factory.

  • craig-merrow

    August 2, 2023 at 12:19 pm

    Wow, that’s huge! Great to see this kind of support for Aptera!

  • glenn-zajic

    August 3, 2023 at 8:47 am

    Just curious. Was it capped at $81 mil. because that is how much Aptera plans to spend on equipment made (or sold) in California?

  • ImAlwaysMIA

    August 4, 2023 at 5:55 am

    We should expect to see big news at the end of Q3 when Aptera is supposed to finalize that $20 mil investment which was originally to take place beginning of the year.

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