Bought in Aptera’s last round. Doubled down again on this current round.
I absolutely love what the company is doing and what they stand for. Solid co-founders and management team.
Been following Tesla, Rivian, Sonos, Lucid and it would be great to see Aptera’s public debut (SPAC/IPO) be as successful.
I did a thought experiment for the worst case scenarios to keep expectations in check though: They take way longer to go into production resulting in a delayed IPO/SPAC. Severe market downturn or cooling off of EV mania, resulting in only a $1b-$3b public market cap debut. Lukewarm public interest beyond the niche community of Aptera lovers.
If the above does become reality, would I still have invested? Absolutely. Only regret was not having been part of the first WeFunder raise.
PS: Mad kudos to anyone who took part in their 2019 WeFunder campaign when they were only valued at $25m!
I invested on the second fundraising, the first was already filled and closed within hours and before I went online to do that myself, I invested an equal amount when the Alphas were done and will do same with Betas are done.
Do you think they might close this round at some point? I seem to remember hearing that 40 million would get them into production. There was a recent published report that they had raised 28 million in this round, but I’m not sure how stale that info might be.
They’ve been seeking $40 million this round, and collected at least $28 million so far, but they received $20 million in the previous round and $4 million in the Wefunder round before that. I believe they said they had enough for production a long time ago. I’m a bit surprised they haven’t already raised the additional $40 million this round, but beforehand they were seeking $30 million this round and just decided to increase it to $40 million, I think to work on their 4 wheel prototype and to avoid another round before the IPO.