Frequently Asked Questions
Aptera is in the Beta phase of our vehicle development process, which means we are still running simulations, conducting tests and updating designs in preparation for production. Information on this FAQ is subject to change as we evolve to our final production vehicle.
Why isn’t my new investment on the Leaderboard or my www.aptera.us Investment Dashboard yet?
I invested through the Republic platform. When can I expect my Computershare account, www.aptera.us investment dashboard, and the Leaderboard to sync up with that investment?
Investments on Republic are closed by the platform and sent to us once a minimum sum is reached. Currently, there’s a delay in receiving these reports due to lower platform activity. For investments made between June 4 and the present date, we estimate to receive your investment information and transfer it to all applicable accounts by mid-October. We apologize for any inconvenience caused. We’ll update it promptly upon receiving the information from Republic.
How can I contact the company?
You can contact our support team at aptera.us/contact-us. Please select “Investment Support” from the drop-down.
Do I need to be a US citizen to invest?
Our offering is open to both U.S. citizens and residents as well as international investors.
What methods of payment do you accept?
We accept payments using a Visa, Mastercard, Bank Account (ACH), Wire, Check, and IRA.
There are no fees in order to complete your investment.
Do I need to be an accredited investor to invest?
No, the offering is open to both accredited and non-accredited investors.
When does the offering close?
The offering will terminate at the earlier of: (1) the date at which the maximum offering amount has been sold, (2) the date which is one year from this offering being qualified by the United States Securities and Exchange Commission, or (3) the date at which the offering is earlier terminated by the company at its sole discretion.
Will I be able to sell/transfer my shares?
Currently there is no market of liquidity for Regulation A+ shares. As an investor in a private company, you typically receive a return on your investment under the following two scenarios:
1.The company gets acquired by another company.
2.The company goes public (undergoes an initial public offering on the NASDAQ, NYSE, or another exchange).
How will proceeds from this offering be used?
The net proceeds of a fully subscribed offering, after total offering expenses and commissions, will be approximately $46,250,000. Aptera Motors plans to use the net proceeds as follows:
- $20,812,500 will go towards Development and Design
- $15,262,500 will go towards Production & Equipment
- $10,175,000 will go towards Selling, General & Administrative expenses
How many shares are being offered?
We are offering a maximum number of 13,157,894 shares of Class B Common Stock.
Why invest in Aptera Motors?
As the world adapts to accept more electric vehicles, there’s no better time to invest in this booming industry. Especially with initiatives like the California zero-emissions vehicle executive order, the time is now to invest in solar energy vehicles.
What is Aptera?
Aptera is the world’s most technologically advanced solar vehicle thanks to a combination of battery efficiency, aerodynamics, material science, and manufacturing.
What happens after I complete the online investment process?
Investment payments are processed by our Escrow Agent, Prime Trust. Prime Trust will be the name that appears on ACH and Credit Card statements.
ACH and Credit Card transactions can take 1-2 business days to process. You will receive an email notification from email@example.com when your funds are received.
Once funds are received, it can take up to 1-2 weeks to process your investment completely.
In some instances, we may reach out to you requesting additional information in order to verify your identity & finish processing your investment, which may increase the overall processing time.
Once your investment has been fully processed and confirmed, you will receive an Investment Confirmation email with your Signed Subscription Agreement and Ceremonial Certificate. You are officially an investor in Aptera Motors only when you receive this email.
If a couple of weeks pass by and you do not receive an Investor Confirmation email with your Signed Subscription Agreement and Ceremonial Certificate, please email us at firstname.lastname@example.org. We may still require additional information from you in order to process your investment fully. We recommend you check your spam folder first for any email communications!
Is there a minimum and maximum investment amount?
The minimum individual investment is $1,000, which is equivalent to approximately 109 shares at the current share price.
Please note, there is also a limit on how much non-accredited investors can invest, which is up to 10% of your income or net worth, whichever is greater. There is no limit for accredited investors.
What is the price per share?
The price per share is $10.50 in this offering.
How can I get more information about Aptera Motors and the offering?
You can view our offering circular at the link below. We recommend you read it before investing:
Link to Offering Circular (Dated August 10, 2023)
Link to Offering Circular (Dated August 29, 2022)
Link to latest 253(g)(2) Filing (Dated December 9, 2022)
Let us know if you have any additional questions.
How do I invest in Aptera Motors?
You can easily invest in our offering online using our secure investment portal, or by navigating to our offering listed on Republic.co – to invest directly using our investment portal, please take the following steps:
- Navigate to our investment portal
- Complete the investor registration questionnaire, including selecting a payment method and investment amount
- Read the Subscription Agreement, Customer Agreement and ACH Agreement (if paying via ACH)
- Type your full legal name to sign the Subscription Agreement
- Click “Complete Your Investment”
- Welcome to the Aptera Motors investor community!