Aptera now had some 7,000 reservations for its solar-charged three-wheeled electric vehicle.

Aptera Motors Closes $4M Series A Round and Takes a Quarter-Billion in Orders

Backed by Notable Investors such as Sandy Munro, Aptera Continues Growth


SOURCE: Aptera

SAN DIEGO – Feb. 9, 2021 – Aptera Motors announces it has closed its round of Series A funding, accepting a total of over $4 million. Aptera's continued momentum has now garnered it over 7,000 vehicle reservations in just over two months totaling a quarter-billion in orders. The Solar Electric Vehicle (SEV) company is backed by crowdfunders, private investors and automotive leaders such as Sandy Munro of Munro & Associates, Inc.

"I'm betting on a solar future, and I'm betting on Aptera," says the lean design expert. "The industry needs more creative engineering like this to progress ahead. I'm happy to be assisting Aptera as they move into production and beyond," comments Munro.

Earlier this month, Aptera moved into a new production design facility in the Sorrento Valley area of San Diego. Part of a 60,500 square foot campus, the facility will be home to Aptera's three completed vehicles and a team of development engineers. Areas of focus will be advanced 3D printing, composites, UI/UX development, and battery technologies development. As the company expands, Aptera will be evaluating additional locations for production facilities in San Diego and around the world.

"We're excited to have Sandy's support as we move into the Beta Design design phase of our Solar Electric Vehicles production plan. His decades of automotive knowledge and genius analysis of other EV players is great validation that we're on the right path," responds Chris Anthony, Co-Founder of Aptera.

First Published: 2021-02-18

Pages Viewed: 646

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