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Aptera Edging Closer for Funding to Start Production

27 Aug 2022 | Abstracted from Teslarati

"...most recent SEC filing, the company would need $50 million to start production on their upcoming car. But they might have secured nearly half of that funding via a California state grant...while this funding would not completely cover the company's financial needs, it gets them ever closer to production readiness...Aptera [reportedly] has also applied for a federal loan of over $100 million that would cover their needs to start..."

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