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Aptera to close crowdfunding and begin Solar EV production with the help of a private financial group

Aptera crowdfunding

Solar EV startup Aptera Motors announced it is leaving its “crowdfunding nest” of sorts, putting a bookend on three years of its Regulation A offering to pursue private funding. The startup shared a deadline for public investors while it engages in discussions with private financial group US Capital to help (finally) get its solar EVs into scaled production.

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Aptera begins offering the public an opportunity to invest in its solar tech via self-directed IRA

invest Aptera

Solar EV startup Aptera Motors has announced a clever new demand lever to get more of the public to invest in its technology en route to initial vehicle production later this year. Starting today, you can now invest in Aptera through a self-directed IRA. If you don’t know what a self-directed IRA is or do not have one yet, no worries; Aptera has the steps in place to walk you through it.

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Aptera to sell its solar EVs in the UAE, beginning with 53 exclusive ‘Union Editions’ with ‘Solar Chill’

Aptera UAE

Just weeks after announcing plans to showcase its solar EV technology to the public in the United Arab Emirates (UAE), startup Aptera Motors is taking things a step further. The company recently shared intentions to begin selling its nascent vehicles in the UAE, kicking off the new market entry with 53 production builds of an exclusive “Union Edition” model for early adopters in the Middle East.

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Aptera to showcase solar EV tech in the UAE as it preps its first production-intent builds [Video]

Aptera production-intent

Aptera Motors has just delivered its first solar EV to a customer. April fools! Yes, it is now April, which means we get another video update from Aptera. This month’s progress update recaps a recent visit to France, details an upcoming trip to the United Arab Emirates, and talks about the status of Aptera’s first production-intent solar EV builds. Watch the video in full below.

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Aptera’s latest update teases its solar EV app, battery tech, and delivery timelines [Video]

Aptera update

Solar EV startup Aptera Motors continued its welcomed level of public transparency today, posting another progress update video for February, offering some juicy details. Aptera co-founder Steve Fambro walks you through the first glimpse at the upcoming Aptera app, which promises several cool features; plus, we get a look at some Solar EV battery packs and some hints at how safe the production vehicle will be. You can learn more in the full video below.

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Aptera sells all 2,000 production slots of its Launch Edition solar EV, raising nearly $34 million

Aptera production

We are just over one year removed from the initial launch of solar EV startup Aptera’s Accelerator program, which was implemented to not only get customers to commit to their SEV purchase fully but also help give the company some financial runway as it inches toward scaled production. It may have taken longer than anticipated, but the program succeeded, raising nearly $34 million.

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Lightyear shelves solar EV plans, hires executives to spearhead solar systems for other OEMs

Lightyear solar EV

Star-crossed startup Lightyear has finally thrown in the towel on attempting to bring its long-promised solar EVs to market – at least one donning its own badge and design language. The startup’s founding CEO, Lex Hoefsfloot, has been replaced as the born-again startup pivots toward solar panel development to be implemented on other companies’ vehicles. That, frankly, is just not as sexy.

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Aptera shares a juicy progress update toward reaching scaled solar EV production [Video]

Resilient startup Aptera is back with a robust progress update after a busy summer promoting its upcoming solar EV by the same name, ahead of planned production next year. The company has posted not one, but two videos updating its fanbase about its progress, which appears to be coming along quite nicely. Could it be the first to successfully reach scaled solar EV production?

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This team is attempting to take a solar electric truck atop the highest active volcano on Earth

electric truck volcano

Three men from Switzerland have formed the Peak Evolution Team with the goal of conquering the summit of Ojos del Salado in Chile – the world’s highest active volcano – in a solar electric truck, with the help of Austrian logistics company Gebrüder Weiss. The custom-built solar EV is on its way to Chile, and if the team proves successful, it will have achieved a world record that will quite literally bring the electric vehicle to new heights.

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Solar powered cars: A 70 year-old idea that has yet to reach its full potential

Solar car

Nearly 70 years ago, the idea of a viable solar car concept was introduced to the world in Chicago, Illinois. While these vehicles started small (literally), they have progressed alongside the sustainable technology segment to a point where scalable solar electric vehicles are closer than ever, but there’s still plenty of room for innovation.

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Aptera offers solar EV production update: Tooling progresses, but more funding needed [Video]

In true Aptera fashion, its cofounders shared a video update outlining the company’s progress in bringing a solar EV into scaled production. The webinar which debuted live this morning can be viewed in full below and offers a slew of news surrounding grants, funding, tooling overseas, and solar development. Here’s the latest.

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Aptera secures first fleet order for 101 solar EVs with intentions for 100,000 more in the future

Aptera fleet

Solar electric vehicle start-up Aptera Motors has announced its first fleet order from SustainabilitySooner, Inc. The initial pre-order is for 101 of Aptera’s 400-mile range solar EVs and is expected to deliver millions in future revenue. However, what may be more exciting is the prospect of future fleet orders as SustainabilitySooner looks to eventually operate a fleet of over 100,000 SEVs.

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Aptera extends Accelerator program, 1,400 slots for Launch Edition builds remain open

One day after announcing the official award of a $21 million grant in California, Aptera Motors looks to garner additional funds from its Accelerator investment program in exchange for access to the first 2,000 commemorative builds of its Launch Edition solar EVs. There is still plenty of room to invest and snag one of the first 2,000 Apteras built.

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Aptera awarded $21M grant from California Energy Commission to help bring solar EVs to production

Aptera Production

Solar electric vehicle startup Aptera Motors shared encouraging news today as it has been awarded a grant from the California Energy Commission (CEC) to the tune of $21 million. The grant comes as welcomed news for Aptera as it looks to reach scaled production of its namesake solar EV as one of the few startups left trying to successfully scale the sustainable technology for the masses.

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Sono Motors officially sunsets Sion EV, will focus solely on B2B solar tech

Sono solar

German solar technology startup Sono Motors has officially thrown in the towel on its Sion solar passenger EV program following an inspiring but unsuccessful crowdfunding campaign called #SaveSion. The pivot puts the company’s entire focus on its Sono Solar tech business, which has previously found success with third party customers around the world. While Sono should be alright, its abandonment of solar EV development is yet another chapter in a sad tale about how hard it is to scale the technology without billions in funding.

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Lightyear tries to claw back from bankruptcy as new company using Solar EV tech as collateral

Lightyear bankruptcy

Less than a month after declaring bankruptcy, the remaining team at Lightyear has announced plans for a new company entirely focused on getting its short-lived Lightyear 2 into production. The solar EV startup says it has raised a “solid capital base” from a community of investors to continue solar EV development, but at the risk of its intellectual property (IP) as collateral.

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Aptera’s clever new community funding program prioritizes your SEV delivery the more you invest

Aptera funding

One week after sharing details of its Launch Edition Solar EV, Aptera Motors has announced a community funding program called Accelerate Aptera, hoping to raise between $20 and $50 million. By investing a predetermined minimum, reservation holders have a better chance at receiving delivery of one of the 2,000 Launch Edition Apteras planned. Better still, the person who invests the most on the leaderboard (yes, there’s a leaderboard) locks in delivery slot #1.

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The future of solar EVs dims: Lightyear is bankrupt, Sion fights for its life, Aptera on the brink

Solar EV

It’s been a real tough month for the few but extremely innovative solar EV companies out here. Having just announced a shifting of its business strategy and a request to suspend all payments to its operating company, Lightyear has officially declared bankruptcy. Sono Motors’ flagship solar EV, the Sion, is staring down a similar barrel, as the startup fights to raise more funds to keep it alive. Meanwhile, Aptera has a production-intent design, but still needs millions of dollars to get it to production.

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