Aptera Motors

Neutral
BETA

The world's first Never Charge solar vehicle!

Analytics

Raised to Date: $460,447

Aggregate Commitments $
Platform

Wefunder

Start Date

11/13/2020

Close Date

01/13/2021

Min. Goal

$100,000

Max. Goal

$550,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$40,000,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

11/25/2020

Days Remaining

45

% of Min. Goal

460%

% of Max. Goal

84%

Likelihood of Max
Avg. Daily Raise

$38,371

# of Investors

533

Momentum
Location

Sa Diego, CA

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Aptera Motors, with a valuation cap of $40 million, is raising crowdfunding on Wefunder. The company plans to create a low-drag aerodynamic vehicle for being more efficient than other vehicles. Aptera Motors already has the prototypes and the technology and is looking for funds to design, manufacture, and distribute the Aptera electric vehicle. Aptera Motors was founded by Steve Fambro and Chris Anthony in 2005 and has raised over $3.2 million since its inception. The current crowdfunding round has a minimum goal of $100,000 and a maximum goal of $550,000, and the proceeds will be used for vehicle development and engineering, tooling and production equipment, development vehicle testing, marketing, and business development. Aptera Motors expects to realize margins of 35% selling 10,000 units per year by 2022.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-224,487

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$190,382

$0

Accounts Receivable

$0

$0

Total Assets

$198,737

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
01/13/2021 Wefunder $40,000,000 $460,447 SAFE Active RegCF
03/31/2020 Wefunder $20,000,000 $561,080 SAFE Confirmed Closed RegCF

Ratings

last updated 11/29/2020

Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
Other Deals

Dollaride on Republic

The Dollaride team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for…

Crowd
Upshift on Republic

Upshift has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
Liberty Access Technologies on StartEngine

The Liberty Access Technologies team has been selected as a “Deal to Watch” by KingsCrowd. This distinction is…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add Aptera Motors on Wefunder
Follow company
Follow Aptera Motors on Wefunder