Aptera Motors

Neutral
BETA

The world's first Never Charge solar vehicle!

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Wefunder

Start Date

11/13/2020

Close Date

12/20/2020

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
Funded
Reporting Date

12/31/2020

Days Remaining
Funded
% of Min. Goal

1,070%

% of Max. Goal

195%

Likelihood of Max
Funded
Avg. Daily Raise

$28,919

# of Investors

2,088

Momentum
Funded
Location

Sa Diego, California

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
12/20/2020 Wefunder $40,000,000 $1,070,000 SAFE Confirmed Closed RegCF
03/31/2020 Wefunder $20,000,000 $561,080 SAFE Confirmed Closed RegCF

Ratings

last updated 12/20/2020

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