Aptera Motors

World's Most Efficient Vehicle

Company Information

Website:

http://www.Aptera.us

Sector:

Electric Vehicles

Location:

San Diego, CA

Aptera Motors has created the most efficient vehicle on the market. Its electric vehicle can travel over 1,000 miles on a single charge.

This company originally launched in 2005. It created an initial prototype of a fuel efficient vehicle and received investments from NRG Energy and Google.

After additional financing opportunities fell through, the company decided to temporarily shut down and re-visit its strategy. Now Aptera Motors is back and developing a line of aerodynamic electric vehicles.

Its vehicles are built with superior aerospace-quality composites and have a low rolling-resistance design. Because its vehicles are constructed with just 10 key structural parts, the company can manufacture products faster and more affordably than its competitors.

Aptera aims to begin sales of its vehicles in 2020.

Team Background

Steve Fambro - CEO
Chris Anthony - CEO

Co-Investors

Google

An internet services company and the world's most widely-used search engine.

NRG Energy

An electronics and energy company.

Raising
$1.07 million
Committed
$556K (52%)
Current Valuation
$20 million Cap / 0% Discount
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
  • $9.80 million
    2010-04-15
    NRG Energy
    (Venture Round)
  • $24 million
    2008-07-25
    Google
    (Series C)
Notable Investors
  • Google
  • NRG Energy
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