Fambro hired Chris Anthony to be the COO shortly after founding the company. Ive seen it and actually bought the shares based as much on using a round number of shares purchased investing a few hundred over the $1,000 minimum. Get the full list, To view Aptera Motorss complete patent history, request access, Youre viewing 5 of 6 executive team members. [6] In a May 2020 update, the company announced it had increased its engineering team from 15 to 60 people worldwide, in 5 locations around the US and in 5 countries around the world. Apteras efficiency starts with its manufacture. Thanks for reaching out to us about this! Routing Number 123 Sandy Munro and Ozzy Akay are the most recent investors. Is there a way to track how much has been invested in at $10.50 per share? That device was the Segway which finally met its demise in 2020. The original company was founded by Steve Fambro in 2006 and was originally named "Accelerated Composites"; Fambro had formerly worked at Illumina as an electrical engineer. They figured out the importance of getting away from the rectangle shape. Document Control Number (DCN) TRE/9450.01_01(2014) Date of Last Update 08/28/14 . Some of the companies were woefully underfunded, while others produced or raised plenty of cash. You can always find disgruntled ex-employees to badmouth a company. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. Once I created my Aptera account, I cant see my investments inside account options. There may be many such companies named the same. Here are some assumptions we laid out regarding the urban mobility thesis. [62] By mid-2008, aerodynamic optimization using simulations and light-weight composite construction yielded a prototype which allegedly consumed only 80 Wh/mi (watt hours per mile) (50 Wh/km) at 55mph (89km/h), less than half the energy needed to propel either the EV1 or any existing Tesla . Save my name, email, and website in this browser for the next time I comment. Affordable build costs: with only 10 key structural components, the vehicle has a lower build cost than most other vehicles on the road today. level, another grand in December 21 and the $7,770 I just plunked down. 1 Aptera Found a New Place for Its Factory in Carlsbad, California 2 Aptera Luna Lands on YouTube Teasing Those Wanting to Move to Mars 3 Aptera CEO Presents the Sol and All That Makes This . Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. [26] On December 4, 2020, Aptera Motors revealed the first solar-powered Aptera prototype. [46] On the hybrid vehicle, it led to projections of 130 miles per US gallon (1.8L/100km) on gasoline alone, or 300mpgUS (0.78L/100km) if plugged in every 120 miles (190km). As we discussed in similar short attacks targeting Berkeley Lights and Ginkgo Bioworks, these reports need to be taken with a grain of salt. The design also called for a CVT and ultracapacitors, and sell for under US$20,000. This would make the Aptera the most efficient and the longest-range motor vehicle ever designed for mass production. The company folded before real-world crash test results were made. [7] In December 2020, they revealed the first solar-powered Aptera prototype and started taking reservations for it. I never ran across any such concern, though I wasnt about to drop a check in the mail. Win whats next. MS. MORGAN STANLEY. When the company announced the funding, it said it would start to sell its car by the end of the year. The web page doesnt let you go back. Doing the impossible - something no other automakers have been brave enough to do.Were harnessing the power of the sun to make life off the grid a reality for everyone. Publicly Traded Preferred Equity. If even only some of what the report said is true, we want absolutely nothing to do with this stock that waves more red flags than a Chinese military parade. One thing that is a little disturbing is while the site shows the dollar amounts and dates, it doesnt list the shares bought just the dollars invested and the dates. by Aptera Motors Corp. | Privacy Policy. Most of them are expected to close by Q1 or Q2 . At Aptera, we believe efficient transportation is at the heart of managing the Earths natural resources. Scrolling through her background on the press release on the Aptera website, one soon gets the impression . Aptera promotes that in this full configuration, you can gain "up to 48 miles/day" of range with solar charging, or about 10,000 miles/year in San Francisco or 7,500/year in a place like Boston. [47][42], The automotive X-prize competition was held in 2010 and Aptera's car entered but didn't finish the 50-lap trial, as its car overheated after 30 laps. Still an amazing opportunity at 8.80 I believe. Aptera stock is on offer to retail investors and should be avoided. [15], In their December 2021 video update, the company revealed they had over 8,000 investors, had started construction in their newly acquired factory space, and were "confident we will be able to begin supplying vehicles in the later part of 2022."[16]. Privacy Policy. I suggest a courteous email, to info@aptera.us with a description of your problem and a request for a solution, which is as much in their advantage as yours. However, in February 2020, the founders said their next vehicle will be a 4-wheeled, 5-passenger car. I am going to CC our investment team in this email to take a look into this. I got this error message; I can purchase a vehicle from here but I cant invest !? In fact, Buffett's Berkshire Hathaway ( BRK.A 0.51%) ( BRK.B 0.31%) owns roughly 39 million shares of USG's stock, which is a 26.7% stake in the company currently worth more than $1.1 billion . [65], By the time of the original company's liquidation in 2011, the company had abandoned development of the Aptera 2e and had started to design a 5-passenger, 4-wheeled EV sedan with a lightweight composite body and a projected 130-mile range. Could there be embellishment around the edges? The second report then went on to raise questions about battery technology and IP which seems too deep into the nitty-gritty. Three publicly traded eVTOL stocks expect to enter service in 2024 with varying degrees of likelihoods (probabilities assigned by SMG consulting). PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. View the investment terms and details to see how you can be a part of. The original company, Aptera Motors, Inc., was founded in 2005 and liquidated in 2011. Operator of a solar mobility company intended to produce innovative, efficient solar-electric vehicles. ", "Aptera Reveals First Never Charge Solar Vehicle", "Aptera Is Getting A Lot of Orders For Its 'Never Charge' EV", "Aptera Plans Micro-Factories and IPO in Nine to Eighteen Months", "Aptera Motors Corp 2021 Annual Report 1-K", "Solar is in Production with Maxeon Solar Cells", "Aptera, it's HUGE! and our Account Number: 123. Prior to the qualification of this Offering Statement, the company will effect a 30-for-1 stock split; all the share numbers in this Offering Circular, except in the financial statements and unless indicated otherwise, are on a post-split basis. [4], As of 2019, the Aptera had been redesigned to be a pure battery-powered electric vehicle (BEV) using under 100Wh per mile on the EPA test cycle, with a predicted EPA test-cycle range of up to 1,000mi (1,600km), with solar panels that could add up to 40 miles of range per day. Arrival, a U.K. based maker of electric commercial vehicles, is becoming publicly traded via a SPAC merger. I have a proof of transfer from my bank, but Aptera hasnt given me a proof of return. At least now they are admitting they still have my money. Looks like well have to wait a few years to see whos right. Electric vehicles are the future. A month later in January 2022 the San Diego Business Journal reported[17] their reservations had grown to over 16,000, their employees had doubled to 60 and they were looking to hire 470 more by the end of the year. In October 2022 they announced the number of reservations had grown to over 35,000.[19]. Aptera has raised a total of $100.9M in funding over 9 rounds. A whole lot more needs to come together after that for planes to be generating revenue by 2024. But there are two things that have kept most people out of the electric vehicle market. All rights reserved. The marketed fuel efficiency of 300mpgUS (0.78L/100km), when plugged in every 120mi (190km), would have made it one of the most fuel-efficient passenger vehicles in the world. Scan this QR code to download the app now. Most VCs who invested in eVTOL companies believe something similar that the eVTOL will enable urban air mobility and transform the transportation industry. Execution is what separates the wheat from the chaff. Since SolarCity is a full-fledged subsidiary of Tesla, it does not have a stock ticker of its own. Investors should ask themselves if a vertically integrated eVTOL business model is appealing. Just think, the most efficient car is about to be put into our hands, towering over Tesla, Lucid, etc. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. You can contact our support team via email at invest@aptera.us. The Swedish battery cell manufacturer Northvolt wants to go public. It has to be closed and re-start again. This is a profile preview from the PitchBook Platform. Neither PreIPO Buzz nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this site or the use of information on this site. ", "National Household Travel Survey Daily Travel Quick Facts", "Aptera Reveals Resurrection Details, Tech Specs: No Plans To Die Again", "Aptera - Modernizing Vehicle Design & Manufacturing - INVESTOR PRESENTATION", "Aptera upgrades its unique solar-charging EV", "Many Aptera 2022 reservation holders report delivery dates pushed to 2023-24, company claims to remain on schedule", "Aptera Announces Accelerator Program to Kick Off Production Plan", "Prototype gets 300 mpg, company says, qualifies for car-pool lane", "Aptera takes wraps off 200 MPG prototype car", "Aptera's 3-wheeler looks as if it could soar", "Automotive X PRIZE Announces First 30+ Teams in Multimillion Dollar Competition for 100 MPGe Vehicles", "Aptera Founders Ousted in Boardroom Showdown", "Tri, Tri Again for Aptera 3-Wheeler Loan From Feds | Autopia", "Aptera officially resubmits application for DOE loan Autoblog Green", "Automotive X Prize: Why some teams failed", "Futuristic Electric-Car Dream Dead? Until they do, were avoiding VIE structures like the plague. With the low investment costs potentially we are risking 1/3 grand for a potential of 20 -60 off our initial investment. Its a risk thats largely been ignored by the investment community thus far, and China has promised theyll rectify the problem. Heres what we had to say about the company in our piece on Lilium Stock: An Electric Jet Aviation Company: The plan comes together in 2024 when the company expects to produce 90 aircrafts which will automagically produce $246 million in the same year $29 million from transporting people via regional hubs (the air taxi model) and $217 million from selling their electric airplanes to companies such as Germanys own Lufthansa and Brazilian airline Azul which said theyll buy 220 aircraft in 2025. Since the start of the decade, a partial list of electronic vehicle failures includes Bright Automotive, AMP, Aptera, Coda, Detroit Electric, Fisker Automotive and LeEco. Side mirrors replaced rear-view cameras on the final prototypes, though one center-mounted camera remained. The share price rose from $61.30 a share. You are right Shento I can see us easily making 10x in 24 months. Of the three remaining SPACs on our list Joby Aviation, Archer Aviation, and Vertical Aerospace just one has a likely chance of having an aircraft in operation by 2024. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. I just signed up to invest 2 days ago. Credit card and bank transfer are much more appealing options. Of the companies were woefully underfunded, while others produced or raised of... Over Tesla, it said it would start to sell its car by the of... From my bank, but Aptera hasnt given me a proof of transfer from my bank, Aptera! Well have to wait a few years to see how you can always find disgruntled ex-employees to a! 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