Aptera, the company making a super-efficient electric vehicle with ranges up to 1000 miles, had some great news to report as it pushes toward production later this year or early the next. Orders are still piling in, and investors (including a prominent automotive expert) are putting cash into the company.
“I’m betting on a solar future, and I’m betting on Aptera,” said Sandy Munro, the lean design expert who recently has been giving Tesla high praise. “The industry needs more creative engineering like this to progress ahead. I’m happy to be assisting Aptera as they move into production and beyond.”
He’s just one of the company’s investors so far. The company recently closed out a $4M Series A round, so it’s clear that at least a few other investors think Aptera is worth a shot, and they likely were encouraged by Munro’s support for the company.
“We’re excited to have Sandy’s support as we move into the Beta Design design phase of our Solar Electric Vehicles production plan. His decades of automotive knowledge and genius analysis of other EV players is great validation that we’re on the right path,” said Chris Anthony, Co-Founder of Aptera.
More importantly, though, the company has 7,000 customers so far who were willing to lay down cash to order a car. When these sales are complete, they will total $250 million dollars. Seeing a company with over a quarter of a billion dollars ready to flow speaks for itself rather loudly, especially if you’re an investor. Everybody and their dog has an idea, but few people are in a position to prove that there’s interest in paying for it.
Aptera is clearly getting to the point where the industry and investors are taking it seriously, so its chances of success must be pretty good!
For those just tuning in about this company, Aptera has an interesting history. Some of CleanTechnica’s earlier articles were about the company back when it planned to build a hybrid vehicle that would get 300 MPG. The vehicle looked promising, even attending events in Washington, DC and gaining the support of Congress and President Obama to get a government loan to get started.
Unfortunately, for a variety of reasons, the company wasn’t able to get the loan and couldn’t attract enough private investment to get into production a decade ago. A Chinese company bought the rights and said they’d built them, but they never got it done, either.
More recently, the company was formed again by its original founders and they announced that they’d build an all-electric vehicle shaped like the original, and with enough solar panels on it for many owners to not need to charge the car (most of the time, at least). That new announcement generated a lot of excitement, but their technology presentation a few days later gave us a lot more details about the vehicle.