Aptera Motors
CARLSBAD, California, United States · Automotive, Electric Vehicle, Energy
Aptera designs electric vehicles with extreme efficiency, using low-drag aerodynamics inspired by nature, able to travel 1,000 miles on a single charge and power themselves just by being parked in the sun. Aptera's purpose, our drive, is to bring freedom to people and the planet, and that's what keeps us accelerating into the future.
Key facts
- Headquarters
- CARLSBAD, California, United States
- Employees
- 88
- Industries
- Automotive, Electric Vehicle, Energy
- Status
- Public (SEV)
- Website
- aptera.us
- Company page
Recent activity at Aptera Motors
- : SEC 8-K (8.01): On October 1, 2026, the Company announced significant updates to its estimated capital requirements and production timeline, mainly driven by a strategic partnership with Shanghai Launch Automotive Technology Co., Ltd. The revised capital estimate for starting production has dropped to approximately $25 million from a previous range of $40 million to $45 million. This aligns with the Company's plan to produce its first 40 vehicles by the end of 2026 and to initiate customer deliveries in early 2027. Furthermore, the overall estimated capital requirements have decreased from $180 million to about $115 million due to anticipated efficiencies from the partnership. The company anticipates that these changes will allow for a more manageable funding structure to support its operational objectives.
- : Aptera Motors Forms $44M Partnership with Launch Design to Begin Solar EV Production by Q4 2026.
- : Aptera Motors Enters Strategic Partnership with Shanghai Launch Automotive
- : SEC 8-K (1.01):
- : SEC 8-K (7.01): On August 20, 2026, Aptera Motors Corp. announced its entry into a Strategic Partnership Agreement with Shanghai Launch Automotive Technology Co., Ltd. This agreement marks a significant collaboration in the automotive sector, potentially enhancing both companies' technological capabilities and market reach. The partnership is expected to leverage Shanghai Launch's technological expertise alongside Aptera's innovative vehicle designs, aiming for strategic growth in emerging markets. Details on financial contributions or specific terms of the partnership have not been disclosed, but the announcement indicates a forward-thinking approach to automotive sustainability and performance.
- : SEC 8-K (5.02): On August 11, 2026, Aptera Motors Corp. increased the size of its Board from four to five members, appointing Mr. Wellington J. Reiter as an independent director to fill the new vacancy. Alongside his directorial duties, Mr. Reiter was designated as a member of the Audit Committee, also effective August 11, 2026. As part of his appointment, he received 210,045 restricted stock units under the Company’s 2025 Omnibus Equity Incentive Plan, which includes a fully vested annual retainer of 22,831 RSUs valued at $50,000 and a long-term incentive grant of 182,648 RSUs valued at $400,000, vesting over four years. This strategic move aims to strengthen the governance and oversight capabilities of the Company.
- : SEC 8-K (7.01):
- : Aptera forms partnership for nationwide repair network for its solar electric car.
- : SEC 8-K (1.01): On July 10, 2026, Aptera Motors Corp. entered into a Warrant Inducement Agreement with holders of certain existing warrants. This agreement allows the Holders to cash exercise warrants for up to 2,880,000 shares of Class B common stock at a reduced price of $2.07, generating approximately $5.96 million in gross proceeds. In exchange for this exercise, the Company will issue new warrants to purchase 4,320,000 shares at an exercise price of $2.25, which will expire in 2032. The Company has agreed to file a resale registration statement by August 12, 2026, with certain restrictions on issuing new shares until that date.
- : SEC 8-K (8.01):
Aptera Motors funding history
| Date | Round | Amount |
|---|---|---|
| Nov 2025 | Post-IPO Equity | $75.0M |
| Sep 2024 | Seed | $200K |
| Jun 2024 | Seed | $134K |
| Jun 2023 | Seed | $79K |
| Oct 2022 | Seed | $709K |
Leadership
- Steve Fambro, Executive Officer, Director
- Chris Anthony, Executive Officer, Director
Verified email and direct lines for Aptera Motors’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Aptera Motors files 3 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Aptera Motors in the news
- Aptera Motors Resolves Legal Matter with Zaptera USA, Inc. - Yahoo Finance (Apr 14, 2026)
- In spite of recent selling, insiders at Aptera Motors Corp. (NASDAQ:SEV) are the largest shareholders; own 62% shares - Simply Wall Street (Jan 19, 2026)
- Aptera's Solar Electric Vehicle at the Consumer Electronics Show (CES) 2025 - PR Newswire (Nov 26, 2024)
- Solar-Powered Cars and Trucks Are Almost Here - WSJ (Sep 18, 2025)
- Sleek, Futuristic Solar Car Is Designed For Daily Driving - CleanTechnica (Jun 26, 2026)
- Aptera Motors Drives First Five Validation Vehicles Off the Line - The Globe and Mail (May 12, 2026)
- Aptera presents the ‘launch edition’ of its solar trike - electrive.com (Jan 23, 2023)
- Aptera Motors (NasdaqCM:SEV) Stock Price - Simply Wall Street (Oct 17, 2025)
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About Aptera Motors: questions and answers
What does Aptera Motors do?
Aptera designs electric vehicles with extreme efficiency, using low-drag aerodynamics inspired by nature, able to travel 1,000 miles on a single charge and power themselves just by being parked in the sun. Aptera's purpose, our drive, is to bring freedom to people and the planet, and that's what keeps us accelerating into the future.
Where is Aptera Motors headquartered?
Aptera Motors is headquartered in CARLSBAD, California, United States.
How many employees does Aptera Motors have?
Aptera Motors has about 88 employees.
Has Aptera Motors raised funding?
Yes. Fundz has recorded 5 funding events for Aptera Motors. The most recent, Post-IPO Equity of $75.0M, was in Nov 2025.
What is the latest news on Aptera Motors?
On Oct 01, 2026, SEC 8-K (8.01): On October 1, 2026, the Company announced significant updates to its estimated capital requirements and production timeline, mainly driven by a strategic partnership with Shanghai Launch Automotive Technology Co., Ltd. The revised capital estimate for starting production has dropped
Is Aptera Motors a public company?
Yes. Aptera Motors is publicly traded under the ticker SEV.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy