Aptera Moves One Step Closer to Production of Its Ultra-Efficient Typ-1 Vehicle

CARLSBAD, Calif. --(Business Wire)-- Aptera Motors announced today that the company has raised more than $24 million at the close of its Series C round of venture funding. The new funds will be used to start initial production of its Aptera Typ-1, a radically different vehicle designed to marry advanced aerodynamics with light-weight composite technology creating an incredibly powerful, yet extremely safe vehicle that is a joy to drive. Additionally, the company plans to use the newly raised funds for a new manufacturing facility located in Vista, Calif., just a short distance from the company's present headquarters in Carlsbad. "We're excited that the tremendous demand that we've received from the thousands of individuals who have pre-ordered their Aptera Typ-1 has been matched with a strong endorsement from our investment... [read full story]