We havent lost money yet, just trying to understand if this gives us more information about the number of shares sold, expected discounts to be paid out, etc. Aptera was created from the ground up with one purpose in mind energy efficiency. [59], In late 2008, Aptera announced that the Aptera Typ-1 would receive several design changes and would be renamed the Aptera 2e. You can contact our support team via email at invest@aptera.us. Later that year, Aptera signed up to participate in the Progressive Insurance Automotive X Prize. This estimated range was achieved by using lightweight resin composite materials in a body with a unique aerodynamic design. When an investor purchases units in a PTP, then this person becomes a limited partner. An offering statement relating to Aptera Motors Corp's Class B Common Stock has been filed with the Securities and Exchange Commission and became qualified on August 29, 2022. The body shape was initially estimated to have a drag coefficient ofCd=0.055 to 0.06, and would have sported a 12 horsepower (9kW) diesel engine and a 24 horsepower (18kW) permanent magnet DC motor. Its businesses include processing cereal grains, oil seeds, and agricultural storage and transportation. [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. I wonder if it's still a good entry point today at $10.50? Buying an Aptera is no longer an option for me for a number of reasons but I did give myself a consultation prize by purchasing around $2000 worth in shares. The Securities may be traded over-the-counter to the extent any demand exists. [26] On December 4, 2020, Aptera Motors revealed the first solar-powered Aptera prototype. Quora is a place where people can ask questions that matter to them and get answers from people who have had the same experiences. BMW Bloch. But there are two things that have kept most people out of the electric vehicle market. If you have any questions or need further assistance in funding your commitment, please contact invest@aptera.us. However, I almost feel like we wont until they announce the SPAC they are going to use. Unless you are prepared to lose your money if the they dont accept your investment, dont give any money to Aptera, July 20, 2022 Dear Deborah Ann Gorman, This notice serves to inform you of the cancellation of your $10,000.40 investment in Aptera Motors Reg A with Aptera Motors Corp. [54], The Mk-0 technology-demonstration vehicle was built to confirm the effectiveness of the design, and in the words of co-founder Chris Anthony, just to show people that we weren't full of crap.[55] Due to its higher-than-expected drag coefficient of 0.11, it only achieved 230mpgUS (1.0L/100km) at 55mph (89km/h). This year I doubled my investment to help bolster APTERAs need for cash. Also as of the end of 2021 they reported they had $23,259,441 in total assets (compared to $1,201,072 in 2020) and a net loss of $18.9 million in 2021 (compared to a loss of $4.2 million in 2020). Says Iceberg Research: Both Joby and Lilium hope aviation authorities will certify their eVTOLs for commercial flight in 2023. Hertz Global Holdings Inc. shares swung violently in their first session since the company emerged from bankruptcy on Wednesday. Affordable build costs: with only 10 key structural components, the vehicle has a lower build cost than most other vehicles on the road today. ACH Transfer Details. Niche advantages in the space: designed for efficiency, affordability, and safety rather than aesthetic appeal (though I still think the car looks pretty cool), Aptera could carve itself a niche in the electric vehicle market. I consider timing is everything in the marketplace and the price of the product a close second. They plan to produce 1,000 vehicles in the first few months of production. [50] By that time, the company had abandoned the three-wheeled model and was working on a mid-sized four-wheeled four-door sedan. The investment is suitable only for persons who can afford to lose their entire investment. 000000000. 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. [40] However, Aptera Motors maintains that Aptera translates to "wingless flight". Canva was founded in 2012 by Melanie Perkins, Clifford Obrecht, and Cameron Adams. There will be a new round of SAFE investments pre IPO through Wefunder/Aptera. To get started right away, the first 2000 vehicle reservations are ranked by investment amounts $10,000+ now through March 26th. Sorry, I still dont get this right. Another company, Aptera Motors, . Not only have I reserved an aptera among the first few hundreds but I also just made my 5th ? Aptera is looking to earn a significant portion of that growth. I had the check written out and was going to mail it but had a sinking feeling in my stomach and threw it in my fireplace. Preferred Cusip Equity. I found a couple of repetitive issues during the process. View the investment terms and details to see how you can be a part of. Dozens of Chinese tech companies have floated in the United States and turned out to be stock promotions. Its not necessarily about how good the Delta is going to be, but when will it be finally developed and the actual cost of the final product. I appreciate your suggestion and will email them. Aptera sent out an email prior to closing the previous rounds. Unfortunately, the new management team set the company on a path that required a $400M+ loan from the Department of Energy. And considering the affordable price point, that figure doesnt feel that far fetched. The reception, the number of reservations, the technical and patent IP, the lean manufacturing process, the timeliness (CAs grid issues) all conspire to give me the deep feeling this venture is going to succeed because we all need for it to succeed. Electric vehicles are the future. Take My Money, Please ! and our These statements reflect managements current views with respect to future events and are subject to risks and uncertainties that could cause the companys actual results to differ materially from those contained in the forward-looking statements. I never ran across any such concern, though I wasnt about to drop a check in the mail. 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. In this Offering Circular, the term "Aptera" or "the company" refers to Aptera Motors Corp., a Delaware corporation. The second time always works. If a short seller takes the time to do this level of investigative reporting and finds red flags, were not going to assume they made the entire thing up. If Aptera can obtain sufficient funds to get into Production via WEFUNDER or similar sources, it may stay private; which means no stock symbol and publicly traded shares. Investors should ask themselves if a vertically integrated eVTOL business model is appealing. Welcome to OurGlobal Community of Tech Investors. Its design includes two 50 KW wheel hub motors with an EPA-test-cycle estimated range of over 1,000mi (1,600km), from a 100 kWh battery pack. In 2019, the company, Aptera Motors, was re-formed by the original founders, Chris Anthony and Steve Fambro, as Aptera Motors Corp.[2] It used a crowdfunding campaign[3] to restart development of what aims to be the most efficient road vehicle in production. level, another grand in December 21 and the $7,770 I just plunked down. [30] The company's Frequently Asked Question page states first customer deliveries as happening in "late 2022" for the Paradigm Edition. If your investment did go through, it takes several days before it will show up in Carta. I certainly wouldn't have given them my money if I . I certainly wouldnt have given them my money if I thought they would fail. What do I do now? [38], In 2006, the company announced it had a three-wheeled car design that would get an estimated 330 miles per US gallon (0.71L/100km) at 65mph (105km/h) and in March 2007, it showed a prototype called the typ-1 at the TED Conference. Not true. Putting the VIE risk aside, EHang seems to have the revenue growth that would prove traction, though its recently stalled over the past three quarters along with their share price. The company originally was going to name the US company "Zaptera USA" and it displayed a prototype 2e next to a Zap Jonway car at the Beijing Motor Show; the close association with Zap was met with protest by electric-car enthusiasts and by May, the company said it would call the company Aptera USA and would keep it separate from Zap Jonway. The resulting vehicle is estimated to require less than 100 Wh of energy per mile, making it about 2.5 times as energy efficient as a Tesla Model 3, with half the Model 3's passenger capacity but more cargo space than the Model 3.[20]. Why the first uploads werent accepted. Cash distributions decrease and are commonly dispersed quarterly. There isnt log off option. Also, an investment in a publicly traded partnership is as fluid as ownership of a publicly traded stock. Perhaps choosing to manufacture aircraft only doesnt provide a compelling enough growth story which is why we see all eVTOL companies adopting some form of vertically integrated business model. Please allow a few minutes for this process to complete. And investor if I, or you, can figure out a way to let us in Hawaii invest ! It has to be closed and re-start again. Not yet Riley. By accessing this site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. They invite the general public to subscribe to the company's shares and become shareholders. New Frontier Media, which oversees nine adult-themed pay-per-view . MS. MORGAN STANLEY. As our supply chain becomes more established, well ramp to 250 per month, and eventually reach our target of producing 40 vehicles per day.". A New York Times reporter contacted the DoE, which said that it had not committed to loaning the company any money. 3 months ago they said it would be done promptly. SPACs can be used as a tool by public and private companies to raise funds for the purpose of an acquisition. Multiple solar panel, motor, and battery configurations are planned, with estimated ranges from 250 to 1,000mi (400 to 1,610km), initially priced from $25,900 to over $47,000. For a complete description Aptera's capital stock, you should refer to our Amended and Restated Certificate of Incorporation and . They may need to close the current round and then simply open another or raise the cap on the current round. Personalize which data points you want to see and create visualizations instantly. You can always find disgruntled ex-employees to badmouth a company. Privacy Policy. 97.70. Further Im convinced the expression of interest by just a portion of the small investors in the wake of the Gamma reveal will be interpreted by large investors as a measure of this vehicles profit potential. 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. I agree. I wish they'd get the attention and backing they very much deserve. The company in its current form was founded in March of 2019. The difference here is that were dealing with a Chinese firm thats already opaque to begin with. Embedded solar cells have been designed to contribute an estimated additional 41mi (66km) per day from sunlight under optimal conditions. Press question mark to learn the rest of the keyboard shortcuts. Tech investors who are tenured enough to recall the dot-bomb days may also remember the hype surrounding a personal transportation device that was said to disrupt walking. [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. Get the full list, To view Aptera Motorss complete acquisitions history, request access, To view Aptera Motorss complete subsidiaries history, request access, Morningstar Institutional Equity Research, Adhesively bonded, decorative solar panel and method of manufacture thereof, System and method for solar cell arrangement on the dashboard of a vehicle, System and method for solar cell arrangement on a vehicle, Co-Founder, Co-Chief Executive Officer & Board Member. 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. As we discussed in our Big Bear Thesis for Ali Baba Stock, VIEs are opaque legal structures based in places like the Cayman Islands where shareholders dont have a legal right to the shares they think theyre holding. Blade Air Mobility has shown that demand for shorter fixed routes exists, but their total addressable market (TAM) estimates are based on what people say in a survey. Some of the companies were woefully underfunded, while others produced or raised plenty of cash. "[28] However, in September Chris Anthony stated that COVID did cause delays getting parts for the prototypes and getting the prototypes built. Do to new banking regulations regarding Reg A investments, our escrow agent is no longer able to operate in Hawaii. 5. . If Aptera can obtain sufficient funds to get into Production via WEFUNDER or similar sources, it may stay private; which means no stock symbol and publicly traded shares. I have invested twice in the last month. Aptera is a company that seeks to address both those issues by providing an electric vehicle thats economical (entry price point is projected to be in the high $30ks) and has a 1k+ mile range on a single charge. Last year, Porsche sold and delivered 302,000 cars at an average selling price considerably above $100.000. I still believe in the company. In addition to trading individually in the form of stock shares, public equity is also used in mutual funds, exchange-traded funds, 401(k)s, IRAs, and a variety of other investment vehicles. Three things that investors should take note of: RISK DISCLAIMER: Before deciding to participate in any invest including a Pre-IPO, you should carefully consider your investment objectives, level of experience and risk tolerance. Note: This document is not an official pronouncement of law, and cannot be used, cited or relied upon as such. Thanks for reaching out to us about this! What happens once you invest and how can we stay on top of it to make sure we get in on it. And think about that the fact that with everyday commuting, you may never have to plug it it. We delivered two, five and seven passenger-grade AAVs abroad in 2018, 2019 and 2020, respectively. , that figure doesnt feel that far fetched new management team set company. Investment terms and details to see and create visualizations instantly assistance in funding your commitment, please contact invest aptera.us. Place where people can ask questions that matter to them and get answers from people who have had the experiences... Document is not an official pronouncement of law, and Cameron Adams for... Check in the mail is everything in the mail new round of SAFE pre... Site and any pages thereof, you agree to be stock promotions which points... Do to new banking regulations regarding Reg a investments, our escrow agent is no longer able operate! 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