Aptera Motors (NASDAQ: SEV) is a publicly traded Next-Gen EV & Vehicles company founded in 2019 and based in Carlsbad, United States.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Mar 12, 2026 | Public offering and warrant exercises | $17.1M | — | — |
Aptera Motors reported Q2 2026 GAAP net loss of $10.9 million, an improvement from $12.1 million loss in Q2 2025. First-half 2026 GAAP net loss was $21.1 million versus $22.9 million year-ago. The company reported adjusted net loss (non-GAAP) of $7.2 million for Q2, excluding $3.7 million in stock-based compensation and a litigation settlement charge. Operating expenses declined to $11.2 million from $13.9 million year-over-year. Operationally, Aptera received EPA Certificate of Conformity for its 2026 Launch Edition in June, established a RepairPal partnership for nationwide service coverage, and placed purchase orders for bodies and chassis for its first 40 production vehicles. The company ended Q2 with $10.1 million cash, raised $6.0 million post-quarter via warrant inducement, and has approximately 50,000 reservation holders. Year-to-date 2026 capital raised totaled $24.6 million. Management estimates $40–45 million additional funding needed for initial low-volume production.
Estimated $40–45 million required to fund initial low-volume production phase
Aptera's namesake vehicle is a two-seat, three-wheeled solar-electric car built for extreme aerodynamic efficiency, with an exceptionally low drag coefficient and a teardrop-shaped composite body. Solar panels integrated across the hood, dash, roof, and tail can generate roughly 40 miles of range per day in good sun, and the battery can deliver up to about 400 miles when plugged in. The design aims to let many drivers cover daily commutes on sunlight alone, minimizing reliance on charging infrastructure, and is the company's sole product as it pursues mass production.
9 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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