Aptera Motors, a pioneer in solar electric vehicles, is seeking $60 million through a convertible debenture offering to drive its mission of sustainable automotive innovation. Aptera’s vehicles, designed with groundbreaking aerodynamics and lightweight materials, consume 75% less energy than traditional electric vehicles. The integrated solar technology allows for up to 40 miles of driving daily on solar power alone, mitigating the need for regular charging.
The funds will be used to enhance Aptera’s production capabilities at its 77,000 square foot facility in Carlsbad, CA, with a target of producing 10,000 vehicles annually by 2025 and scaling to 20,000 by 2026. With 48,000 pre-orders totaling over $1.7 billion and a record $135 million raised from 17,000 investors, Aptera is well-positioned to meet growing demand in the expanding EV market.
This convertible debenture offers a compelling investment with a 12% coupon rate, a 20% conversion discount, and a 24-month term. As the US EV market is projected to reach $161.8 billion by 2028, investing in Aptera provides an opportunity to be part of the future of sustainable transportation.
For further information and investment inquiries, please contact info@auroracapital.us or leave a comment in our Contact section, and one of our Principals will respond promptly.
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