Aptera Motors, Inc. Receives $24,000,000 Series C Round

  • Feed Type
  • Date
    7/24/2008
  • Company Name
    Aptera Motors, Inc.
  • Mailing Address
    Undisclosed Carlsbad, CA 92010
  • Company Description
    The company is developing a futuristic hybrid automobile.
  • Website
    http://www.apteramotors.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $24,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    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.
  • M&A Terms
  • Venture Investor
    Idealab
  • Venture Investor
    Google, Inc.

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