Aptera Motors, Inc. Receives $24,000,000 Series C Round
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=935bbb6c-0242-4701-a322-f9b16d7c4bec&Preview=1 -
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.
