Aptera cuts capital estimate to reach production to $25 million

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Go back to Aptera cuts capital estimate to reach production to $25 million

Aptera Significantly Reduces Estimated Capital Requirements for Production

October 1, 2026 8:00 AM EDT

Approximately $25 Million Estimated to Reach Start of Production, Down from $40 to $45 Million Previously EstimatedFirst 40 Production Vehicles Planned to Begin Building by the End of 2026; Customer Deliveries for Early 2027, Subject to Timely FinancingApproximately $65 Million Estimated to Reach 500 Vehicles Per Month, the Production Rate at Which Aptera Believes It Could Become Self-Sustaining

CARLSBAD, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (Nasdaq: SEV) (Aptera or the Company), a solar mobility company advancing ultra-efficient transportation, today announced that it... More