Aptera raises $40 Million for its Solar Electric Vehicle, production is set for later this year

Aptera announced that it collected 40 million dollars to bring its solar electric car with up to 1,000 miles of range to construction later this year. A lot of people got into electric vehicles for their adaptability or efficiency, and there’s nothing more adaptable than Aptera’s solar electric vehicle (SEV).

It was originally founded 17 years ago before being transformed into Aptera Motors Corp in 2019. Throughout its history the firm has disclosed numerous prototype 3-wheeler EVs, none of which were sold to the people. Aptera’s recent design was revealed in 2020 and is what its production car will be based on. It has an exceptionally low 0.13 drag coefficient and provides up to 1,000 miles of range.

Aptera’s solar electric vehicle

With an eminently lightweight three-wheel design and a drag coefficient (Cd) of only 0.13, the Aptera SEV can obtain 250 miles of range on a passably small battery pack and 1,000 miles with larger battery packs.

While solar on electric vehicles has been bounded to reverse vampire drain or add just a few miles of range, its electric car is so adaptable that by fitting up to 700 watts of solar power you can add up to 40 miles of range per day by just parking it outside. Add a beginning cost of just 25,000 dollars, and it’s enough to create a lot of publicity.

Last week Aptera managed to convert that publicity into over 22,000 reservations for the vehicle. Now it just needs to bring it to production, which is no easy task for a tiny startup, but now it’s at least a well-constructed startup. The company announced that it has received 40 million dollars in engagements for its recent round of resource-sharing.

They plan to use the money to bring its solar electric vehicle to production by the end of the year. Till then, the company is still taking bookings with a 100-dollar deposit.