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Solar electric vehicle start-up Aptera Motors has announced its first fleet order from SustainabilitySooner, Inc. The initial pre-order is for 101 of Aptera’s 400-mile range solar EVs and is expected to deliver millions in future revenue. However, what may be more exciting is the prospect of future fleet orders as SustainabilitySooner looks to eventually operate a fleet of over 100,000 SEVs.

As one of the few remaining solar EV start-ups left in the world and the closest to reaching scaled vehicle production, Aptera Motors has been pulling out all the stops in recent months to ensure it can deliver its potentially revolutionary technology to its loyal reservation holders.

While debuting its Launch Edition solar EV this past January, Aptera’s cofounders shared that the start-up still required tens of millions in additional funding to officially begin production. A week later, Aptera launched its Accelerator program to raise additional funds from reservation holders willing and able to invest at least $10,000 to secure their spot in the delivery line, prioritized by whoever donates the most.

Last week, we shared news that Aptera had nixed the late March expiry for the Accelerator program, extending it until all 2,000 of the first SEV build slots are spoken for. Aptera shared it intends to use those funds to make necessary production equipment purchases that will be reimbursed through a recently awarded grant from the California Energy Commission to the tune of $21 million.

Today, Aptera Motors is reporting it has the potential for millions in future revenue, thanks to a fleet pre-order from SustainabilitySooner, Inc.

Aptera fleet
Credit: Aptera Motors

Aptera secures first fleet order with hopes plenty will follow

Aptera Motors shared the details of its first-ever fleet order today, which entails a pre-order for 101 of the start-up’s 400-mile range solar EV. The reservation from SustainabilitySooner is valued at $3.35 million in future revenues and, according to Aptera, represents the first of many more partnerships with companies seeking a sustainable fleet solution.

Aptera may be off and running with a customer like SustainabilitySooner in its Rolodex, as it has already shared intentions to grow the initial fleet of 101 Apterae (learned a new word today) to over 101,000 solar EVs as it continues its expansion across the US. The start-up’s CEO, David Fuller, spoke to the pre-order with Aptera:

SustainabilitySooner.com placed Aptera’s first fleet order because Aptera is building the most climate positive vehicle on the planet. The next mobility revolution must be a climate positive revolution. Our missions fit together like they were made to. In our search for our Climate Positive Mobility Partner, it was easy, in fact effortless, to see Aptera and SustainabilitySooner.com could have a long, mutually productive, even symbiotic relationship.

SustainabilitySooner, Inc. is working to alleviate climate change using what it calls Climaculture – the science and practice of cultivating plants and organisms synchronously with land management to produce clean, sustainable air, water, and energy.

The company states its pre-ordered fleet of Aptera solar EVs will enable it to scout and locate raw land sites without pesky emissions, then will utilize “artificially intelligent robotic solutions” to map, plant, and study native plants and wildlife in those areas. Aptera cofounder and co-CEO Chris Anthony spoke to the start-up’s first fleet order as well:

We’re grateful to establish our very first fleet deal with SustainabilitySooner.com, a change-maker that embraces the solar mobility movement and empowers the community to make the world a better place. It’s great to see a forward-thinking company deploying this technology in such an innovative way.

SustainabilitySooner.com will continue to educate and promote sustainability to its subscribers while giving them the digital tools to track their own shrinking carbon footprints. If and when Aptera begins production of its solar EVs, they will certainly help the start-up on its journey toward curing the world’s climate in addition to providing sustainable, long-range mobility to other fleet operations.

Aptera’s SEVs are still available for pre-order, and hundreds of slots for the Launch Edition remain open. Furthermore, reservation holders can take advantage of a discounted membership to SustainabilitySooner.com with their reservation and can benefit from a 30% discount on their Aptera reservation fee.

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‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets

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‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets

Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024.

Bloomberg | Bloomberg | Getty Images

The chief executive of the world’s largest wealth fund says there are many wild cards in financial markets right now, but the “big worry” for investors is what a commodities rally could mean for the inflation outlook.

Nicolai Tangen, CEO of the Norges Bank Investment Management (NBIM), told CNBC’s “Squawk Box Europe” on Tuesday that soaring energy and raw material prices could prove to be a significant headache for major central banks as they continue to fight inflation.

As of Tuesday afternoon, the S&P GSCI, a benchmark index that tracks the performance of global commodities, had jumped 9% since the start of the year, outpacing the broad S&P 500 index.

Oil and copper prices have climbed around 13%, respectively, year-to-date, while gold has repeatedly notched fresh record highs in recent months.

Asked whether he had any concerns about hot commodity markets, NBIM’s Tangen replied, “Yes, the big worry is just what that could mean for inflation right?”

He added, “So, if energy and raw material prices continue to move up, that is going to feed through to end-product prices, which are going to be higher. And that could be the real wildcard when it comes to inflation expectation.”

'Clearly a lot of froth' in the tech sector right now, says the CEO of the world’s largest wealth fund

NBIM manages the so-called Norwegian Government Pension Fund Global. The world’s largest sovereign wealth fund, which was valued at 17.7 trillion kroner ($1.6 trillion) at the end of March, was established in the 1990s to invest the surplus revenues of Norway’s oil and gas sector.

To date, the fund has put money in more than 8,800 companies in over 70 countries around the world, making it one of the largest investors across the globe.

Fewer rate cuts

European Central Bank President Christine Lagarde had also signaled the impact of commodity prices last week, in the broader context of the institutions next monetary policy steps. She said the central bank remains on course to cut rates, barring any major shocks — but stressed that the ECB would need to be “extremely attentive” to commodity price movements.

“Clearly on energy and on food, it has a direct and rapid impact,” Lagarde said.

Euro zone inflation slowed by more than expected to 2.4% March, bolstering expectations of a near-term rate cut. Market pricing for interest rate cuts, which has been highly volatile in recent weeks, now also points to the ECB appearing set to ease monetary policy before the U.S. Federal Reserve.

With most readings putting U.S. inflation at around 3% and not moving appreciably for several months, traders on Tuesday afternoon were pricing in a 13% chance of a U.S. rate cut in June, according to the CME Group’s FedWatch tool. That’s down from nearly 70% last month.

A worker supervises the furnace in the foundry at the ZiJIn Serbia Copper plant in Bor, Serbia, on Thursday, April 18, 2024. Copper prices have rallied recently, driven by an improving outlook for global manufacturing and mine disruptions.

Bloomberg | Bloomberg | Getty Images

Tangen said Norway’s wealth fund continued to believe it would be “tough” for central banks to get inflation down toward target levels, and major central banks would move differently, depending on local inflationary pressures.

Acknowledging multiple factors that now underpin inflation, Tangen said, “You have some of the geopolitical tensions, you have near-shoring, you have the climate effect on food through the world’s harvest, you’ve got some changes in trading routes and so on, and wage inflation is also higher than perhaps we had expected.”

He added, “We are expecting fewer rate cuts than the market did, of course, earlier in the year. I have to say my surprise is that the market has taken it so well. I would have expected the market to have reacted more negatively to this postponement of interest rate cuts.”

— CNBC’s Jeff Cox contributed to this report.

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Mercedes unveils 2025 electric G-Class, with 4 motors and tank turns

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Mercedes unveils 2025 electric G-Class, with 4 motors and tank turns

Mercedes unveiled its 2025 electric G-Class tonight – which it’s calling the “G580 with EQ technology” – in Beverly Hills, CA, and we’re here at the reveal with all the details.

Mercedes first surprised us with its “EQG” concept at IAA in 2021. Now it’s heading to production, but with a somewhat more plain name.

At the time we had almost no details, but now we’re learning all about the upcoming electric off-roader here in the wilds of… Beverly Hills, California.

So, maybe no heavy off-roading demonstrations are in the cards for today.

But the electric G-Class does have off-roading chops. It comes with 4 independent electric motors putting out a combined 579hp and 879 lb-ft of torque. Each motor has its own 2-speed transmission, giving access to a low-gear with 2:1 gear reduction for off-roading, and the 4 independent motors mean the car can vector torque to whichever wheels need it – even better than a locking differential.

4 wheel motors also means the G580 will be capable of what Mercedes calls G-Turn, its branding of what we’ve previously seen referred to as “tank turn” when Rivian was working on it (but later abandoned and pivoted to “front dig mode” instead). This means it will be able to do 2 full rotations on the spot by spinning the wheels on the left and right sides of the car in opposite directions at once.

However, this feature is more of a toy, just for fun. Mercedes also has a G-steering feature, which is sort of a mini-version of the G-turn, which will help you make extremely tight turns by activating torque vectoring to help make tight turns (though unlike the EQS, it doesn’t have rear-wheel steering).

The G580 can climb up to a 100% (45º) grade and hold stable on lateral slopes of up to 35º, ford 33.5 inches of water (6 inches deeper than the gas version), with 9.8 inches of ground clearance, a 32º approach angle, 30.7º departure angle and 20.3º breakover angle, with independent double wishbone suspension in the front and a solid de Dion axle in the rear.

To help you see where you’re going, the G580 has a “transparent hood” feature, which uses a camera to show what’s in front of and under the car on the internal display. This is important for off-roading, because if you’re going over a ridge or something and can’t see under the hood, the transparent hood can help you see where you’re going.

But it’s also a Mercedes, which means it’s fancy inside. And the 2025 model will be particularly fancy, as it’s only available in EDITION ONE trim with lots of exclusive interior and exterior touches. But you’ll be able to customize the car basically any way you want through Mercedes’ MANUFAKTUR car customization process.

So whether you’re conquering a real jungle or just the concrete jungle of… Rodeo Drive, or Las Vegas for the latest cryptocurrency convention, you’ll feel right at home in the Mercedes G-Class.

That fanciness is certainly needed to justify its price, which Mercedes hasn’t yet released, but said that it will be “in the ballpark” of the G63 (which starts at around $180,000).

The G580 is smaller than the the gas-powered G-Class. At 182″ it’s about 10 inches less long, but just as tall (78″) and as wide (76″). It shares the same 113.8in wheelbase as the gas model.

Otherwise, the exterior shares the boxy design of the gas version. Unlike many EVs, it doesn’t adopt a particularly curvy exterior, and still has a textured grille area.

The decision to stick with a traditional-looking grille goes hand in hand with Mercedes’ recent decision to add a “more classic grille option” to its EQS. And it turns out, if you want the G580 with the traditional G-Class grille, you can just get the standard grille, directly from the gas version, if you prefer it (but then you don’t get those cool lights).

And overall, Mercedes said it was very important to maintain the overall design of the G-Class. So it hasn’t tweaked it to make it look electric, other than some grille modifications and a couple aero bits.

Mercedes says the vehicle has “optimized aerodynamics,” which was surely a primary design intent of this vehicle that consists solely of straight lines. But actually, there have been a couple small changes, like a slightly modified A-pillar and a strip above the windshield to smooth out the front edge of the roof.

As for details on its electric drive capabilities, the aforementioned 4 motors can sprint to 60mph in an estimated 4.6 seconds, and reach a top speed of 112mph/180kmh. These aren’t the fastest numbers out there, but the car isn’t meant to be a racecar – Mercedes could have gone with a bigger battery, or more power, but that would have meant other compromises elsewhere, and Mercedes said that it was far more important to focus on the total package.

Mercedes hasn’t told us a range number yet, but with a 116kWh battery and a face that’s even flatter than its electric-triangle-on-wheels competition, we can imagine its somewhere in the mid-200s. It’s 473km on WLTP, which is 293mi, but WLTP is a little more lenient than EPA numbers.

More importantly than overall range, Mercedes says the G-Class will DC charge from 10-80% in 32 minutes, with a 200kW peak charging rate (and an 11kW AC charge rate). That maths out to an average charge rate of approximately 150kW on DC over the full session, which is pretty reasonable.

Given the car’s massive 116kWh (usable) battery, it still doesn’t charge nearly as fast as a Hyundai/Kia E-GMP car, but it’s still quite good compared to other chunky EVs (the G580 weighs ~6,800lbs/3,805kg, with a GVWR of exactly 3,500kg – the maximum allowed by German law).

The G580 comes with 5 regenerative braking settings, including Mercedes “D-auto” setting, where the car intelligently decides to apply regenerative braking based on traffic conditions (we recently tried this setting on the eSprinter, but struggled to find a situation where it would be useful). Regen activates off-throttle, suggesting the possibility of one-pedal driving, but we haven’t had a chance to try it out and see if its max 217kW regen braking capacity is really strong enough to avoid most brake pedal usage.

For a final cool electric touch, the car has done something new with its iconic rear end. In place of the spare tire carrier that typically adorns the backside of the G-Class, there’s an optional compartment which can be used to store charging cables or the like. You can still opt for the spare tire, too, but I really like the charging box.

Electrek’s Take

Look, this is a G-Class. It’s a statement car, it’s an image car. If you like it, you know that you like it. For the majority of drivers, its off-road capabilities really won’t matter all that much.

What matters here is whether it stays true to the G-Class, and as far as we can tell, it does. It looks like a G-Class and it feels like a G-Class. The doors thunk closed like a G-Class.

And an important note – Mercedes said, “if the G can go electric, any car can go electric.” We, of course, agree. This is a car that has been defined in many ways by excess, with the gas version getting just 14 miles per gallon. And yet here it is, in electric trim, with a huge battery (but not out of line with other huge EVs), beating the gas version’s performance both on- and off-road.

As for the name – while “G580 with EQ technology” is a bit of a mouthful, I actually like the simple designation “G580.” Surely people will refer to it as “the electric G-Class” or the like, but by giving the car a regular model name, Mercedes is saying that it’s treating the car like a regular car.

Instead of siloing EVs into their own sub-brand, Mercedes is saying that this is a G-Class, and if you want a G-Class, this is a G-Class. Mercedes was clear that this is not a rational vehicle, that its customers don’t need a G-Class, they want a G-Class.

So there you go. If you want a G-Class, this is a G-Class.

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Daily EV Recap: Tesla Self-Driving Homicide

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Daily EV Recap: Tesla Self-Driving Homicide

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Daily EV Recap: Tesla Self-Driving Homicide

Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple PodcastsSpotifyTuneIn and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available.

Stories we discuss in this episode (with links):

Tesla driver arrested for homicide after running over motorcyclist on Autopilot

Tesla officially unveils new Model 3 Performance with 0-60 mph in 2.9 sec

Arres Prevent robot uses advanced AI to fight potholes

Allye Energy wants to power your job site with used Land Rover batteries

Tesla skirts Austin’s environmental rules at Texas gigafactory

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Drop us a line at tips@electrek.co. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show!

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Daily EV Recap: Tesla Self-Driving Homicide

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