Solar EV startup Aptera Motors has announced a clever new demand lever to get more of the public to invest in its technology en route to initial vehicle production later this year. Starting today, you can now invest in Aptera through a self-directed IRA. If you don’t know what a self-directed IRA is or do not have one yet, no worries; Aptera has the steps in place to walk you through it.
Aptera is a scrappy EV startup in its second iteration, consistently pushing forward and leading a nascent segment of solar EVs as the first-ever to reach scaled production and prove the plausibility of those zero-emissions vehicles.
As it is for all startups, scaling is hard. However, Aptera Motors has never tiptoed around that hurdle it still faces and has already presented several unique solutions to garner funding while offering the public opportunities to be the first to drive off in one of its sun-powered EVs.
In early 2023, Aptera co-founders Steve Fambro and Chris Anthony announced an Accelerator Program, requesting community funding investments from reservation holders starting at a minimum of $10,000. Those who invested in Aptera have had their deliveries prioritized with commemorative Launch Edition builds.
To make things more fun, Aptera included a leaderboard competition for the 2,000 available slots, equating to a numbered, commemorative build of the Launch Edition. The more invested, the sooner you get your vehicle.
By February 2024, Aptera had filled all 2,000 initial production slots, raising nearly $34 million from reservation holders who were confident in the startup and chose to invest. Still, Aptera’s co-founders relayed that more funding would be required to scale, and the company has been exploring additional funding streams since.
As we’ve reported in the past, the startup is still interested in an IPO to help get production over the finish line. Before then however, the next opportunity to invest in Aptera comes in the form of a self-directed IRA, which the startup has added as an option to its investment page starting today.
You can now invest in Aptera through a self-directed IRA
Per Aptera Motors, the public can now invest in the startup and its solar EV technology by opening a self-directed IRA – an Individual Retirement Account (IRA) bound by traditional rules but with additional options for alternative investments in options not typically found in conventional IRAs (real estate, cryptocurrency, etc.) Per Aptera:
Investing in Aptera with your Self-Directed IRA allows you to align your retirement portfolio with your values and beliefs in clean mobility and cutting-edge technology. As we continue to revolutionize the mobility industry with our solar-powered vehicles and commitment to grid independence, your investment can be a part of driving positive change and shaping the future of mobility.
Many consumers already have some form of retirement investment in place, whether it’s a traditional IRA, Roth IRA, or other type. However, self-directed IRAs are less common because they have more complex rules, and the account holder assumes all the risk. In exchange, however, this IRA option provides more flexibility in how you choose to invest your hard-earned money.
As a startup specializing in solar technology and EVs, Aptera is obviously not personally managing the self-directed IRAs but instead has enlisted trusted partners who can help you set one up if you don’t already have one. You can learn more about this opportunity to invest in Aptera and start the process of opening a self-directed IRA through its dedicated page.
As always, Aptera’s solar EVs are available for pre-order now for $100 down, but you can reserve one for $70 using this link.
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Isuzu is giving Red Bull electrified wings – the iconic drinks company is officially the first to put the production version of its new-for-2025 Isuzu NRR-EV medium duty electric box truck to work in North America.
Deployed by Red Bull North America, these first-ever customer Isuzu NRR-EV medium duty trucks are busy delivering cans of Red Bull products throughout Southern California with zero tailpipe emissions, marking the first time the best-selling low-cab/cabover box truck brand in the US can make such a claim.
“Today marks a major milestone for the industry and for us. Watching the NRR-EV evolve from a concept to a viable operating product is a big deal,” explains Shaun Skinner, President of Isuzu Commercial Truck of America. “Our teams and our clients have put so much time and effort into making this happen, and it speaks to our teamwork and dedication to more sustainable transportation solutions. It is no longer just a plan, we have zero-emission trucks serving our customers’ needs!”
The NRR-EV is available with a number of different battery configurations, ranging from three 20 kWh battery packs (60 kWh total) up to nine 20 kWh battery packs, with five and seven pack options in between. The nine-pack version is good for up to 235 miles of range with a 19,500 lb. GVWR. The batteries, regardless of configuration, send power to a 150 kW (200 hp) electric motor with 380 lb-ft. of torque available at 0 rpm.
For “Red Bull” duty, the Isuzu trucks ship with a 100 kWh total battery capacity, and are fitted a lightweight, all-aluminum 6-bay beverage body, the vehicle’s design maintains its cargo capacity. The NRR-EV’s 19,500 lb. GVWR (Class 5) chassis, combined with the lightweight body and “big enough” battery spec provides Red Bull’s delivery drivers a hefty, 9,000 lb. payload.
Isuzu’s N-series trucks are everywhere – and for good reason. They’re dependable, they’re affordable, and they have a nationwide network of GM dealers supporting them. I am a huge fan of these trucks, and can’t wait to sample the electric version from behind the wheel.
Hyundai is gearing up to launch its first all-electric minivan. Production is set to begin next year, and the EV minivan is expected to play a key role in its global expansion. Here’s what to expect.
Hyundai will launch its first EV minivan in 2025
The Staria is Hyundai’s successor to the Starex, its multi-purpose vehicle (MPV), launched in 2021. Like its replacement, the Staria is offered in a minivan, minibus, van, pickup, and several other configurations like limousines and ambulances.
Although the Staria was launched with only diesel and gas-powered powertrain options, Hyundai added its first hybrid model in February.
Hyundai will introduce the Staria Electric, its first electric minivan, next year. In March, Hyundai unveiled its new ST1 electric business van, which is based on the Staria. However, the minivan will get its own EV model in 2025. The ST1 is Hyundai’s first commercial EV. It’s available in refrigerated van and basic chassis cab options.
Hyundai is already building gas-powered and hybrid Staria models at its Ulsan plant in Korea, but it is preparing to begin producing the EV version.
According to the Korean media outlet Newsis, sources close to the matter on Friday said Hyundai will begin converting a production line (Line 1) at its Ulsan Plant 4 for Staria Electric around January 25, 2024.
The expansion is part of Hyundai’s broader plan to introduce 21 electric vehicles by 2030, accounting for over 2 million in sales.
A report from The Korean Economic Daily in June claimed Hyundai would expand Staria EV production into Europe starting in the first half of 2026. European-made models will be sold domestically and overseas, like in Australia and Thailand. Hyundai aims to sell 15,000 to 20,000 of the EV model annually.
The Staria Electric will be powered by Hyundai’s fourth-generation 84 kWh EV batteries and will have over 10% more capacity than the ST1.
Hyundai sold 37,769 Starias through the first 11 months of 2024. Last year, Hyundai Staria sales reached 39,780, including domestic and export sales. By the end of the year, Staria sales are expected to exceed 40,000 for the first time.
Hyundai’s sister company also has big plans to expand its commercial business with a new lineup of EVs based on its PBV (Platform Beyond Vehicle). Its first electric van, the PV5, was spotted earlier this year as a potential Volkswagen ID.Buzz challenger.
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The company says this latest all-electric milestone means Schneider has cut more than 20 million pounds of harmful carbon emissions. A total it says is equivalent to removing more than 2,100 gas-powered passenger cars from the road.
“Reaching 6 million zero-emission miles is a testament to our steadfast dedication to sustainability and innovation,” said Schneider President and CEO, Mark Rourke. “Leading the way in adopting electric vehicle technology not only benefits the environment but also serves as an example of the broad service capabilities and flexibility we can offer to customers.”
Schneider operates one of the largest fleets of Freightliner eCascadia electric semi trucks in the country, with fully 92 of the BEVs deployed (so far). The trucks have been operating in and around the ports of Southern California, where they have significantly reduced emissions and contributed to cleaner air quality while reliably transporting freight and saving SNDR money.
“Schneider is a great example of the kind of forward-thinking entrepreneurship our industry needs,” says David Carson, Senior Vice President, Sales and Marketing at DTNA. “They’ve achieved over 6 million zero emission miles, which is a reminder for us all to keep working on overcoming challenges together on the path to zero emissions. At DTNA, we’re committed to the shift to zero emissions, alongside pioneers like Schneider, who are showing us what’s possible.”
Fifty of Schneider’ 92 eCascadias were funded by JETSI – a California-wide initiative working to reduce greenhouse gas emissions. Of the remaining 42 five are jointly funded by the EPA’s FY18 Targeted Airshed Grant, seven are funded by the Volkswagen Environmental Mitigation Trust, and 30 are funded by California’s HVIP incentive program.
Electrek’s Take
Schneider is among the many global fleets that are proving the reliability and efficacy of battery-electric semi trucks every day, racking up millions of miles faster than many of the nay-sayers thought would be possible. The only real question facing the world of electric trucking now is whether the legacy brands like Freightliner and Volvo have established an insurmountable lead over Tesla.