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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.

Invest Aptera
Aptera’s solar EV, scheduled to begin production later this year / Source: Aptera Motors

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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The Invanti Tornado is the Swiss Army knife of e-bikes [Video]

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The Invanti Tornado is the Swiss Army knife of e-bikes [Video]

Want your electric bike to have utility as well as comfort and style? Then, the Invanti Tornado, with its impressive array of optional accessories, could be your ideal ride.

Invanti is developing multi-functional e-bikes to reinvent the e-bike industry. It will launch an Indiegogo crowdfunding campaign on May 22 for its first product, the versatile Tornado e-bike series. Early backers can purchase the Tornado for a super early bird price of $1,299, significant savings vs. gas bikes.

Invanti makes it easy to protect your e-bike from theft with its “invantimobility” app. The smart version Tornado Pro has a smart front hub lock feature that, once activated, can only be unlocked using the app.

This zippy and efficient utility e-bike has a 750W rear hub motor, 1,000 peak power, and a 48V 14.7Ah battery with Samsung cells that give a top speed of up to 25 mph. The Shimano 7-speed transmission, 80 mm travel suspension, 4-piston hydraulic disc brakes, and torque sensor means riding is smooth. It also sports a pair of 20-by-3-inch puncture-resistant tires.

The Tornado provides a range of 60 miles on pedal assist and 25 miles on throttle only. You can additionally install an extra 48V, 10.4Ah battery that you take with you, giving a cumulative total of 100 miles on pedal assist and 43.5 miles on throttle only. Plus, you can use the extra battery as a portable powerbank for your phone.

What makes the Invanti Tornado stand out is the cool accessories it comes with. Your e-bike arrives with a front rack, a rear cargo rack, a rear fork storage bag with lockout, and rear wheel mudguards. It also features front and rear lights with integrated turn signals.

Plus, it offers a choice of nine upgrade accessories, which give this bike an almost modular feel. This means you can make your e-bike bespoke:

If you want to cart around passengers, you can make it happen with the Invanti Tornado’s optional rear seat pad and passenger foot rest, and there’s also a child safety handrail. Its dual-tube aluminum alloy frame can handle payloads of up to 440 pounds.

Invanti’s super early bird price on the Tornado is $1,299, and the official crowdfunding price is $1,499.

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This startup is about to install bladeless rooftop wind turbines on box buildings

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This startup is about to install bladeless rooftop wind turbines on box buildings

Aeromine Technologies just closed a $9 million funding round, and it’s ready to scale up production of its bladeless rooftop wind turbines.

Energy research, investing, and strategy firm Veriten is the lead investor in Aeromine Technologies’ Series A funding round.

Aeromine, launched in 2022, makes compact 50 kW or larger “wind harvesting platforms” that it mounts on the edge of a building’s roof. The rooftop wind units, which have no external moving parts or blades, capture wind flowing up and over the building and convert it into onsite electricity. Its generator system is a rotor-stator system with a highly efficient 5 kW permanent magnet generator. (Specs are here.)

The noiseless technology leverages aerodynamics like airfoils on a race car to capture and amplify each building’s airflow to generate energy. Aeromine says its systems typically consist of 20-40 units installed on the edge of a building facing the predominant wind direction.

Each 1,000-pound unit can withstand winds of between 120 and 158 mph depending on specification.

Aeromine’s units can operate independently or be integrated with existing rooftop solar arrays. Onsite power generation eliminates grid supply disruptions.

Maynard Holt, founder & CEO of Veriten, said:

We believe that distributed power innovation will play a vital role in helping companies fulfill their need for reliable, reasonably priced electricity and desire for low-impact power. We’re excited to partner with Aeromine, as its ability to quickly and affordably help a wide variety of companies meet their energy needs with wind resources is unique among distributed energy solutions.

The bladeless wind turbines are designed to power apartment buildings, warehouses, manufacturing facilities, offices, hospitals, retail centers – basically any big box building with a flat, unobstructed roof.

The company says it has 400 qualified projects in its pipeline and expects to roll out commercially in Europe and North America in 2025. 

Read more: How renewables could beat natural gas in US generating capacity within 3 years – in numbers


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*

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Ford likely to enable all dealers to sell EVs amid shifting plans

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Ford likely to enable all dealers to sell EVs amid shifting plans

With changes expected to Ford’s electric vehicle certification program, all Ford dealers will likely be able to sell EVs. Ford is reportedly preparing to open the program amid feedback from its dealers.

Ford poised to open dealers network to sell EVs

After asking dealers to pause EV investments this week, Ford is finalizing changes to the program. Ford already eased requirements last year due to “changes in the market.”

Ford spokesperson Marty Gunsberg confirmed that several dealers opted out of the program this past December. Gunsberg said, “Enrollments for 2024 are just over 50% of the network.” That’s down from about two-thirds confirmed by CEO Jim Farley a year prior.

According to Automotive News, after a series of meetings between dealers and executives, Ford is now preparing to allow all dealers to sell EVs.

Ford is expected to update the financial requirements needed to qualify. Previously, dealers were required to invest at least $500,000 to enroll in the program. For $1.2 million, dealers could be eligible for the “Elite” tier, which included additional chargers, demo units, and a presence on Ford.com.

Ford-dealers-EVs
Ford Mustang Mach E at a Tesla Supercharger (Source: Ford)

If dealers didn’t want to invest, they couldn’t sell Ford EVs. Ford’s vice president of EV programs, Lisa Drake, said the company no longer believes having select dealers sell EVs is the right plan.

More dealers want in but with less financial commitment

“What we’re finding is more dealers want to be involved in it and we don’t want to be exclusive to just a handful,” Drake said. “And so we’re making a change where we’re opening up that and not requiring as many certifications or investments for a dealer to participate in the EV revolution.”

Meanwhile, the changes will not be finalized until early June, when Ford meets with its dealer council.

Ford-dealers-EVs
2024 Ford F-150 Lightning lineup (Source: Ford)

It’s unclear how much Ford will reduce financial requirements to sell EVs, but many believe it will be drastically relaxed to promote participation.

Drake said Ford will be “more ubiquitous with our training and make sure essentially all of our dealers are equipped to sell them” going forward. Ford will need to figure out how to deal with those who have already made investments at the upcoming dealer council meeting.

Ford-dealers-EVs
Ford Mustang Mach-E GT Bronze edition (Source: Ford)

Ford slashed prices on its popular Mustang Mach-E and F-150 Lightning in recent months to boost sales.

After cutting Mach-E prices by up to $8,100 earlier this year, Ford introduced a new 0% APR offer on 2024 models this week.

2024 Mustang Mach-E trim Range Starting Price
Mustang Mach-E Select 250 mi $39,995
Mustang Mach-E Premium 320 mi $43,995
Mustang Mach-E GT 280 mi $53,995
Mustang Mach-E Rally 265 mi $59,995
2024 Mustang Mach-E price and range by trim

Ford also introduced new discounts on the 2023 F-150 Lightning this week, offering up to $15,000 off MSRP. F-150 Lightning lease prices were cut by over $400 a month.

If you’re in the market for a new EV, now’s the time to start shopping. You can use our links below to find deals on Ford’s electric vehicles at a dealer near you.

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