Aptera pushes SEV deliveries as it seeks additional funding, timelines remain ‘moving target’
While Aptera Motors continues to push forward with its production-intent (PI), solar EV builds ahead of production plans (hopefully) next year, and its timeline for initial customer deliveries is as cloudy as ever. The SEV startup quietly updated the estimated delivery timelines for all reservation holders, giving us an idea of where it stands in terms of scaled production. However, in speaking with Aptera, a lot of these numbers (for better or worse) depend on vital funding that has yet to be secured – a common theme in the startup world.
Aptera Motors is the last of the living solar EV startups and one we’ve followed closely for several years because its unique approach to sustainable mobility has the potential to one day reimagine and elevate the entire automotive industry.
To get there is no small feat, and Aptera Motors is already on its second life in reaching the holy grail of scaled solar EV production. Through our coverage and consistent, transparent updates from Aptera Motors directly, we’ve learned just how much progress the startup has made in the last few years and, conversely, just how much further it will need to go to prove viable.
As it is with any startup, the biggest hindrance to quick development has been funding. For a long while, Aptera leaned on its loyal base of fans and reservation holders, who invested their own money for a chance at one of the first 2,000 Launch Edition solar EV deliveries. The company ended up raising an inspiring $135 million from over 17,000 investors – the most successful crowdfunded raise in history.
While that funding has helped keep Aptera going, entering pre-production body in carbon (BinC) builds ahead of production-intent testing, it will still need more money to get Launch Edition deliveries to those loyal investors and beyond. To help this need, Aptera Motors announced a partnership with US Capital Global this past July, which is helping raise an additional $60 million in capital.
However, three months in, that desired total has not been achieved. Furthermore, that round of funding is a mere stepping stone to low-volume production, and more funding will be required to scale (see graphic below). With so many unknowns surrounding future funding, Aptera has amended its estimated deliveries while it sorts out its financial future.
Aptera deliveries are limited in 2025, 2026 numbers TBD
We first caught wind of the revised timelines for SEV deliveries from the Aptera Owners’ Club Discord page. Many users who are investors in the Aptera Accelerator Program were reporting the timelines listed on their accounts have changed from the first half of 2025 to 2026.
I myself am a reservation holder but not an Accelerator, and my reservation changed from 2026 to “TBA.” However, a lucky few who invested big bucks during the crowdfunding campaign are still secured for deliveries before the end of 2025. However, following the threads on Discord and comparing those numbers to previous Aptera statements and estimates in its US Capital Global investor deck, the delivery numbers get quite jumbled.
Chris McCammon, Aptera’s Head of Content, was present on the Discord page and estimated Aptera is targeting 60 Launch Edition builds that will see deliveries to customers in 2025. That means only the top 60 Accelerators will receive their Launch Edition SEV next year. The other 1,940 Accelerators will have to wait until 2026 at the earliest.
We reached out to Aptera directly for more insight, and its team was able to confirm that 60 customer builds are the target for 2025 but that low-volume production, as well as the scaled production to follow, will rely heavily on the $60 million US Capital raise as well as further funding rounds thereafter. Per a representative for Aptera:
At this point, our primary focus is securing the necessary financing to ensure we remain on track with our production schedule. As previously mentioned, we are actively pursuing $60 million in funding, which we aim to complete in multiple transactions over the next 3-6 months. This funding is critical for advancing to low-volume production, and once secured, we expect to enter production within 9-12 months.
Chris (McCammon’s) estimate of 60 Launch Edition Accelerator deliveries in 2025 aligns with our goal for the initial low-volume production. However, the total number for the year is dependent on securing the $60 million in funding and therefore, will be a moving target.
While some reservation holders may be disheartened by the news of having to wait longer for Aptera deliveries, the latest update to reservation pages shouldn’t really come as a surprise based on what we already knew following the US Capital Global announcement. Even back in July, we warned reservation holders that 2026 would likely be the earliest they would see any substantial SEV deliveries, and that was when Aptera was predicting to build 371 units in 2025. That number is probably closer to 100 now.
There should be no cause for alarm based on the revised delivery timelines. Aptera is continuing to make progress through production intent builds and could still scale fairly quickly in 2026 and beyond. What is worrisome is that low-volume production and those scaled SEV builds in 2026 and beyond will rely on a hefty influx of funding. We asked Aptera about that progress and about its long-teased IPO. Per a representative for the company:
Looking ahead, we aim to ramp up production through 2026, though the scale of this ramp-up will largely depend on when we secure the current $60 million target. Our ultimate goal of producing 20,000 vehicles annually will require approximately $195 million in additional capital, which we plan to raise through a combination of financing strategies, including equity, debt, and potentially an IPO, as you mentioned.
Aptera Motors fights on, and we’re rooting for them, but the biggest beast to overcome in its startup saga has always been and continues to be its need for substantial funding. Completing the $60 million investment round that is currently ongoing will be a major milestone, but the approximate $195 million required after that to deliver more than 60-ish targeted SEV deliveries shows just how much of an uphill battle Aptera continues to face in scaling its technology.
Hopefully, it can harness all that sun’s power and reach the promised land for the sake of the environment and cool-ass EVs. As always, you can reserve an Aptera for only $70; you just may be waiting a while for a delivery.
FTC: We use income earning auto affiliate links. More.
Environment
Podcast: GMC Sierra EV Denali first drive, Hyundai Ioniq 9 unveiling, Jaguar rebranding, and more
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss our GMC Sierra EV Denali first drive, Hyundai Ioniq 9 unveiling, Jaguar’s rebranding, and more.
Sponsored by ALSET Auto: North America’s leader in paint protection and restyling; offering colored wraps, paint protection, window tint, ceramic coatings and more, exclusively on EVs.
The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:
We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the podcast:
Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET):
FTC: We use income earning auto affiliate links. More.
It’s official: Chrysler will finally launch an electric Pacifica minivan. The company is developing clever storage ideas that could make it even more functional than Volkswagen’s recently introduced ID.Buzz. But you’ll have to wait a little longer to get your hands on one.
Chrysler confirms plans to launch an electric Pacifica
Chrysler has yet to release its first fully electric vehicle. Although the nearly 100-year-old automaker has teased several EV concepts, we have yet to see one come to fruition. That will change soon.
Earlier this year, the company revealed its Halcyon Concept, a futuristic sports car-like EV drastically different from Chrysler vehicles currently on the road. The model builds on previous concepts, like the Airflow crossover introduced in 2022.
Chrysler’s CEO, Christine Feuell, said the Halycon would be brought to life with advanced new tech from parent company Stellantis, sleek new styling, and a software-defined connected cockpit.
The radical design will be used in future Chrysler vehicles, including the electric Pacifica. At the LA Auto Show this week, Feuell confirmed to GreenCarReports that the Pacifica is due for an overhaul in 2026. The refresh will lay the groundwork for the first electric Pacifica, which is expected to launch the following year.
Chrysler’s CEO hinted the upcoming Pacifica EV could challenge Volkswagen’s ID.Buzz, the first electric minivan to arrive in the US.
While you’ll need to remove the seats for that open-air space in the ID.Buzz, Chrysler is working on more functional solutions. According to Feuell, the company is developing a system like its patented Stow ‘N Go Seating to open up space in the rear.
Although nothing is set in stone, one option is adjustable front seats, enabling the second row to be stored underneath.
Electrek’s Take
As Chrysler’s only production model in 2024, it only makes sense to launch an electric Pacifica. The Pacifica hybrid was the fourth best-selling plug-in hybrid in the US in Q3. It also accounted for 14% (3,009) of the 21,504 Pacifica models sold last quarter.
Meanwhile, the company is quickly losing market share in the US. Pacifica sales crashed 44% in Q3 and are down 18% through September.
Several new larger electric SUVs, like the Kia EV9, are already hitting the market, and more are on the way, including the recently unveiled Hyundai IONIQ 9. With the electric Pacifica not due out until 2027 (at the earliest), Chrysler will likely continue losing ground as new, more advanced competitors roll out.
FTC: We use income earning auto affiliate links. More.
Tesla has converted an entire Shell gas station into a Supercharger station for electric vehicles in Spain, and it looks fantastic.
One of the favorite arguments of electric vehicle naysayers is that there are not as many charging stations as gas stations – making EVs less convenient.
The argument is flawed since most EVs are charged overnight when parked, and they can be charged literally anywhere there’s an electric outlet, which is not the case with gas-powered vehicles.
Most of the time, charging electric vehicles is more convenient than refueling a gas-powered car, and that’s going to become more widespread as time goes on because there are more charging stations being deployed, and many gas stations are going away.
In some markets where electric vehicles are being adopted at a higher rate, like in Norway, gas stations have been closing left and right.
In some cases, EV charging stations are directly replacing some.
Today, we get to see a beautiful example in Cordoba, Spain, where Tesla took over a Shell gas station and converted it into (hat tip to Aland≡Bru on X):
While it is not completed, it’s particularly interesting to see that Tesla has kept a similar design to the classic gas station setup.
To be fair, this is not exactly a new concept. There’s even a company that specializes in replacing gas stations with EV charging stations.
We have also previously seen gas station operators replacing gas pumps with charging stalls.
Interestingly, even the oil giant Shell, which is seeing its gas station here replaced by a Tesla Supercharger here, is investing in electric vehicle charging through several new efforts.
The only thing missing to this charging station is solar power, which is the best way to charger your electric car, and the best solar is on your home. If you want to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage. EnergySage is a free service that makes it easy for you to go solar – whether you’re a homeowner or renter. They have hundreds of vetted solar installers competing for your business (including Tesla and Powerwall certified installers in some markets), ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online, and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links. More.
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports8 months agoStory injured on diving stop, exits Red Sox game
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports1 year agoGame 1 of WS least-watched in recorded history
-
Sports3 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business2 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway