Aptera Needs $50M For Production. Is The Company In Trouble?

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

In the past, we've had a lot of positive coverage of Aptera, and that's something I hope to be able to continue. But, we must also cover the challenges the company faces. It has built

In the past, we’ve had a lot of positive coverage of Aptera, and that’s something I hope to be able to continue. But, we must also cover the challenges the company faces. It has built several prototypes, secured a manufacturing space, and seems to now have both a solid design and a solid plan for making copies of the design — but having a great plan and executing that plan are two very different things.

One important thing the video finds is that the company is currently considered a “going concern,” or a company that’s stable for the moment. But the company’s present status isn’t guaranteed to continue into the future, as it is going to need significant money to go from development to production.Aptera has several options to get the $50M together. One is the next round of funding already mentioned, which would pull most of it in.

. Its chances of getting a grant from the State of California for $22 million seem to be very good at this point, but that would only get the company part way there. It would need to come up with the other $28 million to go to production. Like today, the company had a design, preorders, and great ideas for production in 2011. But, there are still important differences that could keep disaster away this time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All money spent on advertising.

Same like previous Aptera with petrol engine. Bancrupt.....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 565. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Property insurer to exit Florida marketUnited Property & Casualty Insurance Co. will exit Florida’s troubled homeowners’ insurance market, forcing customers to find new coverage as their policies come up for renewal, the insurer’s parent company announced Thursday.
Source: wjxt4 - 🏆 246. / 63 Read more »