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Aptera Throws Investment Competition To Try To Survive

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In a recent announcement, Aptera kicked off an investment competition. To get in the game, you've gotta invest at least $10,000 in the company. The prize? If you're among the top 2,000 investors, you get

, the company was careful to first detail just how ready it is to kick the vehicle into production and bring that revenue into the company .In a blog post, Aptera explains that it has been selected for a State of California grant worth $21.9 million. To get those funds, the company has to raise its own matching funds and spend those first, and then it will be reimbursed for that spending.

Aptera also says that once it reaches its funding goal, it will need about a year to start production, and that the longer it takes to get those funds raised, the longer it will take to get that year started and work toward production. But, this vehicle slot opportunity ends on March 27th, so it is trying to get investors to go ahead and get the money in ASAP.The most obvious perspective is Aptera’s own history.

 

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